SIERRA METALS ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR A DOUBLING OF OUTPUT AT ITS CUSI MINE IN MEXICO TO 2,400 TONNES PER DAY, INCLUDING AN AFTER-TAX NPV OF US$81 MILLION

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TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report the results of a Preliminary Economic Assessment (“PEA”) regarding the Company’s Cusi Mine, located in Chihuahua State, Mexico.

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