Mr. Arturo Elizondo reports

SANTACRUZ SILVER ANNOUNCES INCREASE TO PREVIOUS BOUGHT DEAL COMMON SHARE FINANCING

Santacruz Silver Mining Ltd., in connection with its previously announced short-form offering led by Canaccord Genuity Corp. and including Raymond James Ltd., has increased the underwritten offering from $8.75-million to $10.75-million. The company also has granted the underwriters an option to purchase up to 1,312,500 of additional common shares of Santacruz Silver to cover overallocations, if any, exercisable for a period of up to 30 days after the closing date. If the overallotment option is fully exercised, the total gross proceeds from the offering will be $12,062,500.

The proceeds from the offering are expected to be used by the company for exploration and development of its projects in Mexico, and for general working capital and corporate purposes.

Closing of the offering is anticipated to occur on or before March 11, 2014, and is subject to certain conditions including, but not limited to, the completion of satisfactory due diligence by the underwriters and the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

We seek Safe Harbor.