Thursday, February 14, 2019

#CryptoCorner: JP Morgan Launches “JPM Coin”, SEC Withdraws #Bitcoin #ETF Proposal, Baidu Launches #Blockchain Engine





#CryptoCorner: JP Morgan Launches “JPM Coin”, SEC Withdraws #Bitcoin #ETF Proposal, Baidu Launches #Blockchain Engine

February 14th - #Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet  App @GenesisBlockch sponsor today’s podcast

Point Roberts, WA, Delta, BC, February 14, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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February 14 Crypto Corner

JP Morgan Launches “JPM Coin”, SEC Withdraws Bitcoin ETF Proposal, Baidu Launches Blockchain Engine, EEA Opens Chinese Office and Indonesia Imposes Daunting Regulation On Crypto Space
Stocks discussed: (NYSE:JPM) (NasdaqGS:BIDU)

J. P. Morgan (NYSE:JPM) is launching a digital token known as the “JPM Coin”, which will be used to settle payments between clients, according to a report from CNBC. The move comes as part of the bank’s transition to blockchain technology from wire transfers. Umar Farooq, head of J. P. Morgan’s blockchain projects, commented:

"So anything that currently exists in the world, as that moves onto the blockchain, this would be the payment leg for that transaction. The applications are frankly quite endless; anything where you have a distributed ledger which involves corporations or institutions can use this."

The U.S. Securities and Exchange Commission (SEC) has withdrawn a proposed ETF submitted by Reality Shares ETF Trust, according to an official letter. The ETF application was filed on February 11, 2019 and outlined in its Principal Investment Strategy “bitcoin futures contracts of various maturities listed for trading on U.S. exchanges that provide exposure to the price movements of bitcoin”.

Chinese tech titan Baidu (NasdaqGS:BIDU) has launched the decentralized application (dApp) development system, Baidu Blockchain Engine, according to an announcement from Baidu Cloud. A loose translation of the announcement reads:

“The Baidu blockchain engine (BBE) uses the pluggable blockchain framework to provide developers with a complete multi-chain, middle-tier and various contract templates, dApp templates and other services to make the development of blockchain business systems faster and simpler.”

Cointelegraph reports that Enterprise Ethereum Alliance (EEA) has opened a regional office in China. The EEA is a “member-driven standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide”. The article reads:

Weijia Zhang, vice president of engineering at blockchain interoperability startup Wanchain, has been appointed as the head for the new regional office. Zhang will reportedly be responsible “for supporting the advancement and adoption of EEA’s standards by taking part in local hackathons, workshops, training sessions, and conferences.”

The Jakarta Post reports that Indonesia has issued additional regulations on the crypto space which impact the trading of cryptos and bitcoin futures. For futures, the new legislation requires a minimum deposit of $5.7 million, as well as a minimum paid-up capital of 100 billion rupiah ($7.13 million). And as for exchanges, a minimum capital of 1 trillion rupiah ($70.9 million) is required, with a minimum paid-up capital of 800 billion rupiah ($56.7 million). Reuters reports that crypto trader are concerned about the prohibitively high prices.


Sam Mowers, Investorideas

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Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/
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Genesis Exchange and Wallet App by Genesis Blockchain Technologies ( GBT)
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GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at  http://www.mygenesis.io




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Investorideas.com - #EU Parliament and WHO Could Blow the Lid off The #Cannabis Sector: Who's Ready for the Next Phase? (NYSE: $ACB) (TSX: $ACB.TO) (OTC: $HIPH) (NYSE: $APHA) (TSX: $APHA.TO) (TSXV: $RIV.V)

Investorideas.com - #EU Parliament and WHO Could Blow the Lid off The #Cannabis Sector: Who's Ready for the Next Phase? (NYSE: $ACB) (TSX: $ACB.TO) (OTC: $HIPH) (NYSE: $APHA) (TSX: $APHA.TO) (TSXV: $RIV.V)



#EU Parliament and WHO Could Blow the Lid off The #Cannabis Sector: Who's Ready for the Next Phase? (NYSE: $ACB) (TSX: $ACB.TO) (OTC: $HIPH) (NYSE: $APHA) (TSX: $APHA.TO) (TSXV: $RIV.V)


