Mr. Arturo Prestamo reports

SANTACRUZ SILVER RECEIVES CONDITIONAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE

Santacruz Silver Mining Ltd. has received conditional approval from the Toronto Stock Exchange to list its common shares on the TSX, subject to the satisfaction of customary TSX listing requirements.

Arturo Prestamo, executive chairman and chief executive officer of Santacruz, commented: "We are very pleased to have received conditional approval to graduate to the Toronto Stock Exchange, which represents an important milestone for Santacruz. This development reflects the progress we have made in strengthening the company and represents a significant step forward in our evolution as a growing, diversified Latin American silver and base metals producer."

Mr. Prestamo continued: "The TSX is one of the world's premier mining exchanges, and, upon completion of the graduation, we believe the listing will enhance Santacruz's visibility and profile within the global investment community while providing our shareholders with access to one of the world's deepest and most sophisticated capital markets. We are proud of the progress our team has made in building Santacruz into a stronger, cash-generative and increasingly diversified mining company, and we look forward to continuing to create long-term value for our shareholders. We are working diligently to satisfy the remaining conditions and requirements of the TSX and look forward to completing this process and commencing trading on the Toronto Stock Exchange."

The conditional approval is subject to the company satisfying customary TSX requirements, including the receipt of final documentation. Upon receipt of final approval, the company's common shares will be voluntarily delisted from the TSX Venture Exchange and commence trading on the TSX under the existing symbol SCZ. Shareholders will not be required to take any action in connection with the graduation to the TSX.

The company will issue a news release once the TSX has confirmed the date on which Santacruz's common shares will commence trading.

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration and development of mineral properties across Latin America. In Bolivia, the company operates the Bolivar, Porco and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapan mine.

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