Fortuna reports heavy seasonal rains caused an overflow in a contingency pond of the dry stack tailings facility at the San Jose Mine, Mexico

Fortuna reports heavy seasonal rains caused an overflow in a contingency pond of the

dry stack tailings facility at the San Jose Mine, Mexico

Vancouver, October 11, 2018 -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that in the

early morning of October 8th, abnormally high rainfall caused a contingency pond to overflow at the dry

stack tailings facility at the San Jose mine located in Oaxaca, Mexico . The contingency pond collects

water from a ditch system at the dry stack facility designed to capture and manage rain water. The

Company wants to emphasize that no industrial process water was discharged in this incident and that

the San Jose operation uses a cyanide-free process to produce concentrate.

The dry stack contingency pond’ s holding capacity is 7,000 cubic meters and it is equipped with a 600

cubic meter per hour pumping capacity that was surpassed by the volume of rain fall. The overflow

occurred for about two hours at approximately 4:00 am and resulted in the spill of approximately 1,500

cubic meters of water carrying sediment and minor amounts of fine tailings from the facility’ s drainage

system into the nearby Coyote Creek. The Company is mitigating the risk of future overflows by

immediately increasing its pumping capacity at the contingency pond. No damage has occurred to the

tailings dam or to the dry stack infrastructure and both are fully operational. San Jose tailings are

monitored a nd sampled continuously , are free of heavy metals or other contaminants, and are

characterized as sterile.

Officials at the Procuraduría Federal de Protección al Ambiente (PROFEPA) were notified of the overflow

on the day of the incident . The Company is currently working with federal, state and local authorities as

they conduct inspections of our facilities at San Jose and the Coyote Creek.

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 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

-2-

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 Private Securities Litigation Reform Act o f 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 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 or instability in countries where

Fortuna is active; 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.

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

management, including but not li mited 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 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 results and future events could differ materially from those

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

Statements.