VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - Fortuna Silver Mines Inc.
(NYSE:FSM)(TSX:FVI) Mr. Simon Ridgway, Chairman of the Board, announces that Mr. Michael Iverson has retired from the
Board of Directors. Mr. Iverson joined the board of the predecessor company of Fortuna back in 1998.
Jorge A. Ganoza, President, CEO and Director of Fortuna, commented, "On behalf of Management and Board members of the company,
I would like to express our thanks and appreciation to Mike for his commitment and contributions throughout the years and
wish him much success in his future endeavours."
Fortuna Silver Mines Inc.
Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our
primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is
selectively pursuing acquisition opportunities throughout the Americas and in select other areas. For more information, please
visit our website at www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza, President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols: (NYSE:FSM)(TSX:FVI)
Forward looking Statements
This news release contains forward looking statements which constitute "forward looking information" within the meaning of
applicable Canadian securities legislation and "forward looking statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995 (collectively, "Forward looking Statements"). All statements included
herein, other than statements of historical fact, are Forward looking Statements and are subject to a variety of known and
unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the
Forward looking Statements. The Forward looking Statements in this news release include, without limitation, statements about the
Company's plans for its mines and mineral properties during 2016; the Company's business strategy, plans and outlook; the merit
of the Company's mines and mineral properties; the future financial or operating performance of the Company; and proposed
expenditures. Often, but not always, these Forward looking Statements can be identified by the use of words such as "estimated",
"potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting",
"will", "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar
expressions, including negative variations.
Forward looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any results, performance or achievements
expressed or implied by the Forward looking Statements. Such uncertainties and factors include, among others, changes in general
economic conditions and financial markets; changes in prices for silver and other metals; technological and operational hazards
in Fortuna's mining and mine development activities; risks inherent in mineral exploration; uncertainties inherent in the
estimation of mineral reserves, mineral resources, and metal recoveries; governmental and other approvals; political unrest or
instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under "Risk Factors"
in the Company's Annual Information Form. Although the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in Forward looking Statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to expectations regarding the Company's plans for its mines and mineral properties during
2016; mine production costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current
mineral resource and reserve estimates; that the Company's activities will be in accordance with the Company's public statements
and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required
approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set
out herein. Forward looking Statements are made as of the date hereof and the Company disclaims any obligation to update any
Forward looking Statements, whether as a result of new information, future events or results or otherwise, except as required by
law. There can be no assurance that Forward looking Statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on
Forward looking Statements.