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Press release from Marketwire

Santacruz Silver Mining Announces the Grant of Options

Thursday, February 28, 2013

Santacruz Silver Mining Announces the Grant of Options19:31 EST Thursday, February 28, 2013VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2013) - Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) ("Santacruz Silver" or the "Company") announces that it has granted incentive stock options to an employee and an officer of the Company to acquire an aggregate of 400,000 common shares at $1.85 per share, for a period of 5 years. These incentive stock options have been granted in accordance with the Company's Stock Option Plan.About Santacruz Silver Mining Ltd.Santacruz Silver is focused on three advanced stage silver deposits in Mexico with a corporate objective to reach production by first quarter 2013. The Company aims to become a mid-tier silver producer in Mexico.Arturo Prestamo Elizondo, President, Chief Executive Officer and Director Forward looking information Certain statements contained in this news release, such as anticipated production dates on the Company's mineral properties, 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. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.FOR FURTHER INFORMATION PLEASE CONTACT: 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. Contact Information: Santacruz Silver Mining Ltd.Neil MacRae(604) 569-1609info@santacruzsilver.comwww.santacruzsilver.com