Click to access article_09072016122107.pdf

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) announced today that its wholly-owned subsidiary, Impulsora Minera Santacruz S.A. de C.V. (together with Santacruz the “Company”), has entered into an agreement (the “Agreement”) pursuant to which the Company has acquired the exclusive right for 15 years (the “Exclusive Mining Right”) to explore, develop and mine the Cinco Estrellas gold-silver property (the “Property”) situated approximately 40 km from the Company’s Rosario Mine located near Charcas, San Luis Potosi, Mexico. The Property covers approximately 400 hectares in total and includes vein systems that have had prior mining activity conducted on them. As consideration for being granted the Exclusive Mining Right, the Company has agreed to pay the Property vendor a 2.5% net smelter returns royalty on any mineralized material from the Property that is mined and milled or otherwise treated for the eventual sale of the contained metal. In addition, the Company has agreed to make the following cash payments: US$50,000 on signing (paid), US$5,000 per month for the first six months, and US$50,000 on the 90th day after entering into the Agreement.