#CBD Frenzy Continues: Acquisitions Leading the way for Sector; ( $SIML) ( $POTN) ( $SING) ( $EDXC)

#CBD Frenzy Continues: Acquisitions Leading the way for Sector; ( $SIML) ( $POTN) ( $SING) ( $EDXC)

Point Roberts WA and Delta BC - July 10,  2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the continued movement surrounding CBD/hemp business acquisitions based on continued growth in consumer and industrial demand in both the US and internationally.

Fior Markets said in its recent report, ‘the global industrial hemp market is expected to grow from USD 4.41 Billion in 2018 to USD 14.67 Billion by 2026’.

Strategically positioning for this sector, Simlatus Corporation (OTC: SIML), a holding company focused on opportunities in the cannabis space, with Proscere Bioscience as the company’s division focused on the CBD industry just commented on the cannabis industry and their acquisitions. 

Read this in full at https://www.investorideas.com/news/2019/cannabis/07102CBD-Acquisitions.asp

Richard Hylen, Chairman and CEO stated “Our shareholders and management team have been on an impressive run ever since the company expanded its footprint into the cannabis sector with our most recent acquisition of Proscere Bioscience. With this acquisition, the company gained access to a cold-water CBD extraction technology that presents an exciting opportunity in revenue generation. With the acquisition, the company has gained access to a valuable asset capable of strengthening its revenue base, with a current $2.8M in its first purchase order and commitments of $275M over the next 5 years. The company has already set sights on Canada, USA, and Europe as it embarks on an aggressive commercialization drive for the cold-water CBD extraction systems.”

He went on to say, “Legal marijuana is worth an estimated $50 billion for the U.S. today, and experts have projected the U.S. industry to skyrocket to $80 billion by 2030. Simlatus has a firm standing in this industry with the manufacturing of its Cold-Water Extraction Systems required to fulfill the industry needs for THC, CBD and Hemp extraction. Cannabis legalization has swept across North America with 10 states plus Washington, D.C. that provide legalized recreational marijuana; and full legalization having arrived in Canada in October 2018. Our subsidiary, Proscere Bioscience, is fulfilling its first order of $2.8M and 5 year commitments from its global distribution of $275M. This is definitely a game changer for our company and our shareholders.”

The company continues to be technology and service driven in the growing industries of cannabis, audio/video and high-speed internet products; while its new management team uses its own cash reserves to drive down debt and dilution and focus on moving the company to NASDAQ.

SinglePoint Inc. (OTC: SING), another company who has made acquisitions in the cannabis/hemp industry recently announced that it has signed a $109,465,000 contract with Elite Foundation LLC of North Carolina to supply more than 275,000 pounds of premium hemp flower over a period of 15 months. The client has approved and taken receipt of the second batch of product and Elite has approved approximately 5000 pounds of varietal strain hemp flower which has been reserved for their next 4 to 6 shipments, expected every other week.

“We are grateful for the opportunity to work with SinglePoint in continuing to establish ourselves as the Southeast’s preferred hemp provider, trusted to satisfy our clientele’s growing demands by ensuring quality, consistency and variety for the downline. This alliance potentiates a cascade of mutual benefits across many sectors within the burgeoning hemp industry, and we look very much forward to generating these positive energies together!” states Max Alexander, Chairman and CFO of Elite Foundation.

According to SinglePoint President, Wil Ralston, “There is very little high-quality hemp flower in the United states so we’re pleased that our client can take advantage of our supply before it’s available to other supermarket clients. After visiting with our suppliers yesterday it is clear that the market is drying up quickly and we have access to supply the best flower available to the market with additional greenhouse quality flower coming to market as well. This has been a great development for SinglePoint and our VP of Sales, Don Smith, has done a wonderful job of closing this contract. He is currently working with additional clients in need of hemp flower as well as many other raw materials such as biomass. We look forward to the closure of these deals among others in our pipeline including private labeled finished goods for retail distribution. We see a large opportunity to put end user product throughout retail distribution in the coming months. Industrial derived hemp has created a wave of new products and opportunities in which SinglePoint has been able to drive additional revenue and profit.”

