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FVI.TO ·

Fortuna announces resumption of operations at its San Jose Mine in Oaxaca

Mine Development & Operations

Fortuna announces resumption of operations at its San Jose Mine in Oaxaca

Vancouver, March 25, 2020-- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report that

the illegal blockade of the roads in the municipality of San José del Progreso which prevented access to

the San Jose Mine has been lifted (refer to Fortuna news release dated March 24, 2020). Operations at

the mine will resume today, starting with the night shift.

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 unde r 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

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” provisions of the Priv ate 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 identified by the use of words such as “estimated”, “potent ial”, “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.

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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 Statements. 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; changes to current estimates of mineral reser ves and resources; changes to production estimates;

governmental and other approvals; changes in government, political unrest or instability in countries where Fortuna

is active; labor relations issues; as well as those factors discussed under “Risk Factor s” 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.

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

management, including but not limited to the 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 of new information, future events or results or otherwise, except as required by law. There can be no

assurance that these 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.