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Fortuna Silver Mines Inc.

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Summary

Project:

Caylloma Mine

Deposit:Caylloma Mine
Location:Peru
Commodities:Silver-Gold-Lead-Zinc
Date:3/24/2016
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:24-3-2016: Fortuna Silver Mines Inc. announces a Resource Estimation report for its Caylloma Mine deposit at the Caylloma Mine project. Updated mineral resources and ore reserves at project. This Technical Report has been prepared by Fortuna Silver Mines
Resources:(Reserve, P+P): 1.979Mt @ 121g/t Ag, 0.30g/t Au, 2.83% Pb, 3.55% Zn at project
CP/QP:[Resources]: Eric Chapman (Internal)
ABSTRACT:This Technical Report has been prepared by Fortuna Silver Mines Inc. (Fortuna) in accordance with the disclosure requirements of Canadian National Instrument 43-101 (NI 43-101) to disclose recent information about the Caylloma Property. This information has resulted from additional underground development and sampling, exploration drilling, delineation drilling, upgrading of the plant to increase throughput from 1,300 tpd to a potential maxiumum of 1,500 tpd, and updated Mineral Resource and Reserve estimates. Information contained within this section has been reproduced and updated where necessary from previous Technical Reports including Chapman & Kelly, 2013; Chlumsky, Armbrust, and Meyer, (CAM), 2009; CAM, 2006; and CAM, 2005. The Caylloma Property is 100 percent owned by Fortuna (formerly Fortuna Ventures Inc.) and is located approximately 225 km by road from Arequipa in the Caylloma region of southern Peru. Fortuna is based in Vancouver, British Columbia with management offices in Lima, Peru and is listed on the Toronto (TSX:FVI), New York (NYSE:FSM), and Frankfurt (FSE:F4S) stock exchanges. The mineral rights of the Caylloma Property are held by Minera Bateas S.A.C. (Minera Bateas) and renewed on an annual basis. Minera Bateas is a Peruvian subsidiary 100 percent owned by Fortuna and is responsible for running the Caylloma operation. Fortuna also owns Compania Minera Cuzcatlan S.A. de C.V. which operates the San Jose silver-gold mine located in the state of Oaxaca, Mexico, as well as Minera Mansfield S.A.C. which owns the Lindero Project in Salta, Argentina.

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