Information provided in this website is not intended to be a comprehensive review of all matters and developments concerning Santacruz Silver Mining Ltd. It should be read in conjunction with all other disclosure documents of SCZ. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

Although SCZ has taken reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly, the material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which SCZ assumes no responsibility.

SCZ does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements, maps, diagrams, illustrations or information on this site. SCZ makes no warranty that all or any of such information is suitable for use for any particular purpose.

Under no circumstances, including, but not limited to, negligence, shall SCZ be liable for any direct, indirect, special, incidental, consequential, or other damages, including, but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site.

The information is not a substitute for independent professional advice before making any investment decisions and independent professional advice is recommended. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any of the information contained in this site, except for your own personal use unless you have obtained our express permission. SCZ makes no representations about information available on any other site that you may access through this site.


This website contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995 [NTD: reference to be confirmed with US counsel]. Such forward-looking statements concern SCZ's anticipated results and developments in SCZ's operations and financial condition in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions, and include reference to events or conditions that will, would, may, could or should occur. These statements relate to analyses and other information that are based on expectations of future performance, including silver, gold, lead, zinc and copper production and planned work programs, cash flow forecasts, projected capital and operating costs, metal price assumptions, and other assumptions used in preliminary economic assessments. Statements concerning mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in SCZ's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to environmental laws risks related to SCZ's status as a foreign private issuer; risks related to all of SCZ's properties being located in Mexico including political, economic, social and regulatory instability and all country risks related to Mexico. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. SCZ's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. All monetary figures are expressed in United States dollars unless otherwise specified.

Gustavson Associates LLC (Gustavson), independent consultants to SCZ, prepared independent NI 43-101 compliant technical reports in respect of SCZ's properties entitled as follows:
  • "NI 43-101 Technical Report on the Gavilanes Project" in respect of the Gavilanes Property with an effective date of December 19, 2011; and
  • "NI 43-101 Technical Report Preliminary Economic Assessment of the Rosario Project, San Luis Potosi, Mexico" in respect of the Rosario Property with an effective date of December 20, 2011
The qualified persons who prepared and supervised these reports under NI 43-101 are Donald E. Hulse P.E., William J. Crowl QP MMSA, R.G., Terre A. Lane WP MMSA, of Gustavson and M. Claiborne Newton III QP MMSA, R.G., Reg. Member SME of ECSI LLC in Blacksburg Virginia. Both of these reports are available under SCZ's profile on SEDAR at