Santacruz Silver Announces Agreement to Consolidate 100% Ownership of the Veta Grande and Minillas Mineral Properties

http://www.santacruzsilver.com/s/news_releases.asp?ReportID=793384

Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that it has signed an agreement (the “Option Agreement”) with certain private Mexican companies (together “Contracuña”) pursuant to which Contracuña has granted Santacruz an option to purchase a 100% interest in the Veta Grande and Minillas properties, for aggregate cash consideration of US$15,500,000. The Company currently operates the properties on a 60%/40% net profits interest (“NPI”) basis pursuant to an exclusive thirty-year right granted by Contracuña (see news release dated November 2, 2015).

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