Santacruz Silver Announces Agm Results

TSX.V: SCZ

FSE: 1SZ

December 30, 2022

SANTACRUZ SILVER ANNOUNCES AGM RESULTS

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

pleased to report that all matters were approved at the Company’s Annual General shareholders ’

meeting (the “Meeting”) held on December 30, 2022. At the Meeting, the Company’s shareholders

re-elected all of the Company’s current board of directors, Arturo Pres tamo Elizondo, Carlos Alberto

Silva Ramos, Federico Villasenor, Roland Lohner, Larry Okada and Barry Girling, and approved the

appointment of the Company’s au ditor, Deloitte LLP. The Company’s shareholders also approved

the adoption of a new 10% rolling stock option plan in accord ance with the requirements of the TSX

Venture Exchange.

About Santacruz Silver Mining Ltd.

The Company is engaged in the operati on, acquisiti on, exploration and development of mineral

properties in Latin America, with a primary focus on silver a nd z inc, but also i ncluding lead and

copper. The Company currently has four producing projects which include the Zim apan mine in

Mexico and recently the Caballo Blanco mine, the Bolivar mine (45% interest) and Porco mine

(45%). The Company also has a 100% interest in the San Lucas ore sourcing and trading business.

The Company holds three exploration properties in its mineral property por tfolio, being the La

Pechuga Property (Mex ico), the Santa Gor gonia Prospect (Mexico) and the Soracaya Prospect

(Bolivia).

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman

For further information please contact:

Arturo Prestamo

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: (528) 183 785707

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

the policies of the TSX Venture Exchange) accepts respons ibility for the adequacy or accuracy of

this release.