Last updated on April 23, 2014 at 13:11 EDT

Fortuna Silver corrects Measured and Indicated Resource breakdown

October 17, 2013

VANCOUVER, Oct. 17, 2013 /PRNewswire/ – Fortuna Silver Mines Inc. (NYSE: FSM) | (TSX:FVI) | (BVL: FVI) |
(Frankfurt: F4S.F)
announces that its October 17, 2013 news release entitled “Fortuna Silver increases San Jose silver reserves by 22% and silver
inferred resources by 39%
” (the “Release”) contains typographical errors in the table providing
the detail of Measured and Indicated Mineral Resource estimates for the
San Jose Mine located in Oaxaca, Mexico. Accordingly, the table headed
“Mineral Resources – Measured and Indicated” in the Release is
retracted and the following substituted in its place:

    Mineral Resources - Measured and Indicated          Contained Metal

    Property  Classification Tonnes  Ag (g/t) Au (g/t) Ag (Moz) Au (koz)

    San Jose, Measured            44       67     0.55      0.1      0.8

              Indicated          844       74     0.64      2.0     17.4

              Measured +         888       73     0.64      2.1     18.2

The combined totals for tonnage, grades and contained ounces for the
Measured and Indicated Mineral Resources remain unchanged.

Qualified Persons

The Mineral Resource estimates have been prepared under the supervision
of E. Chapman of Fortuna Silver Mines Inc. The Mineral Reserve estimate
and the tabulation of the Mineral Resource estimate exclusive of
Mineral Reserves were prepared under the supervision of T. Kelly, a
director of Fortuna Silver Mines Inc.

E. Chapman and T. Kelly are Qualified Persons as defined by the National
Instrument 43-101. Thomas Vehrs, Vice President of Exploration, is the
Qualified Person for Fortuna Silver Mines Inc. as defined by the
National Instrument 43-101. Dr. Vehrs is a Founding Registered Member
of the Society for Mining, Metallurgy, and Exploration, Inc. (SME
Registered Member Number 3323430RM) and is responsible for ensuring
that the information contained in this news release is an accurate
summary of the original reports and data provided to or developed by
Fortuna Silver Mines.

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 additional acquisition
opportunities. For more information, please visit our website at www.fortunasilver.com.


Jorge Ganoza

President, CEO and Director

Fortuna Silver Mines Inc.

Trading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F

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. Forward-looking statements are
statements that are not historical facts and that are subject to a
variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the
forward-looking statements. When used in this document, the words such
as “anticipates”, “believes”, “plans”, “estimates”, “expects”,
“forecasts”, “targets”, “intends”, “advance”, “projects”, “calculates”
and similar expressions are forward-looking statements.

The forward-looking statements are based on an assumed set of economic
conditions and courses of actions, including estimates of future
production levels, expectations regarding mine production costs,
expected trends in mineral prices and statements that describe
Fortuna’s future plans, objectives or goals. There is a significant
risk that actual results will vary, perhaps materially, from results
projected depending on such factors as changes in general economic
conditions and financial markets, changes in prices for silver and
other metals, technological and operational hazards in Fortuna’s
mining and mine development activities, risks inherent in mineral
exploration, uncertainties inherent in the estimation of mineral
reserves, mineral resources, and metal recoveries, the timing and
availability of financing, governmental and other approvals, political
unrest or instability in countries where Fortuna is active, labor
relations and other risk factors.

Although Fortuna has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other factors
that cause results to be materially different from those anticipated,
described, estimated, assessed or intended. There can be no assurance
that any forward-looking statements or information will prove to be
accurate as actual results and future events could differ materially
from those anticipated in such statements or information. Accordingly,
readers should not place undue reliance on forward-looking statements
or information.

SOURCE Fortuna Silver Mines Inc.

Source: PR Newswire