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FVI.TO ·

Fortuna CEO purchases company shares

Corporate Updates

Fortuna CEO purchases company shares

Vancouver, May 17, 2019-- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that Jorge

A. Ganoza, Chief Executive Officer of the Company, has increased his equity position in the

Company by acquiring 170,000 common shares on the open market at an average price of

US$2.59 per share.

An insider report filing reflecting the share acquisition has been made on the SEDI website at

www.sedi.ca.

About Fortuna Silver Mines Inc.

Fortuna is a growth oriented, precious metal producer with its primary assets being 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 its website at www.fortunasilver.com.

ON BEHALF OF THE COMPANY

Carlos Baca

Investor Relations Manager

Trading symbols: NYSE: FSM | TSX: FVI

Investor Relations:

T (Peru): +51.1.616.6060, ext. 0

E: [email protected]

Forward looking Statements

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

applicable Canadian securities legi slation and “forward looking statements” within the meaning of the “safe harbor” provisions

of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward looking Statements”). All statements included

herein, other than statements of histo rical fact, are Forward looking Statements and are subject to a variety of known and

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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 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; the future financial or operating performance of the Company; and proposed

expenditures. 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 looki ng 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; governmental and other approvals; political unrest o r

instability in countries where Fortuna is activ e; 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 mater ially 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 expectations regarding the Company’s plans for its mines and mineral properties; mine production

costs; expected trends in mineral prices and currency exchange rates; the accurac y 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 propert ies; 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 obli gation 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 Forward looking Statements will prove to be accurate, as actual result s and future events could

differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forwar d

looking Statements.