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SCZ.V ·

Santacruz Silver Grants Stock Options

Share Capital & Compensation

TSX.V: SCZ

FSE: 1SZ

May 07, 2021

Santacruz Silver Grants Stock Options

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

that it has granted a total of 16,250,000 stock opt ions to its directors, officers, employees, consult ants and

advisors. The stock options, which are subject to t he terms and conditions of the Company’s stock option plan,

have a five-year term, are exercisable at $0.47 per share and subject to certain vesting requirements.

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with two producing silver projects, Zimapan and Rosario, and

two exploration properties, the La Pechuga property and Santa Gorgonia property. The Company is manage d

by a technical team of professionals with proven tr ack records in developing, operating and discoverin g silver

mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman

For further information please contact:

Arturo Prestamo

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: (528) 18378-5707

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.

Forward-looking information

Information set forth in this news release contains forward-looking statements. These statements refle ct

management’s current estimates, beliefs, intentions and expectations; they are not guarantees of futur e

performance. The Company cautions that all forward- looking statements are inherently uncertain and tha t

actual performance may be affected by a number of m aterial factors, many of which are beyond the

Company’s control. Such factors include, among othe r things: Risks and uncertainties relating to the

Company, including those described in the Managemen t’s Discussion and Analysis (“MD&A”) for the

Company’s year ended December 31, 2020 filed on May 5, 2021 on www.sedar.com. Accordingly, actual and

future events, conditions and results may differ ma terially from the estimates, beliefs, intentions an d

expectations expressed or implied in the forward-lo oking information. Except as required under applica ble

securities legislation, the Company undertakes no o bligation to publicly update or revise forward-look ing

information .