Santacruz to Receive Monthly Fees of Approximately US$1.1 Million from Carrizal Mining Pursuant to a Services Agreement


Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that the Company has entered into a services agreement (the “Agreement”) with Carrizal Mining, S.A. de C.V. (“Carrizal”) pursuant to which Santacruz will provide to Carrizal certain mine development, metallurgurical and geological consulting services as well as other administrative services. The Agreement is open ended but management expects it will remain in force until at least the end of 2018. As consideration for the services Carrizal will make monthly payments to Santacruz of approximately US$1.1 million. Santacruz intends to use the funds for working capital purposes.