Fortuna Silver Mines Exercises Its Right to Enter into an Option Agreement on the Pachuca Southeast project, Hidalgo, Mexico

Prospero Silver Corp_Mon Dec 10, 2018

December 10, 2018 – Vancouver, B.C. – Prospero Silver Corp. (TSXV: PSL) (“Prospero” or “the Company”) is pleased to announce that further to the strategic cooperation agreement between Prospero and Fortuna Silver Mines (“Fortuna” or “FVI”) dated May 10, 2017 as subsequently amended (see Prospero press releases dated May 9, 2018), Fortuna has exercised its right to be granted an option to acquire up to a 70% interest in the Pachuca SE Project, located close to the historic mining city of Pachuca in Hidalgo State, Mexico by spending a total of US$8.0 million in qualifying expenditures and completing a preliminary economic assessment, with a minimum spend of $1 million in the first year. The parties are proceeding to prepare a definitive option and joint venture agreement substantially on the terms set out in the Company’s press release dated April 17, 2017.

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