Mr. Jorge Ganoza reports

FORTUNA ANNOUNCES CHANGES IN MANAGEMENT TEAM

Fortuna Silver Mines Inc. has made changes in its management team effective Sept. 1, 2021.

Cesar E. Velasco, country head, Peru, has been appointed chief operating officer, Latin America. Mr. Velasco has been with Fortuna since 2018 and is the designated leader for the Fortuna-Roxgold integration. A skilled executive with 23 years of global experience in the mining and manufacturing industry, Mr. Velasco has held senior management positions in large private and public multinational companies throughout Latin America, including Exsa, Enaex-Exsa JV and Dyno Nobel Latin America. Mr. Velasco serves as a member of the board of the Sociedad Nacional de Mineria and Petroleo y Energia since 2018 and of the International Society of Explosives Engineers since 2019.

Manuel Ruiz-Conejo, vice-president of operations, will become senior vice-president, mining. Mr. Ruiz-Conejo has been with Fortuna since 2008 and is a seasoned mining engineer and executive with 34 years of industry experience.

Carlos Manrique, director of innovation and operational excellence, has been appointed vice-president, operations, Latin America. Mr. Manrique has been with Fortuna since 2010 and has held senior management positions at each of the company's three mines in the region. Mr. Manrique's mining career spans 21 years and includes previously holding operational positions in Volcan Compania Minera and Pan American Silver.

Jorge A. Ganoza, president and chief executive officer, commented, "The announced changes in management are aligned with the organizational demands of our growing business in Latin America and the integration of Roxgold in West Africa." Mr. Ganoza continued: "I am pleased the three positions have been filled by promotions from within our organization. The three executives are not only results-oriented professionals, but also leaders who will continue driving the vision and values of the company."

About Fortuna Silver Mines Inc.

Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru and an advanced development project in Ivory Coast. Sustainability is integral to all the company's operations and relationships. The company produces gold and silver and generate shared value over the long term for the company's shareholders and stakeholders through efficient production, environmental protection and social responsibility.