Fortuna Silver Mines Inc.

November 6, 2008

Fortuna Silver Mines Inc. (TSX VENTURE: FVI)(BVL: FVI) announces that it has granted incentive stock options to its officers and employees to purchase up to 850,000 shares exercisable for ten years at a price of $0.85 per share.

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


Jorge Alberto Ganoza Durant, President, CEO and Director

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

SOURCE: Fortuna Silver Mines Inc.


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