BDS Analytics and Arcview Market Research project that the collective market for CBD sales in the US will surpass $20 billion by 2024 while New York-based investment bank Cowen & Co, estimates that the market could pull in $15 billion by 2025. The smokable hemp market currently represents approximately 2% of the overall CBD market, but with a 250% growth from 2017 to 2018, Brightfield Group, a Chicago-based cannabis market research firm, identifies dried and smokable hemp flowers as one of the fastest-growing segments of the CBD market. SinglePoint’s bold entry into the hemp flower market positions the company as one of the leading hemp flower wholesalers in the country.

CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx Corporation, a provider of innovative phytonutrient-based nutritional and wellness products recently commented on the CBD/hemp industry and their role within it in several interviews with Proactive Investors.

Mr. Dustin Sullivan, COO of CBD Unlimited, commented on the recent spike in demand for CBD in retail stores as more CBD moves into brick-and-mortar retail across America. Because of this, CBD Unlimited is expecting CBD to eventually become the new mainstream.

Months prior, Mr. Todd Davis, CEO & Chairman of CBD Unlimited, spoke with Proactive Investors commenting on the Company’s plan to scale the Company significantly. Since then, the Company broke sales and store count records and looks to update the public on these numbers after the quarter ends.

CBD Unlimited, Inc. develops and distributes all-natural Hemp-Derived CBD, containing less than 0.3% THC in compliance with USDA regulations. The company’s products are built upon three key fundamentals: targeted-delivery, controlled-dosing and dual-therapy applications. Its products range from oils, capsules and topicals, to proprietary pet products, all with the shared purpose of supporting the therapeutic relief of pain and inflammation for humans and pets. Phyto-Bites are CBD soft chews for animal use that are formulated to promote health and support the reduction of separation anxiety, pain and inflammation.

PotNetwork Holding, Inc. (OTC: POTN), through its wholly-owned subsidiary Diamond CBD, has also successfully launched several new lines of CBD oil products for the consumer and wholesale markets, including Full Spectrum CBD MCT Oils, CBD Oil with Hemp Seed Oil, CBD Oil Honey Tinctures, and CBD Oil with Olive Oil. The new products are being launched at a time when consumer interest and preference for CBD products continues to peak.

Diamond CBD’s new CBD oil products have been a hit with consumers as well as in the wholesale market, helping merchants and retailers to boost sales and bring larger numbers of customers through their doors. Available in several of the Company’s more popular brands, including Relax, Meds Biotech, and its own consumer-favorite eponymous brand, these new CBD oil products brought in over $1.1 million in sales in May alone.

According to a new Gallup poll, most Americans are aware of CBD oil and many feel it is beneficial in some way. As the market for products continues to grow, Diamond CBD continues to introduce new and exciting products to meet the wants and needs of consumers.

“Our new lineup of CBD oil products gives consumers and those in the wholesale marketplace an expanded choice,” said Kevin Hagen, CEO of Diamond CBD parent company, PotNetwork Holdings, Inc. “What this new poll from Gallup tells us is that not only do more consumers want easy access to CBD oil, but that the market continues to expand and that consumers want that expansion. We at Diamond CBD are poised to satisfy that expansion.”

While CBD continues to have its day in the sun, we can expect to see more acquisitions and partnerships in this space which in turn is expected to have a massive impact on the price point of hemp/CBD products in the near future, similar to what was seen in early adopter cannabis states. This is expected to drive consumer demand even further but will force companies to strategically position themselves with the right business plan if they want to stand out in an overcrowded CBD market. 

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(OTC: $ARSN) (OTCQB: $NGTF) (NASDAQ: $BYND) (OTC: $RMHB) - Beyond Food-Organic and Healthier Food Trends 2019

(OTC: $ARSN) (OTCQB: $NGTF)  (NASDAQ: $BYND) (OTC: $RMHB)  - Beyond Food-Organic and Healthier Food Trends 2019

CBD and Plant Based Food Also Key Trends for 2019 and Beyond

Point Roberts WA, Delta BC – July 10, 2019 - Investorideas.com, a leading investor news resource covering food and Lifestyles of Health and Sustainability (LOHAS) stocks releases a snapshot reporting on the future trends of the food sector and how consumer demand for healthier and organic food is creating a shift in the industry.

