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Vancouver, British Columbia–(Newsfile Corp. – June 10, 2022) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (“the Company” or “Santacruz”) announces the granting of one million incentive features (the “Options”) to a representative pursuant to the Company’s inventory option plan. Features have a trading value of $0. 385 consistent with the share, expire five years from the date of award and will award 40% on the award, 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 exploitation, acquisition, exploration and progression of mining homes in Latin America, focusing on silver and zinc, but also on lead and copper. The Company has recently six projects in production, the Zimapán Mine, the Bolívar Mine, Porco, the Tres Amigos, Reserva and Colquechaquita mines, it has two exploration homes in its portfolio of mining homes, the La Pechuga assets and the Santa Gorgonia Prospect, and a progression project, the Soracaya Project, in addition to the San Lucas mineral supply and marketing activities.
‘signed’
Arturo Préstamo Elizondo, Executive Chairman
For information, please contact:
Mars Investor Relations Phone: (778) 999 4653scz@marsinvestorrelations. com
Arturo Loan ElizondoSantacruz Silver Mining Ltd. Email: info@santacruzsilver. comPhone: (604) 569-1609
Neither TSX Venture Exchange nor its Regulatory Service Provider (as that term is in TSX Venture Exchange’s policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements in this press release constitute “forward-looking information” within the use of this term in applicable Canadian securities laws, adding statements relating to the production of the Zimapán mine and the Company’s plans to expand it.
Forward-looking data is based on management’s plans, expectations and estimates as of the date the data is provided and is subject to certain items and assumptions. In making the forward-looking statements included in this press release, the Company made several important assumptions, adding that the Company’s financial condition and development plans are not superseded due to unforeseen events and that long-term steel costs and the demand and market prospects for steels will remain strong or disappear. Forward-looking data is subject to a variety of threats and uncertainties and other factors that may also cause actual plans, estimates and effects to differ materially from those projected in such forward-looking data. Factors that may also cause the forward-looking data contained in this news release to be superseded or erroneous include, but are not limited to: the threat that any of the assumptions discussed above may prove invalid or unreliable; market conditions and volatility and global economic conditions, aggregating heightened volatility and potentially adverse capital raising situations as a result of the continuation or escalation of the COVID-19 pandemic and similar threats, the scope and duration of this pandemic and its effect on global markets; controls or regulations and political or economic progressions in Mexico and Bolivia; threat of delay and/or cessation of planned works or adjustments in the monetary condition and progression plans of the Company; material threats to the Company’s plan to take certain post-closing reorganization steps with respect to the target entities; the uncertainty of the geology, grade and continuity of mineral deposits and the threat of unforeseen diversifications in mineral resources, grade and/or recovery rates; threats related to fluctuations in the costs of gold, silver, basic steels and other basic products; labor Relations; relations with local communities and indigenous peoples and their claims; the availability and costs of expansion relevant to mining inputs and labor; the speculative nature of mining exploration and progression, adding the relevant threats with obtaining mandatory licenses and permits and the presence of legislation and regulations that could possibly impose restrictions on mining; threats related to environmental regulation and liability; the option that the effects will not meet the Company’s expectations, as well as other threats and uncertainties applicable to mining exploration and progression activities and to the Company, as set forth in the Company’s continuing disclosure documents filed under the Company’s profile Company at www. . sedar. com.
There can be no guarantee that forward-looking data will prove to be accurate, as actual effects and long-term events may differ materially from those expected in such statements. Consequently, the reader must not place undue reliance on data or statements. The Company assumes no legal responsibility to update any forward-looking data or statements as required by applicable law.
To view the original edition of this press release, visit https://www. newsfilecorp. com/release/127276