Santacruz Provides Update on Zimapan Mine Acquisition and Related Debt Financing, and Private Placement With A Lead Order From Palisades Goldcorp

Vancouver, British Columbia–(Newsfile Corp. – April 6, 2021) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the “Company” or “Santacruz“) announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. (“Minera Cedros”), together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. (the “Trafigura Loan Facility”), are now expected to close on or before April 16, 2021. These transactions were last described in the Company’s news release dated February 25, 2021.

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