Santacruz Completes Hochschild Amendment Agreement

TSX.V: SCZ

FSE: 1SZ

March 9, 2017

Santacruz Completes Hochschild Amendment Agreement

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) announces

that, in accordance with t he terms of the amended agreement between the Company's subsidiary, Impulsora

Minera Santacruz S.A. de C.V. and Minera Hochschild Mexico, S.A. de C.V. (see news release dated

February 28, 2017) , the Company has issued 13,415,000 common shares of the Company in consideration

for the restructuring of the payment terms thereunder. The shares are subject to a hold period and may not be

traded until July 10, 2017 except as permitted by applicable securities legislation and the rules and policies of

the TSX Venture Exchange.

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with two producing silver projects (Rosario, including the

Cinco Estrellas property , and the right to operate the Veta Grande project and milling facility; and three

exploration pro perties including the Gavilanes property, Minillas property and Zacatecas properties . The

Company is managed by a technical team of professionals with proven track records in developing, operating

and discovering silver mines in Mexico. Our corporate objective is to become a mid- tier silver producer.

‘signed’

Arturo Préstamo Elizondo,

President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.