Santacruz Silver Reports Appointment of Carlos Silva to Its Board of Directors

TSX.V: SCZ

FSE: 1SZ

October 21, 2019

SANTACRUZ SILVER REPORTS APPOINTMENT OF CARLOS SILVA TO ITS BOARD OF DIRECTORS

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

effective October 16, 2019, Carlos Alberto Silva Ramos has been appointed a director of the Company. Mr.

Silva is currently the Chief Operating Officer of the Company and together with his f amily holds a significant

ownership position in Santacruz as a result of the comple tion of the acquisition by the Company of the

remaining 50% of PCG Mining Ltd ., the parent holding company of Carrizal Mining , S.A. de C.V. (see press

release dated October 7, 2019).

Mr. Silva has a degree in mi ne engineering from the University of Guanajuato and holds an MBA from ITESM

(Instituto Tecnologico de Estudios Superiores Monterrey). He has more than 30 years' experience working in

the mining industry in Mexico with both senior and junior mining companies, the last 19 years of which were in

senior management roles.

Mr. Silva co -founded Carrizal Mining , S.A. de C.V., a private Mexican silver producer where, during his ten-

year tenure, he successfully increased the mining and milling operat ions of the Zimapan Mine, Hidalgo,

Mexico, from 800 tpd to 3,200 tpd. Prior to this, Mr. Silva held senior management positions at the Tayoltita

Mine located in San Dimas, Durango, Mexico. During his tenure with the Tayolita Mine production was

increased from an initial rate of 1,200 tpd to an eventual final rate of 2,200 tpd.

“Carlos strengthens our Board with his many years of experience in the mining ind ustry as a successful mine

builder and operator, particularly over the more recent years in senior man agement roles.” stated Arturo

Prestamo, Santacruz’s CEO. He added, “Carlos is a great leader and is a welcome addition to our Board.”

‘signed’

Arturo Préstamo Elizondo,

President and CEO

For further information please contact:

Arturo Prestamo

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: (011) (52) 81 8378 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.