According to the Ice-cream and Frozen Dessert Market Industrial Growth Analysis, Trends and Forecast 2015-2025 from Consulting Industry News, “rising disposable income coupled with shifting consumer eating habits is expected to drive the demand of ice-cream and frozen dessert in the near future. Moreover, increasing availability of flavoured yoghurt, especially in developing regions is predicted to be major factor supporting the growth of ice-cream and frozen dessert market during the forecast period.”

Now, while frozen desserts may be on an upward trend, we don’t necessarily think ‘health’ when thinking of ice cream but consumer preferences are changing that moving forward and companies invested in this sector are looking to adapt.

Aureus, Inc. (OTC: ARSN), www.AureusNOW.com, a food brand development company announced that is has officially closed the acquisition of Yuengling’s Ice Cream and will continue with the development of its new High Protein / Lite Ice Cream. The Company expects to have finished products ready by the end of the month so it can meet with retailers and distributors in the upcoming fall. Yuengling’s also plans to offer its High Protein / Lite Ice Cream online as soon as it is available.

Read this in full at https://www.investorideas.com/news/2019/cannabis/07101Stocks-Food.asp

“While the acquisition was essentially complete two weeks ago, we wrapped up all the fine details as required by Yuengling’s senior lender,” commented Everett Dickson, President of Aureus. “We have already begun the process of working with our customers and vendors to transition them to the new company. While very little will actually change with the relationships, it is an important step in the acquisition to allow the new company to move forward. We also are in the process of changing the acquiring company’s name so the name being used going forward will be Yuengling’s Ice Cream. Dick Yuengling and his daughters have done an incredible job making a quality product and developing an unbelievable brand with the Yuengling Brewery. While Yuengling’s Ice Cream is separate from the brewery, in keeping the Yuengling’s name, we maintain our promise to the brewery to continue making a quality product as well.”

The company also recently completed the development of up to eight flavours of its High Protein / Lite Ice Cream. The new flavours are expected to be; Gourmet Vanilla, Gourmet Chocolate, Mint Chocolate Chip, Peanut Butter, Cookies & Cream, Salted Caramel and Gourmet Strawberry.

With approximately 90 calories per serving, Yuengling's High Protein / Lite Ice Cream is packed with protein but is low in fat, carbohydrates and sugar. "Unlike most high protein products on the market, our lite ice cream tastes like our super premium product," said David Yuengling, President of Yuengling's Ice Cream. "In fact, our Vanilla Lite Ice Cream won a gold medal and our Chocolate Lite Ice Cream was awarded a bronze medal in the LA International Dairy Competition."

"By utilizing a patented, nutrient delivery system we are able to deliver vitamins and amino acids without sacrificing taste," added Rob Bohorad, CFO of Yuengling's Ice Cream.

"In addition to new flavours for the Company's super premium line up in 2020, this is another great example of how the Aureus acquisition is helping Yuengling's execute on its development plan and move the company forward," continued Everett Dickson, President of Aureus.

Nightfood, Inc. (OTCQB: NGTF), a nationally expanding ice cream company is also looking for healthier alternatives having recently announced new sleep-friendly, plant-based Nightfood flavors will be presented to major supermarket chains during the 2019 summer/fall category review periods.

Nightfood, which won the prestigious ‘2019 Product of the Year Award’ in the ice cream category in a Kantar survey of over 40,000 consumers, was recently announced as a finalist in three categories at the upcoming World Dairy Innovation Awards.  Nightfood is a finalist for Best Ice Cream, Best Dairy Dessert, and Best New Brand.  Winners will be announced June 26th.

“I feel great about our chances to win a global award next week, and it’s an honor just to be nominated,” remarked Nightfood Founder, Sean Folkson.  “What we’re doing is a home run with consumers and has captivated the media, making Nightfood a must-add right now for supermarket decision makers.  We expect our plant-based products to be met with the same excitement and enthusiasm.”

Each of the new dairy-free flavors is oat-based and contains pea protein.  An oat base was chosen because oats naturally possess a sleep-friendly nutritional profile, featuring higher protein, higher fiber, a lower glycemic index and high natural melatonin content.

“Last year, our world-class R&D team helped us develop delicious and creamy sleep-friendly ice cream with a healthier nighttime profile. Now, we’re excited to have Nightfood options coming for dairy-free consumers,” commented Dr. Lauren Broch, one of Nightfood's scientific advisors.  Dr. Broch holds a Master of Science degree in Human Nutrition and is a practicing sleep and nutritional therapist.

