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SCZ.V ·

Santacruz Silver Mining Ltd. (TSX.V:SCZ) ("Santacruz" or "the Company”) reports that following the cease trade order being lifted by the British Columbia Securities Commission and the Ontario Securities Commission on

Listings & Exchange Regulatory & Compliance

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News Release

June 15, 2023

Santacruz Silver Shares to Resume Trading on June 16, 2023

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

cease trade order being lifted by the British Columbia Securities Commission and the Ontario Securities Commission on

Friday June 9, 2023, its shares will resume trading on Friday June 16, 2023, on the TSX Venture Exchange when the

market opens.

About Santacruz Silver Mining Ltd.

Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin

America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of

the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and

trading business are also in Bolivia. The Zimapan mine is in Mexico.

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman

For further information please contact:

Arturo Préstamo

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: +1 (528) 183 785707

Sabina Srubiski

Manager, Investor Relations

Santacruz Silver Mining Ltd.

Email: [email protected]

Telephone: +1 (604) 351 7909

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

This news release includes certain statements and information that may constitute forward-looking information within

the meaning of applicable Canadian securities laws. Forward -looking statements relate to future events or future

performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally,

forward-looking statements and information can be identified by the use of forward -looking terminology such as

“intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events

or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these

statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this

news release and include without limitation, statements regarding the timing of Santacruz’s shares resuming trading

on the TSX Venture Exchange (the “TSXV”).

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These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially

from results suggested in any forward -looking statements. These risks and uncertainties include, among other things,

risks that Santacruz’s shares will not resume trading on the TSXV on the timeline management expects.

In making the forward-looking statements in this news release, the Company has applied several material assumptions,

including without limitation, the assumption that Santacruz’s shares will resume trading on the TSXV today at market

open.

There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, the reader should not place an y

undue reliance on forward -looking information or statements. The Company undertakes no obligation to update

forward-looking information or statements, other than as required by applicable law.