Point Roberts, WA and Delta, BC - February 14, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how recent developments in the EU Parliament as well as WHO (World Health Organization) could have massive impacts on the cannabis market and which companies are preparing for this next step in the radically expanding sector.
In breaking news yesterday, the European Parliament passed a resolution calling on the European Commission and EU countries to provide a legal definition and draw a clear distinction between cannabis-based medicines approved by regulatory bodies, MMJ not supported by clinical trials, and other applications of the plant.
The current patchwork of regulations in Europe has been seen as one of the main challenges for firms trying to expand into different markets and this resolution "emphasizes the need for the standardization and unification of products containing cannabis-based medicines."
The resolution calls on the commission and national authorities "to address the regulatory, financial and cultural barriers" that have been hindering scientific research and "stresses the importance of close cooperation and coordination with the World Health Organization," who recently recommended the United Nations Commission on Narcotic Drugs to reschedule cannabis.
This will come as good news to Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB.TO), who has already entered the European market having announced earlier this month its first commercial export of cannabis oil to the United Kingdom (UK), making it one of the first Canadian companies to commercially supply cannabis-based medicines into the UK under the new legal framework.
American Premium Water Corporation (OTC:HIPH) is also looking to the EU, having announced that it has established a business development team based in the UK and Spain to pursue distribution deals and strategic partnerships for the Company's LALPINA brand across the Continent. The team will be led by Tanya Gullick, who will hold the title of Managing Director, Business Development, UK & Europe, with Paolo Toffolo as Director of Sales & Marketing for UK & Europe.
American Premium CEO, Ryan Fishoff, commented, "I am thrilled to announce the Company's entry into the European continent. This market has been largely ignored by a lot of our counterparts but collectively is as large as the US and Canadian hemp markets. This will be a huge potential market for the Company once we export our THC infused beverage that complies with all federal and international laws. It's an exciting time and I look forward to going there to meet the entire team and work on the strategy for the region."
At the start of the month, Aphria Inc. (TSX: APHA.TO) (NYSE: APHA) completed its first transfer of plant cuttings from four of the Company's cannabis strains to Denmark-based Schroll Medical as part of the Company's previously announced Strategic Partnership with Schroll. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency.
"We are pleased to introduce the first four Aphria strains to be produced in Europe, through our strategic alliance with Schroll," said Hendrik Knopp, Managing Director of Aphria Germany, who is overseeing the Partnership on behalf of Aphria and Schroll. "This marks another important milestone for Aphria as we extend our leadership position in the European market, and it gives me joy to be able to say today that we literally have a good thing growing in Europe."
Canopy Rivers Inc. (TSXV:RIV) has also been investing in the EU, having announced a $9.4 million equity investment in its portfolio company Canapar Corp., the Canadian parent corporation of Canapar SrL, an Italy-based organic hemp production and processing platform. The investment aligned with the Company's global-focused growth strategy and is expected to provide the Company with the opportunity to capitalize on the rapidly expanding European CBD market. 
These recent recommendations from the EU and WHO could blow the lid off the cannabis sector and allow for much more freedom with regards to trade, transportation and research, but with expansion comes new challenges and companies like HIPH and Aurora, who have already begun investing in this area, are likely to have a major advantage moving forward.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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Investorideas.com - CBD Companies Aim Higher with SCO2 Extraction Methods; (CSE $SNN.C) (OTC: $SNNVF) (OTC: $DVLP) (TSXV: $LABS.V) (OTC: $MLCPF) (OTC: $POTN)

Investorideas.com - CBD Companies Aim Higher with SCO2 Extraction Methods; (CSE $SNN.C) (OTC: $SNNVF) (OTC: $DVLP) (TSXV: $LABS.V) (OTC: $MLCPF) (OTC: $POTN)



CBD Companies Aim Higher with SCO2 Extraction Methods; (CSE $SNN.C) (OTC: $SNNVF) (OTC: $DVLP) (TSXV: $LABS.V) (OTC: $MLCPF) (OTC: $POTN)


