November 11, 2016

Santacruz Silver Reports Fatality at the Rosario Mine

Vancouver, B.C. - Santacruz Silver Mining Ltd. (TSX.V:SCZ) ("Santacruz") regrets to report a fatal accident at its Rosario Mine in San Luis Potosi, Mexico on November 9th. The accident was an isolated incident that occurred on a development heading at Level 4 of the Rosario Mine.

"It is with extreme sadness that we announce this tragic accident. Our deepest sympathies and thoughts go out to this miner's family, friends and co-workers," said Arturo Prestamo, Santacruz Silver President and Chief Executive Officer. "We strive to have a safe workplace as we take health and safety of our employees with the highest priority. We are investigating with the authorities the cause of this accident and taking all possible measures to ensure this does not happen in the future."

The operations at the mine were temporarily suspended to alert authorities and allow them to investigate. Santacruz has a top priority on safety and will continue to seek improvements to make sure safety is always a priority at all of the operations.

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with two producing silver mines (Rosario and Veta Grande); an advanced-stage project (San Felipe) and four exploration properties including the Gavilanes property, El Gachi property, Minillas property and Zacatecas properties. The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

'signed'

Arturo Préstamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.