Santacruz Silver Grants Stock Options – Clarification

TSX.V: SCZ

FSE: 1SZ

August 7, 2019

Santacruz Silver Grants Stock Options – Clarification

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

clarify a statement made in its press release of August 6, 2019 in which it announced the granting of stock

options.

The "About Santacruz Silver Mining Ltd. " section of the August 6th news release stated that “…The Company

also indirectly owns 50% of the Zi mapan silver-zinc mine.” The Company wishes to clarify that the Company

does not have any indirect ownership interest in the Zimapan mine. As previously disclosed, Santacruz owns

50% of PCG Mining, S.A. de C.V, a holding company that owns 100% of Carrizal Mining S.A. de C .V. Carrizal

Mining is a private Mexican mining company that owns a 20% working interest in the Company’s Veta Grande

Project as well as the right to operate the Zimapan mine under a mining lease agreement.

‘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.