Santacruz Silver Completes Issuance of Advisory Fee Shares

TSX.V: SCZ

FSE: 1SZ

December 21, 2018

Santacruz Silver Completes Issuance of Advisory Fee Shares

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

completed its previously announced issuance of 250,000 of its common shares (the “ Advisory Fee Shares”)

to Haywood Securities Inc. (“ Haywood”) pursuant to an amended financial advisory agreement between the

Company and Haywood. The Advisory Fee Shares were issued to Hay wood, along with a cash payment of

$1,063, in satisfaction of general financial advisory services provided to the Company by Haywood , including

services relating to the Company's disposition of its interest in the Gavilanes Project in August 2017 . The TSX

Venture Exchange has accepted the issuance of the Advisory Fee Shares. The Advisory Fee Shares were

issued at a deemed share price of $0.085 (gross value: $21,250).

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with t wo producing silver projects, Veta Grande and Rosario,

and two exploration properties, the Minillas property and Zacatecas properties. The Company is managed by

a technical team of professionals with proven track records in developing, operating and discov ering 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:

Arturo Prestamo

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.