Santacruz Silver Mining grants options to consultant


Vancouver, British Columbia–(Newsfile Corp. – June 10, 2022) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (“the Company” or “Santacruz”) announces the granting of 1,000,000 incentive options (the “Options”) to a consultant pursuant to the Company’s stock option plan. The options have an exercise price of $0.385 per share, expire five years from the date of grant and will vest 40% upon grant, 20% on August 15, 2022 and 20% on February 15, 2023, August 15, 2023.

About Santacruz Silver Mining Ltd.

The Company is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America, primarily focusing on silver and zinc, but also lead and copper. The Company currently has six projects in production, the Zimapan mine, the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita mines, holds two exploration properties in its portfolio of mining properties, the La Pechuga property and the Santa Gorgonia prospect, and a development project, the Soracaya project in addition to the San Lucas ore supply and trading activities.

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Arturo Prestamo Elizondo,
Executive Chairman

For more information, please contact:

Mars Investor Relations
Telephone: (778) 999 4653
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Arturo Prestamo Elizondo
Santacruz Silver Mining Ltd.
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.
Phone: (604) 569-1609

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this press release constitute “forward-looking information” as that term is used in applicable Canadian securities laws, including statements relating to production from the Zimapan Mine and the Company’s plans to develop it.

Forward-looking information is based on management’s plans, expectations and estimates as of the date the information is provided and is subject to certain factors and assumptions. In making the forward-looking statements included in this press release, the Company applied several important assumptions, including that the Company’s financial condition and development plans do not change as a result of unforeseen events and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual plans, estimates and results to differ materially from those projected in such forward-looking information. Factors that could cause the forward-looking information contained in this press release to change or be inaccurate include, but are not limited to: the risk that any of the assumptions mentioned above prove invalid or reliable; market conditions and volatility and global economic conditions, including increased volatility and potentially adverse capital-raising conditions resulting from the continuation or escalation of the COVID-19 pandemic and related risks extent and duration of this pandemic and its impact on global markets; political or economic controls or regulations and developments in Mexico and Bolivia; risk of delay and/or stoppage of planned works or modification of the Company’s financial situation and development plans; the risks associated with the Company’s plan to undertake certain post-closing reorganization steps with respect to the target entities; the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; risks related to fluctuations in the prices of gold, silver, base metals and other commodities; employee relations; relations with local communities and indigenous peoples and their claims; the availability and increasing costs associated with mining inputs and labor; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits and the presence of laws and regulations that may impose restrictions on mining; risks related to environmental regulation and liability; the possibility that results will not meet the Company’s expectations, as well as other risks and uncertainties applicable to mineral exploration and development activities and to the Company, as set forth in the continuous disclosure documents of the Company filed under the Company’s profile at www.sedar.com.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on any forward-looking information or statements. The Company undertakes no obligation to update any forward-looking information or statements, except as required by applicable law.

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