Fortuna Announces Changes in Management

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 11, 2016) - Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) announces that Dr. Thomas I. Vehrs has voluntarily retired as Vice President of Exploration of the company.

Jorge A. Ganoza, President and CEO, commented, "Tom joined Fortuna in 2006 bringing exceptional capabilities to our organization. Through his commitment to high working standards and valuable contributions, our company has achieved important milestones and objectives." Mr. Ganoza continued, "On behalf of the Board of Directors, management and shareholders, I would like to thank Tom for his outstanding dedication and service to Fortuna."

The company is pleased to announce the appointment of Mr. David Volkert as new Vice President of Exploration effective August 8, 2016. David is a discovery oriented professional with multiple discoveries over his thirty-eight years in mineral exploration. David's work experience includes senior positions as CEO at Paget Minerals Corp., VP Exploration at Bear Creek Mining Corp., and Exploration Manager (Peru) at Barrick Gold. David will be responsible for leading the discovery of new mineral resources through the planning and execution of Fortuna's brownfields and greenfields exploration programs.

Fortuna Silver Mines Inc.

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas. For more information, please visit our website at www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge A. Ganoza

President, CEO and Director

Fortuna Silver Mines Inc.

Trading symbols: NYSE: FSM / TSX: FVI

Forward-looking Statements

This news release contains forward-looking statements which constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements about the Company's plans for its mines and mineral properties during 2016; the Company's business strategy, plans and outlook; the merit of the Company's mines and mineral properties; the future financial or operating performance of the Company; and proposed expenditures. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.