CONAGUA resolution confirms no remediation required as a result of the overflow of contingency pond at the San Jose Mine, Mexico in October 2018

CONAGUA resolution confirms no remediation required as a result of the overflow of

contingency pond at the San Jose Mine, Mexico in October 2018

Vancouver, March 28, 2019-- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report that

the Mexican National Water Commission (C ONAGUA) has completed its investigation and issued a

resolution into the overflow of the contingency pond at the dry stack tailings facility at the San Jose

Mine on October 8, 2018, which was caused by heavy sea sonal rains (refer to Fortuna news release

dated October 11, 2018 ). CONAGUA’s resolution confirms that no remediation of the nearby Coyote

Creek is required. However, the Company received a fine of approximately US$42,000 related to the

incident.

The Company has since installed additional pumping equipment, increased its monitoring system and

reinforced the pipes and drainage channels from the dry stack facility to the contingency pond in order

to mitigate the risk of an overflow in the event of abnormally high rainfall in the future.

The Company reiterates its commitment to safeguarding the wellbeing of the environment, local

communities and our workforce.

About Fortuna Silver Mines Inc.

Fortuna is a growth oriented, precious metals producer focused on mining opportunities in Latin

America. Our primary assets are the Caylloma silver Mine in southern Peru, the San Jose silver- gold

Mine in Mexico and the Lindero gold Project, currently under construction, in Argentina. The company is

selectively pursuing acquisition opportunities throughout the Americas and in select other areas. For

more information, please visit our website at www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge A. Ganoza

President, CEO and Director

Fortuna Silver Mines Inc.

Trading symbols: NYSE: FSM | TSX: FVI

Investor Relations:

Carlos Baca

T (Peru): +51.1.616.6060, ext. 0

-2-

Forward looking Statements

This news release contains forward looking statements which constitute “forward looking information” within the

meaning of applicable Canadian securities legislation and “forward looking statements” within the meaning of the

“safe harbor” provi sions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward looking

Statements”). All statements included herein, other than statements of historical fact, are Forward looking

Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual

events or results to differ materially from those reflected in the Forward looking Statements. The Forward looking

Statements in this news release may include, without limitation, statements about the Company’s plans for its

mines and mineral properties; the Company’s business strategy, plans and outlook; the merit of the Company’s

mines and mineral properties; mineral resource and reserve estimates; timelines; the future financial or operating

performance of the Company; expenditures; approvals and other matters. Often, but not always, these Forward

looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”,

“assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “ containing”,

“remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions,

including negative variations.

Forward looking Statements involve known and unknown risks, uncertainties and other factors which may cause

the actual results, performance or achievements of the Company to be materially different from any results,

performance or achievements expressed or implied by the Forward looking Statement s. Such uncertainties and

factors include, among others, changes in general economic conditions and financial markets; changes in prices for

silver and other metals; technological and operational hazards in Fortuna’s mining and mine development

activities; risks inherent in mineral exploration; uncertainties inherent in the estimation of mineral reserves, mineral

resources, and metal recoveries; governmental and other approvals; political unrest or instability in countries where

Fortuna is active; labor rel ations issues; as well as those factors discussed under “Risk Factors” in the Company's

Annual Information Form. Although the Company has attempted to identify important factors that could cause

actual actions, events or results to differ materially from t hose described in Forward looking Statements, there may

be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of

management, including but not limited to expectations regarding mine production costs; expected trends in

mineral prices and currency exchange rates; the accuracy of the Company’s current mineral resource and reserve

estimates; that the Company’s activities will be in accordance with the Company’s public statements and stated

goals; that there will be no material adverse change affecting the Company or its properties; that all required

approvals will be obtained; that there will be no significant disruptions affecting operations and such other

assumptions as set out herein. Forward looking Statements are made as of the date hereof and the Company

disclaims any obligation to update any Forward looking Statements, whether as a result o f new information, future

events or results or otherwise, except as required by law. There can be no assurance that Forward looking

Statements will prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, investors should not place undue reliance on Forward looking

Statements.