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Vancouver, January 11, 2017– Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce 2016 production figures from its two underground operating silver mines, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 7.4 million ounces of silver and 46.6 thousand ounces of gold or 10.2 million Ag Eq* ounces. Jorge A. Ganoza, President and CEO, commented: “We leave behind a year of important achievements with the successful expansion of our San Jose Mine to 3,000 tpd and the acquisition of the Lindero gold Project in Salta, Argentina. Lindero adds 1.5 million ounces of gold reserves to our existing inventory and positions Fortuna for its next leg of growth.” Mr. Ganoza continued, “In 2017, our expansion plans are going to be underpinned by our solid low-cost production base providing financial flexibility to execute engineering and development plans for Lindero and continue exploring for new compelling precious metal opportunities in the Americas and abroad.”