Point Roberts, WA and Delta, BC - February 14, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the growing demand for higher extraction outputs and how the industry is responding.
CBD extraction demand is blowing up right now as companies look to put CBD products on shelves and there is a growing demand for higher output yields from extractors.
One method gaining traction is Supercritical CO2 extraction, which has been around for decades in a variety of other industries before cannabis; used in coffee, tea, vanilla and perfumery.
Sunniva Inc (CSE:SNN) (OTC: SNNVF), a company focused on producing medical cannabis and converting trim to extracted products, such as cannabis oil, is one such company focused on SCO2 Extraction.
Mylad Piroozbakht, manager of extraction and formulation at Sunniva commented in recent news, "The main benefit of SCO2 is that it enables the extraction of more total cannabinoids along with other plant components like fats and waxes. This method works well for products that require further post-processing like distillate oil."
Golden Developing Solutions, Inc. (OTC: DVLP) announced significant progress toward the establishment of its new high-capacity CBD extraction and production facility in Colorado, including an approaching equipment order for a best-in-class supercritical CO2 extraction system (rather than an ethanol-based system), to drive the highest purity levels in end production.
"We are committed to driving the bus, not just riding on it," noted DVLP CEO, Stavros Triant. "We have the backing, the experience, and the operational know-how to assume a leadership position in the CBD extraction and production space. And we want to build this facility from the ground up to be the best of breed."
"We have already put in place the pieces to verticalize the CBD boom in-house," continued Mr. Triant. "We are about to launch our WheresCBD.com platform, which builds off our industry-leading WheresWeed.com platform. That will drive a network effect for the distribution footprint, which is the number one issue for CBD producers. We will already have that piece of the puzzle in place by the time we are churning out top-tier 99% pure CBD from our facility.
Companies like MediPharm Labs Corp. (TSXV:LABS.V) (OTC:MLCPF) are good indicators of the market demand for extract products, having recently announced that its wholly-owned subsidiary, MediPharm Labs Inc., has entered into a significant sales agreement with a leading Licensed Producer to supply approximately $35 million of private label purified cannabis oil concentrates. The Licensed Producer will purchase $7.66 million of cannabis oil concentrate from MediPharm Labs’ inventory in February 2019. In addition, the Licensed Producer will purchase a minimum of $27 million of cannabis oil concentrate over a 12-month period commencing March 2019, with an option to purchase an additional $13.5 million over the same period, bringing the total potential aggregate value of the agreement to over $48 million to February 2020.
Diamond CBD Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC: POTN) and a leader in innovative CBD products for the wellness market, is using the influential Tobacco Plus Expo (TPE) as a platform to expand the distribution of its popular $19.99 "CBD Sales Center."
Over 300 retailers have placed a CBD Sales Center in their location over the last two months alone. The displays measuring 16x21x9 can be seen at Booth #9076 and feature Diamond CBD's best-selling edibles and oils, including CBD Honey Pots, Vape Pods, as well as ten different varieties of Diamond CBD Gummies.
"As we all know, success in business in no small part is not just about having great products but also about being able to effectively showcase your products, and rapidly build their distribution to the right audiences. These CBD Sales Centers are a great tool to do just that, and bring our products to the consumer," said Kevin Hagen, CEO of Diamond CBD parent company PotNetwork Holdings, Inc.
There is no shortage of news on the "booming CBD sector" going into 2019, but with increased demand, technology must also take a large step forward and it seems Supercritical CO2 Extraction is one method leading the way.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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This news is published on the Investorideas.com Newswire – News that Inspires big ideas Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this news article featuring  DVLP  is a paid for news release on Investorideas.com – third party., Learn more about costs and our  services https://www.investorideas.com/News-Upload/
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Investorideas.com - Walmart (NYSE: $WMT) Reducing #Healthcare costs for Customers & Increasing Sales for Healthcare Stocks; (NYSE: $DGX) (OTC: $INND) (OTC: $RGBLY) (NYSE: $ANTM)

Investorideas.com - Walmart (NYSE: $WMT) Reducing #Healthcare costs for Customers & Increasing Sales for Healthcare Stocks; (NYSE: $DGX) (OTC: $INND) (OTC: $RGBLY) (NYSE: $ANTM)



Walmart (NYSE: $WMT) Reducing #Healthcare costs for Customers & Increasing Sales for Healthcare Stocks; (NYSE: $DGX) (OTC: $INND) (OTC: $RGBLY) (NYSE: $ANTM)


