Fortuna Provides Corporate Update

Fortuna Silver Mines Inc. (TSX VENTURE: FVI) announces that it proposes to amend its private placement warrants previously issued on January 11, 2007 to extend the expiry date by one year to July 11, 2009. The amendment is subject to TSX Venture Exchange approval.

In addition, the Company is pleased to announce that its shares will be listed and trading on the Lima Stock Exchange at the market opening on Thursday, June 26, 2008 under the symbol “FVI”.

Fortuna Silver

Fortuna Silver 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 Project in Mexico. The Company is aggressively pursuing additional acquisition opportunities. For more information, please visit our website at www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge Ganoza, President

Fortuna Silver Mines Inc.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

 Contacts: Fortuna Silver Mines Inc. Erin Ostrom Investor Relations – Vancouver Office (604) 484-4085 (604) 484-4029 (FAX)  Fortuna Silver Mines Inc. Carlos Baca Investor Relations – Lima office (511) 616-6060 info@fortunasilver.com Website: www.fortunasilver.com

SOURCE: Fortuna Silver Mines Inc.