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Santacruz Silver Mining Ltd. 
Listed Company 

SANTACRUZ SILVER MINING LTD. ("SCZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 23, 2017
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 28, 2017 and July 28, 2017:

Number of Shares: 4,875,000 shares

Purchase Price: $0.20 per share

Warrants: 4,875,000 share purchase warrants to purchase 4,875,000 shares

Warrant Exercise Price: $0.28 for a three year period

Number of Placees: 20 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Roland Lohner Y 1,000,000
Robert McMorran Y 625,000
Aggregate Pro Group Involvement P 1,050,000
[3 Placees]

Finder's Fee: Haywood Securities Inc. $26,400 cash payable.
M. Partners Inc. $3,015 cash payable.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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