The Company announced that it recently confirmed distribution in a new supermarket chain with over 250 locations, which will begin carrying Nightfood this summer.  Distribution has now been secured in four of the top 50 supermarket chains in the country, less than six months after manufacture of the first pint of Nightfood.

Management is targeting 10,000 points of coast-to-coast supermarket distribution to be in place by March 31, 2020.  In addition to the four new plant-based flavors, five new flavors of Nightfood dairy ice cream are also being finalized.

“In the next couple of months, we’re going to be meeting with many of the largest supermarket chains in the country,” added Nightfood’s Jim Christensen, former VP of US Ice Cream Sales at global ice cream giant, Unilever.  “Having additional flavors, along with dairy-free options will help us serve more consumers through more points of distribution, and more options on each shelf.” 

Healthier Ice cream isn’t all that’s moving towards a healthier future in the food industry as a recent article in U.S. News Health commented on current food trends for 2019, mentioning how, specifically CBD and plant based products are increasing in demand.

Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, recently announced its latest groundbreaking product, Beyond Beef®, will start to hit retail shelves nationwide later this week. Beyond Beef® is a new plant-based ground meat made without GMOs, soy or gluten and is designed to deliver the same versatility, meaty texture and juiciness of traditional ground beef.

Beyond Beef® is designed to not only look, cook and satisfy like traditional ground beef, but also to be versatile enough to be used in any ground beef recipe including tacos, dumplings, Bolognese, sliders and more. Made with a blend of pea, mung bean and rice proteins, Beyond Beef delivers the meaty taste and texture of beef, along with marbling intended to melt and tenderize for a satisfying and delicious at-home cooking experience.

“We are thrilled to introduce consumers to our latest product innovation, Beyond Beef®,” said Ethan Brown, Beyond Meat Founder and CEO. “This plant-based ground meat allows consumers to enjoy all the culinary versatility of ground beef, with the added nutritional and environmental benefits of eating plant-based meat.”

The unique blend of proteins makes Beyond Beef® a complete protein source with 20g of protein per 4oz serving. Other product highlights of Beyond Beef® include:

●      Marbling designed to melt and tenderize like traditional ground beef

●      Versatile enough to use in virtually any ground beef recipe, enabling consumers to enjoy the dishes they love, while enjoying the nutritional and environmental benefits of eating plant-based meat products

●      Neutral flavor and aroma profile to serve as a blank canvas for any seasoning or cuisine

●      25 percent less saturated fat than traditional ground beef; 6g per serving

●      Non-GMO Project Verified

●      No soy or gluten

●      OK Kosher Certified

Beyond Beef® will start arriving on store shelves later this week and is expected to be available nationwide at these participating retailers within a few weeks: Whole Foods Market, Acme, Albertsons/Vons/Pavilions – SoCal, Fred Meyer, Fresh Thyme, Giant Carlisle, Giant Eagle, Giant Landover, Harris Teeter, HEB, Heinen’s, Jewel-Osco, King Soopers, Kroger—Atlanta, Lowes, Mariano’s, QFC, Raley’s, Ralphs, Safeway—NorCal, Safeway/Albertsons—Phoenix, Safeway/Albertsons—Seattle, Sprouts, Stop & Shop, Wegmans, Weis Markets and Winco. 

Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a fully reporting lifestyle brand management Company specializing in high-quality health and wellness products, recently announced that the Company has entered into an agreement with How Sweet It Is Fudge and Candy Company of Holt, Michigan to eventually manufacture hemp-derived CBD-infused chocolates, hard candies, and baked goods for distribution throughout the United States once there is clarification from the FDA.

Under the agreement, Sweet Rock, LLC was organized with two members. Rocky Mountain High Brands will be the Managing Member with 51% ownership, which will allow the Company to consolidate the operations of the LLC into RMHB’s consolidated financial statements.  The other Member is Sweet Ally, Inc., with 49%.  Sweet Ally, Inc. is owned by Lenny Cusenza, who is also the owner of How Sweet It Is.

