Vancouver, March 17, 2022-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report updated Mineral Reserve and Mineral Resource estimates as of December 31, 2021 for its four operating mines and its development project in the Americas and West Africa.

Eric N. Chapman, Senior Vice President of Technical Services of Fortuna, commented: “Integration of Yaramoko and Séguéla into Fortuna´s portfolio has significantly boosted the Company’s reserves and resources, while successful exploration and infill drilling resulted in the disclosure of Sunbird´s maiden inferred resource at Séguéla and expanded the reserves at Caylloma.” Mr. Chapman added, “Ongoing Brownfields exploration programs at San Jose, Lindero and Yaramoko will continue at pace in 2022 with 53,000 meters of drilling planned for the year aiming to grow the current resource base at these assets.”

Highlights of Mineral Reserve and Mineral Resource Update

Combined Proven and Probable Mineral Reserves are reported containing 3.3 Moz of gold and 25.9 Moz of silver, representing a year-over-year increase of 81 percent and decrease of 10 percent, respectively
Combined Inferred Mineral Resources are reported containing 1.0 Moz of gold and 26.3 Moz of silver reflecting a year-over-year increase of 82 percent and decrease of 8 percent, respectively
2021 Mineral Reserves and Mineral Resources

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