Santacruz Announces Closing of Previously Announced Private Placement for CDN$14 Million with a Lead Order from Palisades Goldcorp

Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz“) is pleased to announce that it has closed its previously announced non‑brokered private placement offering (the “Private Placement“) of units of the Company (each, a “Unit“) with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 46,965,000 Units at a price of $0.30 per Unit for gross proceeds of $14,089,500.

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