Sweet Rock will focus on creating, manufacturing and distributing hemp-derived CBD-infused chocolates, hard candies and baked goods.  These edibles will be manufactured with high quality chocolate which provides a healthy and enjoyable way to consume CBD.  Sweet Rock will enter into a manufacturing agreement with How Sweet It Is and will utilize their existing distribution channels established throughout the entire country.

Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, “This agreement represents an important milestone in our growth strategy and provides a solid foundation to grow market value for our shareholders. Our investment in Sweet Rock strengthens our competitiveness, complements our existing product line, and provides a significant additional revenue stream.”

Mr. Welch continued, “I am very thankful to Albert Vergilio, Managing Director of Carlin Group, for his introduction to Lenny Cusenza.  During our initial meeting, we identified that we both had a unique set of complementary skills.  We were both very comfortable working with each other. We exchanged ideas and identified opportunities that would help both of our companies grow. As a result, Sweet Rock was created.”

Mr. Welch concluded, “We plan to launch a line of mid-level hemp-derived CBD edibles and other products in Sweet Rock.  Our first product line is in confections and will be ready for market in four to six weeks.  Our team has developed and perfected the recipes for the initial offerings.  They are now focused on completing the branding and packaging.  Our first four product offerings will be four different varieties of hemp-derived CBD infused chocolate bars. Each bar will contain 120 mg of CBD and will be sectioned into twelve servings per bar, which means each serving will contain approximately 10 mg of CBD. Based on our test samples, each bar is incredibly delicious! The launch of this product line is already assured as Mr. Cusenza has already secured distribution in the Lipari Food system.”

Lenny Cusenza, President and Owner of How Sweet It Is stated, “The market for our hemp-derived CBD-infused chocolates will be very lucrative. According to Green Entrepreneur, on March 6 2019 chocolate edibles sales increased 166% between the first quarter of 2017 and 2018. By contrast, the CBD chocolate market grew 530% in the same time frame.  The growth of the CBD chocolate market in 2019 and beyond is projected to be much greater.”

The company did recently clarify on this press release distributed on June 25, 2019 regarding Sweet Rock, LLC and Lipari Foods.

Lenny Cusenza, President and Owner of How Sweet It Is and Member of Sweet Rock, LLC, stated, “Lipari does not currently distribute foods containing hemp-derived CBD. Instead, Lipari’s current policy regarding hemp is to distribute foods only containing hemp seed-derived ingredients.  With my long-term relationship with Lipari, we intend to present to them with a line of Sweet Rock confections infused with hemp seed oil for their consideration for distribution.”

Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc. and Managing Member of Sweet Rock, LLC, stated, “As the public is aware, federal and state laws are rapidly improving regarding clarification of hemp-derived products. The FDA is determining how to regulate hemp-derived products infused into foods. We anticipate the FDA to publish directives regarding the manufacturing, distribution and sale of hemp-derived products.”

As more consumers trend towards healthier food alternatives there is a massive market opportunity for new/emerging companies as well as established companies to adapt to these trends and innovate with new healthier products. From ice Cream to beef, the future of food is beyond what it used to be.

For investors following food and beverage stocks and LOHAS stocks, InvestorIdeas.com has created stock directories to research each sector. Learn more about our membership and directories: https://www.investorideas.com/membership/  

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#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces High-Grade Underground Sampling Results for the Babicanora Vein

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces High-Grade Underground Sampling Results for the Babicanora Vein:

·       3.9 Metres at 9,310 gpt AgEq

·       3.5 Metres at 3,444 gpt AgEq

·       1.8 Metres at 7,537 gpt AgEq

Vancouver, British Columbia - July 10, 2019 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to provide the first underground sampling results for the Babicanora Vein at its Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. On June 20, 2019, the Company intersected the Babicanora Vein in the high-grade Area 51 zone with the newly constructed Santa Rosa Decline and proceeded with development (3.5 metres by 3.5 metres drift) along the strike of the vein for approximately 35 metres (see attached Figures). During this development drifting, a total of 133 channel samples were collected from blast faces, analyzed, and compiled to determine the estimated average vein width and grade (see table below). Compilation shows an average vein width in this area of 2.6 metres, which is comparable to the resource block model for this area. Compilation of underground ("U/G or u/g") sample results within the vein shows an uncut undiluted weighted average grade of 13.70 grams per tonne ("gpt") gold ("Au") and 1,107.6 gpt silver ("Ag"), or 2,132 gpt silver equivalent ("AgEq", defined in table below). For comparison purposes, the estimated grade from the current resource block model for the mined area (undiluted but with capping applied) is 3.60 gpt Au and 592 gpt Ag, or 863 gpt AgEq. While the difference between the results is significant, the sampling covers a small part of the resource for the Babicanora Vein and should not be considered representative. For additional information, please refer to "Technical Report and Preliminary Economic Assessment for the Las Chispas Property, Sonora, Mexico" ("PEA Technical Report") with an effective date May 15, 2019 and available on SEDAR at www.sedar.com.

