Commonwealth Silver Announces a Two-For-One Stock Split By Way of a Stock Dividend

TORONTO, ONTARIO -- (Marketwire) -- 03/01/13 -- Commonwealth Silver and Gold Mining Inc. ("Commonwealth Silver" or the "Company") is pleased to announce that its board of directors has approved a two-for-one stock split of the Company's outstanding common shares. This will be completed through a stock dividend with all shareholders receiving one additional share for each share owned on the record date of February 28, 2013.

Shareholders who have Commonwealth Silver stock certificates should retain them. Commonwealth Silver's transfer agent, Olympia Transfer Services Inc., will mail an additional certificate to each shareholder in March 2013. Upon completion of the stock split, the number of shares outstanding will total 59,536,634.

The Company also announces that Katrin Tosine, Vice President, Investor Relations has left the Company to pursue other opportunities. We wish Ms. Tosine well in her future endeavours.

Please visit us at Booth # 3245 at the annual Prospectors and Developers Convention ("PDAC") from March 3-6, 2013 at the Metro Toronto Convention Centre - South Building.


About Commonwealth Silver and Gold Mining Inc.

Commonwealth Silver is a private Canadian mineral exploration and development company focused on acquiring gold and silver properties in politically stable and mining friendly jurisdictions and advancing them towards production. The Company comprises an experienced management group with a strong background in all aspects of acquisition, exploration, development and financing of precious metals mining projects.

For further information on Commonwealth Silver please visit www.commonwealthsilver.ca.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. This can include, but is not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law.

No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.



Contacts:

Commonwealth Silver and Gold Mining Inc.
Michael Farrant, President & CEO
416-278-4149 or Toll free: 1-855-645-7471
mfarrant@commonwealthsilver.ca

Commonwealth Silver and Gold Mining Inc.
Donald Greco, VP, Corporate Development
416-909-4500
dgreco@commonwealthsilver.ca
www.commonwealthsilver.ca