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FVI.TO ·

Early Warning Report

Corporate Actions

Early Warning Report

Vancouver, September 18, 2018: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces

that on September 17, 2018, it acquired for a purchase price of C$356,000, direct ownership of 4,746,667

common shares (the “ Shares”) of Prospero Silver Corp. (“Prospero”), of 510 West Georgia Street, Suite

1800, Vancouver, BC V6B 0M3, at a price of C$0.075 per Share.

Immediately following this transaction, Fortuna owned 15,460,951 common shares of Prospero,

representing 26.90% of the issued and outstanding common shares of Prospero. Immediately prior to the

transaction, Fortuna owned 10,714,284 common shares.

The shares were acquired by Fortuna for investment purposes, and depending on market and other

conditions, it may from time to time in the future increase or decrease its ownership, control or direction

over securities of Prospero through market transactions, private agreements, or otherwise. Fortuna has

filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may be obtained

by contacting Sally Whittall, the Corporate Secretary of Fortuna, at (604) 484-4085.

About Fortuna Silver Mines Inc.

Fortuna is a growth oriented, precious metal producer focused on mining opportunitie s in Latin America.

The Company’s primary assets are the Caylloma silver mine in southern Peru, the San Jose silver -gold

mine in Mexico and the Lindero gold project in Argentina. The Company is selectively pursuing

acquisition opportunities throughout the Americas and in select other areas.

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

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

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"safe harbor" provisions 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. Often, but not always,

these Forward looking Statements can be i dentified 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 t o be materially different from any results,

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

factors include, among others, changes in the Company’s plans for its mines and mineral properties; 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 acti ve; labor relations 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 those described in Forward looking Statements, there may be other factors that cause actions,

events or results to differ from those anticipated, estimated or intended.

Fortuna believes that the assumptions and expectations reflected in the Forward looking Statements in this news

release are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward

looking Statements should not be unduly relied upon. These Forward looking Statements speak only as of the date of

this news release, and Fortuna will not necessarily update these statements unless required to do so by securities

laws.