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July 26, 2012

Marc Prefontaine Joins Santacruz Board of Directors


Vancouver, B.C. - Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (TSX.V:SCZ) is pleased to announce that at its Annual General Meeting held July 24, 2012, Mr. Marc Prefontaine, M.Sc., P.Geo, was elected to the Company's Board of Directors joining Messrs. Arturo Prestamo Elizondo, Francisco Ramos, James Hutton and Craig Angus, who were all re-elected.

Mr. Prefontaine graduated with a B.Sc. in Geology from the University of Alberta and a M.Sc. in Mineral Exploration from Queen's University. He is a Professional Geologist with over 25 years experience.

Most recently Marc served as President and CEO of Grayd Resource Corporation. During his eight years as CEO of Grayd, Mr. Prefontaine assembled the land package in Mexico that ultimately became the La India Project. He and his geological team made two gold discoveries. During his tenure Grayd grew from a small exploration company with a market capitalization of $5 million to a successful development-stage company culminating with its 2011 acquisition by Agnico Eagle Mines for $275 million.

President, Arturo Préstamo states "We are very pleased to welcome Mr. Prefontaine to the Board and are confident his knowledge and experience in the Mexican mining industry will help us advance our projects going forward. Mr. Prefontaine will be a key contributor to the growth of Santacruz."

In connection with this appointment the Company has authorized the grant of 800,000 stock options to Mr. Prefontaine at a price of $0.90 per share. These options are exercisable for a five-year period.

About Santacruz Silver Mining Ltd.

Santacruz Silver is focused on three advanced stage silver projects in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer in Mexico.

'signed'

Arturo Prestamo Elizondo,
President, Chief Executive Officer and Director

For further information please contact:

Neil MacRae
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (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.
 
aus der Diskussion: Santacruz Silver Mining (SCZ.V): Der neue Stern am Silberhimmel?
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