SIERRA METALS DEFINES 40-METRE WIDE, HIGH-GRADE SILVER STOCKWORK AREA WHICH REMAINS OPEN TO DEPTH AND WIDTH WITHIN THE SANTA ROSA DE LIMA VEIN AT ITS CUSI MINE, MEXICO

SMT-PR-Cusi-High-Grade-zone-within-SRL-Vein-Final

Toronto, ON – June 29, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE American: SMTS) (“Sierra Metals” or “the Company”) today announced that the development program at the Cusi Mine has confirmed a wide, high-grade silver stockwork zone located within the Santa Rosa de Lima (“SRL”) vein complex. The SRL Vein is a regional structure which extends on the Company’s property for a length of 12 kilometers. This stockwork zone is open at depth, and in width, current known dimensions are noted below. The current development program at Cusi is focused on the inclusion of the mineral resources from the SRL vein into the current mine plan.
This mineralized zone extends to over 100 meters in length, 40 meters in width and 70 meters in height (see Fig 9.- Schematic View of the Sublevel Caving). The Cusi Mine lies within the Sierra Madre Occidental Mountain Range and located within the municipality of Cusihuiriachi in the central portion of Chihuahua State, Mexico.

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