Mr. Arturo Prestamo Elizondo reports

SANTACRUZ SILVER ANNOUNCES MANAGEMENT CHANGE

Effective immediately, Carlos Silva Ramos is stepping down from his role as chief executive officer and director of Santacruz Silver Mining Ltd., due to personal reasons. Executive chairman Arturo Prestamo Elizondo has assumed the role of interim CEO while the company conducts its search for a new CEO.

Mr. Prestamo Elizondo commented: "On behalf of the board, I would like to thank Carlos for his years of service to Santacruz. He has been an integral part of the company's growth into a multiasset producer. We wish him all the best."

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America. The Bolivian operations comprise the Bolivar, Porco and Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and the San Lucas ore sourcing and trading business are also in Bolivia. The Zimapan mine is in Mexico.

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