Santacruz Silver Announces Panuco Deposit, Veta Grande Project Resource Estimation: 16.3 AgEq million ounces Inferred

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) announces the results of its resource estimate for the Panuco silver deposit located in Zacatecas, Mexico. The Panuco deposit is situated within Santacruz’s Veta Grande project area and is located approximately five kilometers north of the Company’s Veta Grande Mine and mineral processing facility. The deposit is accessed by paved road and is characterized by modest relief at an average elevation of 2300 meters above mean sea level. The Veta Grande project consists of 184 mining concessions covering an area of 8,944 hectares (22,101 acres) in the Zacatecas Mining District, Mexico. The Veta Grande project is divided into two concession groups, described as the Veta Grande properties, and the Zacatecas properties (collectively “Veta Grande project”). The Panuco deposit is situated within the northwest quadrant of the Zacatecas properties and centered on concession title 233300 (Panuco). The property is subject to the Company’s completion of a purchase contract for US$1.5M with Minera Cordilleras (subsidiary of Golden Minerals Company see press release dated May 4, 2016). The previous operator was Minera Cordilleras.

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