Sequela Gold Project Construction Update

VANCOUVER - Fortuna Silver Mines Inc. reported on construction activities at its Seguela gold Project located in Cote d’Ivoire. The Company made a construction decision to proceed to build a 3,750 tonne per day mill at Seguela, with first gold pour expected in mid-2023.

Paul Criddle, Chief Operating Officer, said, “The Seguela Project continues to advance in line with our expectations through what is a challenging supply market. Seguela has transitioned through the design and procurement phases to now having much of the critical earthworks and civil works out of the ground ahead of the upcoming wet season, in line with budget and schedule. Activities at the project site are really ramping up ahead of planned gold pour in mid-2023.”