Point Roberts, WA and Delta, BC - February 14, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering technology and healthcare stocks releases a snapshot looking at increased quarterly sales for the sector thanks, in no small part, to Walmart (NYSE: WMT).
CNBC has reported on how Walmart is looking for ways to reduce health-care costs for its customers, and its employees. It's goal to take a leading role in healthcare is now spreading and is having an impact on the sector overall.
Multi-year deals with Walmart are impacting stocks in the sector, ranging from big companies like
CVS Health Corporation (NYSE: CVS)reporting in mid-January, "Walmart to Continue Participating in CVS Caremark Commercial and Managed Medicaid Retail Pharmacy Networks," to smaller vendors making inroads with the retail giant.
Directly benefiting from its relationship with Walmart, InnerScope Hearing Technologies Inc. (OTC:INND), a manufacturer and Direct-to-Consumer distributor/retailer of FDA-Registered Hearing Aids, announced yesterday that its quarterly sales rose 281% in the quarter ending December 31, 2018 and that this increase reflects the revenue compared to Q3.
"Today's announcement of our record-setting sales growth is in part from InnerScope's vendor relationship with Walmart.com and the development of multiple Direct-to-Consumer hearing aid sales channels, including the launching of several eCommerce DTC websites, as well as opening several corporate owned audiological hearing aid retail clinics," said Matthew Moore, CEO InnerScope Hearing Technologies. "Our national footprint has grown in the last quarter, in part by securing our manufacturing agreement with Zounds Hearing Inc. which played a major role for our record-setting sales by offering high quality patented hearing aids at 50% to 70% less than any of our competitors," continued Mr. Moore.
Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services partnered with Walmart as early as 2017. The Company announced that it will report fourth quarter and full year 2018 results on Thursday, February 14, 2019, before the market opens.
Available in 48 states to consumers, Quest Diagnostics has long been a leader in the movement for consumer empowerment in healthcare. The company further expanded convenient access to testing services through its collaborations with Safeway and Walmart, and said they expected to have well over 200 patient service centers in retail store locations by the end of 2018.
Anthem, Inc., (NYSE: ANTM) one of the nation's leading health benefits companies is also in on the gains. The Anthem-Walmart program, launched in January 2019, enables consumers who are enrolled in Anthem's affiliated Medicare Advantage (MA) plans to use OTC plan allowances to purchase OTC medications and health-related items, such as first aid supplies, support braces, and pain relievers at Walmart's 4,700 stores and on Walmart.com.
Reckitt Benckiser Group LLC (OTC:RBGLY), a global leading consumer health and hygiene company also announced a partnership with Walmart on a groundbreaking campaign that aims to provide better healthcare access for consumers. Together, the companies have collaborated on a "telehealth" initiative with Doctor on Demand, the nation's leading virtual care provider, to make seeing doctors easier than ever before by easing the cost barrier and providing consumers with unprecedented access to high-quality, board-certified physicians on mobile phones, tablets or computers.
Another smaller vendor hoping to benefit from Walmart is Relevium Technologies Inc. (TSX.V:RLV) ( OTCQB:RLLVF). In December 2018, the company announced they had launched 30 new exclusive products under its Bioganix® Gold Brand in Walmart.com
Continued: On October 11, 2018, the Company announced it was targeting to launch 30 new products under its Bioganix® Gold Brand, which sell exclusively in Walmart.com. The Company has launched 14 out of the 30 new products and the balance is currently under the normal compliance review process and are expected to be live on Walmart.com and available to Walmart Shoppers over the next two weeks.
Walmart has given a great example of how large-scale retail companies can help reshape the healthcare landscape and this may lead other company giants like Amazon into the sector as well.
One thing these recent partnerships with Amazon have shown, is the mutual benefits that can come from such deals for the customer, employee and company financials. Also, as recently reported, Microsoft now has its sights set on battling Amazon in the lucrative health care market.
For the smaller vendors like InnerScope Hearing Technologies Inc. (OTC:INND), it's great news that the giants are all stepping in.
For investors following medical technology and healthcare stocks, Investor Ideas has created a directory of biotech and medical technology stocks
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
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Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this news article featuring InnerScope Hearing Technologies is a paid for service on Investorideas.com (third party). Learn more about costs and our services https://www.investorideas.com/News-Upload/
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Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Babi Sur Vein High-Grade Discovery at Las Chispas

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Babi Sur Vein High-Grade Discovery at Las Chispas



#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Babi Sur Vein High-Grade Discovery at Las Chispas

  • 2.2 Metres Grading 3,556 gpt AgEq
  • 2.2 Metres Grading 556 gpt AgEq
  • 1.5 Metres Grading 606 gpt AgEq
SilverCrest (TSXV: SIL.V)


