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Sierra Metals Inc.

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Summary

Project:

Yauricocha

Deposit:Yauricocha
Location:Peru
Commodities:Silver-Copper-Lead-Zinc-Gold
Date:9/28/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:28-9-2017: Sierra Metals Inc. announces a Resource Estimation report for its Yauricocha deposit at the Yauricocha project. Updated mineral resources at Yauricocha. Toronto, ON – Sept 28, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS
Resources:(Resource, M+I): 13.20Mt @ 62.3g/t Ag, 1.5% Cu, 2.8% Zn, 0.9% Pb, 0.6g/t Au at project
CP/QP:[Resources]: Matthew Hastings, Americo Zuzunaga (SRK Consulting (US) Inc.;Internal)
ABSTRACT:Toronto, ON – Sept 28, 2017 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has updated its Mineral Resource Estimate at the Company’s Yauricocha Mine, located in Yauyos Province, Peru. The Resource Estimate at Yauricocha is the result of a successful exploration drill program completed at several zones within the mine including Mina Central, Esperanza, Cachi-Cachi, Escondida and Cuye-Mascota which have been previously press released and now represent a material proportion of the mine’s overall resources. “Sierra’s management team is extremely pleased with the significant increases realized in the measured and indicated, and inferred resources in this resource estimate for the Yauricocha Mine” stated Igor Gonzales, President and CEO of Sierra Metals Inc. “When compared to the previous estimate from August 2016, the Company saw a 68% increase to the measured and indicated resource tonnage and a 77% increase in the inferred resource tonnage. It is important to highlight the quality of the resources which are reflected in the higher silver, copper, zinc, lead and gold grades in this resource estimate. These increases represent a significant amount of additional drilling and mine exploration development work completed at the Yauricocha Mine.” He continued, “The Company remains committed to growth through brownfield exploration and today’s resource estimate confirms the presence of additional high quality tonnage at the Yauricocha Mine and will allow the Company to look at potential production increases going forward. We will continue our brownfield exploration programs at the Yauricocha mine over the next year with the aim of further mineral resource expansions.

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