Santacruz Silver Reports Results of Annual General Meeting

TSX.V: SCZ

FSE: 1SZ

October 1, 2019

Santacruz Silver Reports Results of Annual General Meeting

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

at the Annual General Meeting of shareholders of the Company held on October 1, 201 9, a total of 59,922,159

common shares of the Company, representing approximately 34.3% of the Company’s issued and outstanding

common shares, were voted.

Shareholders approved all matte rs brought before the meeting , including the re-election of the incumbent

directors, the re-appointment of PricewaterhouseCoopers LLP as auditor of the Company and the approval of

the Company's existing 10% rolling stock option plan.

In addition , shareholders overwhelmingly approved the Company’s acquisition of the remaining 50% of the

outstanding shares of PCG Mining, S.A. de C.V. ("PCG") f rom a non-arm's length party in consideration for the

issue of 30,000,000 common shares of the Company (the “Transacti on”). Upon completion of the Transaction,

the Company will own 100% of PCG, which is the parent holding company o f Carrizal Mining, S.A. de C.V.

Closing of the Transaction remains subject to the Company submitting customary documents to the TSX

Venture Exchange in order to obtain the Exchange's final approval to the Transaction.

About Santacruz Silver Mining Ltd.

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

and two exploration properties, the M inillas property and Zacatecas properties. T he Company also currently

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

Carrizal Mining is a private Mexican mining company, the principal asset of which i s a 20% working interest in

the Company’s Veta Grande Project. Carrizal Mining also has the right to operate t he Zimapan Mine until

December 31, 2019 under a mining lease agreement.

“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.