Santacruz Silver Announces AGM Results

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News Release

December 20, 2023

Santacruz Silver Announces AGM Results

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

all matters were approved at the Company’s Annual General shareholders’ meeting (the “Meeting”) held on December

20, 2023. At the Meeting, the Company’s shareholders re -elected all of the Company’s current board of directors,

Arturo Prestamo Elizondo, Federico Villasenor, Roland Lohner, Larry Okada and Barry Girling, and approved the

appointment of the Company’s auditor, Deloitte LLP . The Company’s shareholders also approved the adoption of a

new omnibus incentive plan in accordance with the requirements of the TSX Venture Exchange, and a new advance

notice policy.

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin

America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of

the Tres Amigos, Reserva and Colquechaquita mines . T he Soracaya exploration project and San Lucas feed sourcing

business are also in Bolivia. As well, the Zimapan mine is in Mexico.

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman and Interim CEO

For further information please contact:

Arturo Préstamo

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: +1 (528) 183 785707

Sabina Srubiski

Manager, Investor Relations

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: +1 (604) 351 7909

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.