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Santacruz Silver Announces Appointment of Chief Operating Officer VANCOUVER, B.C. ,

Management Changes

Santacruz Silver Announces Appointment of

Chief Operating Officer

VANCOUVER, B.C.

,

March 3, 2025

/CNW/ -

Santacruz Silver Mining Ltd.

(TSXV: SCZ) (OTCQB:

SCZMF) (FSE: 1SZ) ("Santacruz" or "the Company") is pleased to announce the appointment of Mr.

Eduardo Torrecillas

as Chief Operating Officer.

With over 18 years of experience in senior leadership roles, prior to his appointment as Chief

Operating Officer, Mr. Torrecillas served as Executive Chairman and President of Santacruz's

Bolivian operations since

March 2022

. Before joining Grupo Minero Sinchi Wayra, Mr. Torrecillas

spent more than 12 years at Minera San Cristóbal S.A., a subsidiary of Sumitomo Corporation,

where he held key leadership roles, including Director of Occupational Health and Safety (OHS) and

General Services. In addition to his corporate roles, Mr. Torrecillas has been President of the

National Association of Mid-Tier Miners (ANMM) since

April 2022

. He was unanimously re-elected in

March 2024

for a new two-year term (established in 1939, the ANMM has long represented private

mining companies in

Bolivia

).

In his new role, Mr. Torrecillas will oversee all operational functions across the Company's mines

and exploration projects in

Mexico

and

Bolivia

.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: "Eduardo´s exceptional

leadership and operational expertise underscore his proven ability to drive efficiency and growth.

Eduardo has demonstrated outstanding management skills, a deep understanding of the industry,

and a results-driven approach that has been instrumental in optimizing our Bolivian operations over

the past 3 years. His strategic vision, hands-on leadership, and commitment to operational

excellence have significantly contributed to Santacruz's success. I have no doubt that his expertise

and knowledge of both

Bolivia

and Mexico´s culture and dynamics will continue to strengthen our

operations as he takes on this new role."

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 and Colquechaquita mines. The Soracaya

exploration project and

San Lucas

ore sourcing and trading business are also in

Bolivia

. The

Zimapan

mine is in

Mexico

.

'signed'

Arturo Préstamo Elizondo,

Executive Chairman and Chief Executive Officer

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.

SOURCE

Santacruz Silver Mining Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2025/03/c0856.html

%SEDAR: 00031795E

For further information:

For further information please contact: Arturo Prestamo, Santacruz Silver

Mining Ltd., Email: [email protected], Telephone: (528) 183 785707; Andrés Bedregal,

Santacruz Silver Mining Ltd., Email: [email protected], Telephone: +591 22444849

CO: Santacruz Silver Mining Ltd.

CNW 07:00e 03-MAR-25