Santacruz Silver Announces Trading on OTCQX

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2014) - Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ)(OTCQX:SZSMF) (the "Company" or "Santacruz Silver") is pleased to announce that its common shares will commence trading on the OTCQX marketplace in the U.S., effective April 23rd, under the ticker SZSMF. Trading on OTCQX is designed to provide current and future U.S.-based shareholders with greater access and ease to trading the Company's shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Santacruz Silver on www.otcmarkets.com.

U.S. based broker-dealer and investment banking firm Euro Pacific Capital Inc. ("Euro Pacific") serves as Santacruz Silver's Principal American Liaison ("PAL") on OTCQX, and is responsible for providing professional guidance on OTCQX requirements.

"Our access to the OTCQX is a natural step in the continued growth of Santacruz Silver," commented Arturo Prestamo, President and CEO of Santacruz Silver. "Santacruz is at an exciting, rapid growth stage. We believe the OTCQX platform will increase liquidity and broaden the Company's exposure to both current and prospective U.S. shareholders."

Financial disclosure and other information about the Company are also available at www.santacruzsilver.com and at www.sedar.com.

About Santacruz Silver Mining Ltd.

Santacruz is a Mexican focused silver company with a producing mine (Rosario); one pre-development-stage project (San Felipe); one advanced-stage exploration property (Gavilanes) and an early-stage exploration project (El Gachi). The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

Arturo Préstamo Elizondo, President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements contained in this news release, such as the Company's corporate objectives and planned production levels, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains regulatory approval, future metal prices and the demand and market outlook for metals. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's Annual Information Form filed under the Company's profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.