FORTUNA SILVER MINES INC.

Fortuna Silver Mines announced an updated NI 43-101 compliant mineral resource estimate for the San Jose Project located in southern Mexico. Indicated Resources have increased 83% to 2.69 million tonnes with contained silver equivalent ounces increasing 112% to 37.6 million. Silver and gold grades in the Indicated Resource category have increased by 12% to 295 g/t and 4% to 2.27 g/t, respectively. The new resource estimate will serve as the basis for pre-feasibility level engineering studies projected for completion by year end. The estimates are based on a cut-off grade of 150 g/t Ag Equivalent for the Indicated and Inferred Mineral Resources of the Trinidad Zone.