SCZ.V · 2024-10-15 12:00:00

Santacruz Silver Announces Change to CFO

Management Changes

News Release

October 15, 2024

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company”) announces that Mr. Gregg Orr, Chief

Financial Officer of the Company, has resigned and Mr. Andres Bedregal, a seasoned finance executive with proven

success in business development and strategic finance, has been appointed as the Interim Chief Financial Officer of

the Company to replace Mr. Orr

Mr. Bedregal is the current CFO for Sinchi Wayra S.A., a wholly -owned subsidiary of Santacruz Silver Mining,

Ltd.Since joining Sinchy Wayra S.A. in 2022(?) he has successfully led the Bolivian finance group’s upgrading of the

financial and management reporting systems as well as contributing to strategic business decisions these past three

(two?) years.

Arturo Préstamo, Executive Chairman and Chief Executive Officer of the Company, said; “We are excited to welcome

Andres as our Interim Chief Financial Officer. With his deep familiarity of our Bolivian assets, he is well positioned

to manage our help manage our Canadian regulatory reporting requirements in addition to his current

responsibilities while the Board determines how to best fill the permanent CFO 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, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas

feed sourcing business are also in Bolivia. The Zimapan mine is located in Mexico.

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman and CEO

For further information please contact:

Arturo Préstamo

Santacruz Silver Mining Ltd.

Telephone: +52 81 83 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 responsibility for the adequacy or accuracy of this release.