Mr. Arturo Prestamo reports

SANTACRUZ SILVER ANNOUNCES FURTHER AMENDMENT TO SILVER PURCHASE AGREEMENT

Further to Santacruz Silver Mining Ltd.'s press release of Dec. 1, 2014, relating to the amended prepaid silver purchase agreement entered into with JMET LLC, the agreement has been further amended to extend until the end of 2015 the repayment of $5-million (U.S.) of the $7-million (U.S.) due on April 1, 2015. The company paid $2-million (U.S.) to JMET LLC on April 1, 2015.

The extended repayment terms will provide the company with additional financial flexibility following the interruption to operations at its Rosario mine during the first quarter of 2015 arising from a tailings impoundment malfunction in early January, which has since been resolved (see press release dated March 26, 2015).

President Arturo Prestamo stated, "With this additional financial flexibility and operations at Rosario now running smoothly and on track to be at 450 tonnes per day by early May, the company has better positioned itself during this difficult market environment."

We seek Safe Harbor.