Vancouver, British Columbia - February 14, 2019 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the drill results and discovery of the Babi Sur Vein on the Las Chispas Property (the "Property") located in Sonora, Mexico. Recent drilling of the Babi Sur Vein has intersected high-grade silver-gold mineralization along a strike length of approximately 1.5 kilometres (see attached Figures). The Babi Sur Vein is parallel to the Babicanora Vein and approximately 300 metres apart. The Babi Sur Vein will be part of the upcoming updated resource, which will include at least nine (9) of the 30 veins identified to date in the district. The Company's current resource estimate includes only eight of the 30 veins (see "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico", effective September 13, 2018).
N. Eric Fier, CPG, P.Eng, and CEO, remarked, "The Babi Sur Vein is now the sixth high-grade vein discovery in the Babicanora area, each parallel to the Babicanora Vein with an average spacing of 150 metres between each. This discovery provides further understanding of our evolving geological model, which we are using to successfully discover additional high-grade mineralization in the district. Within the approximate 1.5 kilometre strike length of the Babi Sur Vein, the high-grade mineralized footprint appears to be related to three structurally-controlled shoots that are similar to other adjacent veins; i.e. Babicanora Norte. We currently have 12 drill rigs working onsite with five at the Babi Sur Vein for resource expansion and seven at the Babicanora Vein for infill drilling. We will continue drilling at the Babi Sur Vein to better define the high-grade footprint, as well as plan for drilling four more untested veins in the Babicanora area."
The most significant result for this release was returned from Hole BAS18-31, which intersected 2.2 metres (true width) grading 18.78 grams per tonne ("gpt") gold and 2,147.3 gpt silver, or 3,556 gpt silver equivalent ("AgEq", based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average recoveries of 86.6% silver and 98.9% gold). Also noteworthy is Hole BAS18-07 at 2.2 metres grading 4.63 gpt gold and 208.8 gpt silver, or 556 gpt AgEq. The following table summarizes the most significant drill intercepts for this news release (uncut, undiluted).
Babi Sur Vein Significant Drill Intercepts;
Note: all numbers are rounded. Hole BAS18-06 was extended to depth and renamed 06A.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
**True widths are 80 to 100% of drilled widths.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.
A total of 39 core holes into the Babi Sur Vein have been completed with assays to date. Drill holes BAS18-01 to 05, 08, 12, 13, 15, 17, 18, 20 to 22, 24, 25, 28, 30 and 32, and BAS19-34 to 36 and 38 intercepted quartz veining/stockwork and anomalous mineralization, but are below the Company's 150 gpt AgEq cutoff. Several holes intercepted a hanging wall vein in the Babi Sur Vein as listed below.
The high-grade footprint of the Babi Sur Vein has been drill intercepted with 14 core holes over approximately 1.5 kilometre strike length (see attached Figures). Of the 14 intercepts with an average true width of 1.4 metres, six are greater than 400 gpt AgEq (400 to 3,555 gpt AgEq).
Not included in the above tables are the following most significant drill intercepts of a hanging wall vein located adjacent to or cross cutting the Babi Sur Vein:
Note: all numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
**True widths are 80 to 100% of drilled widths.

The above intercepts are in a hangingwall vein immediately adjacent and/or intersecting the Babi Sur Vein and will be incorporated into the upcoming resource as part of Babi Sur.
The Company continues its Phase III exploration program with 12 drills (increased from nine since January 2019) on site, all on surface. Approximately 30,000 to 40,000 additional metres of drilling are budgeted for H1, 2019. For the remaining part of H1, the drills will be divided between further expansion drilling on numerous veins and ongoing infill drilling for re-categorizing the resource. The Company plans to provide an updated resource estimate in Q1, 2019 as planned, and a Preliminary Economic Assessment using the new resource within 30 to 60 days after the updated resource announcement. Other ongoing site work includes: continued preparation for the start of construction of the planned Area 51 decline in Q1, 2019, testing large-diameter wells for site water, and permitting for various planned work.
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.
Figure 1: Long Section (Inclined) of Babi Sur Vein Las Chispas Property, Looking Southwest

Figure 2: Las Chispas District with Babicanora Plan Map, February 2019

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 metal 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, rehabilitation and drilling programs of the Las Chispas Property, including drilling test water wells, permitting for various work, and optimizing and updating the Company's resource model; 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 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: Fred Cooper, Investor Relations
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.

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