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Press release from CNW Group

Fortuna Announces New Appointment to the Board of Directors

Tuesday, August 17, 2010

Fortuna Announces New Appointment to the Board of Directors12:59 EDT Tuesday, August 17, 2010VANCOUVER, Aug. 17 /CNW/ - Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) - Mr. Simon Ridgway, Chairman of the Board, is pleased to announce the appointment of Mr. Jeffrey Franzen to the Board of Directors of Fortuna.Mr. Franzen has over 35 years' experience in mineral exploration, mine development and operations. He is a registered professional engineer in the Province of British Columbia and is President of Franzen Mineral Engineering Limited, an independent consultancy that specializes in the management of advanced exploration and development stage projects. Jeffrey has held leadership roles in the British Columbia & Yukon Chamber of Mines, Mineral Deposit Division of the Geological Association of Canada and Vancouver Mineral Exploration Group. He is currently Chairman of the Board of Terrane Metals Corp., a TSX.V listed company which is in the process of being purchased by Thompson Creek Metals Company.Jorge Ganoza, CEO and Director of Fortuna, commented: "On behalf of the Fortuna team, I welcome Jeff to the Company. His technical background and expertise in mine development and operations is going to be of great benefit to Fortuna as we grow next year into the ranks of mid-tier silver producers, with a target of annual silver equivalent production of seven million ounces from two mining operations in Peru and Mexico."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 Ag-Pb-Zn-Cu Mine in southern Peru and the San Jose Ag-Au Project in Mexico. The Company is selectively pursuing additional acquisition opportunities. For more information, please visit our website at www.fortunasilver.com. << ON BEHALF OF THE BOARD Simon Ridgway Chairman of the Board Fortuna Silver Mines Inc. >> Symbol: TSX: FVI / Lima Stock Exchange: FVIFor further information: Investor Relations: Management Head Office: Carlos Baca - Tel: +51.1.616.6060, ext. 2; Corporate Office: Erin Ostrom - Tel: +1.604.484.4085