Read this in full at https://www.investorideas.com/CO/SILV/news/2019/07101BabicanoraVein.asp

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "We are pleased with these initial positive underground high-grade results but caution that they are preliminary in nature and should not be considered representative of an increase in the overall Babicanora Vein resource estimation. That being said, these results represent a significant first step toward understanding the grade variability and potential upside of the deposit as we continue to de-risk the project. Positive results are also supported by other work completed to date on drill hole comparisons to underground sample results, assaying methodology, specifically screen metallics as noted in the recent PEA Technical Report, and metallurgical test-work where comparative grade increases are noted. The Company plans to continue its efforts to understand the grade behavior through additional u/g face sampling, geostatistical analysis, ongoing metallurgical testing to determine how best to apply representative grades to resource estimation for the ongoing Feasibility Study. We are hopeful that the information generated from this work could lead to positive adjustments to grade estimation. The Company plans to continue in-vein drifting as part of a larger effort to complete approximately 1,500 to 2,000 metres of total u/g development for the remainder of 2019."

The most significant result for this release is sample number 194-4 NW 1.5, which channel sampled 3.9 metres (estimated true width) grading 62.66 gpt Au and 4,610.2 gpt Ag, or 9,310 gpt AgEq. Also noteworthy are samples 195-5 SE 1.5 at 3.5 metres grading 16.69 gpt Au and 2,192.0 gpt Ag, or 3,444 gpt AgEq, and 201-11 NW 0.5 at 1.8 metres grading 53.18 gpt Au and 3,548.8 gpt Ag, or 7,537 gpt AgEq. The following table for this release summarizes the most significant continuous channel samples (uncut, undiluted) collected 0.5 and 1.5 metres above the mined floor level;

Babicanora Vein, Area 51 zone, Underground Channel Sample Results:

Notes: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with no minimum width.

(1) 194-4 NW 1.5 means 194-4 blast number, northwest drift, 1.5 metres above mined floor level. SE is southeast drift, 0.5 metres above mined floor level.
(2) AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

The underground intersection by the decline of the Babicanora Vein in the Area 51 zone has accelerated our understanding of the mineralization in this vein. The vein appears to have at least four phases of mineralization including: 1) Quartz Veining with coarse argentite (silver sulfide), electrum and pyrargyrite; 2) Quartz Breccia with lesser argentite; 3) Shear Zone with supergene enrichment including cerargyrite (silver oxide), clays, quartz vein fragments and calcite; and 4) adjacent Stockwork Quartz Veining, and calcite mineralization. The highest grades in the vein are found within Quartz Veining and Shear Zone mineralization. Noteworthy is the Shear Zone, which had low recovery in core drilling and may be part of the positive discrepancy reflected in higher grades from the initial u/g sampling results. Further work is required to determine the impact of Shear Zone on the overall grade of the Babicanora Vein. The Company intends to re-drill select known low core recovery areas with triple tube drilling to increase core recovery of clay-rich mineralization and help determine impact on grade estimation in the Babicanora Vein.

The Company continues its exploration program with 14 drills operating on site today. Drilling is focused on expanding mineralization and improving the resource confidence through in-fill drilling to reclassify resources as reserves for the Feasibility Study. An additional 50,000 metres of infill and expansion drilling are planned for the remainder of 2019. Other work includes the Feasibility Study expected in H1, 2020, ongoing development of the Babicanora Vein in Area 51 zone, stockpiling of high-grade material, an extensive metallurgical test program, geotechnical work and permitting for project development.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration and drilling programs of the Las Chispas Property, including development of the Babicanora Vein in Area 51 zone, metallurgical test, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

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