Fortuna Silver Mines Inc.
TSX VENTURE : FVI

Fortuna Silver Mines Inc.

October 10, 2007 15:04 ET

Fortuna Retains Investor Relations Consultants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2007) - Fortuna Silver Mines Inc. (TSX VENTURE:FVI) is pleased to announce that it has retained Otis and Mandy Partners LLC ("O&M") as investor relations consultants to the Company in North America.

O&M is an independent investor relations consultancy based in New York with investor relations expertise in the natural resources sector. O&M will assist Fortuna in establishing a market profile within the North American investment community, with a particular focus on New York and the east coast of the USA.

O&M has been engaged by Fortuna for a term of one year and will be paid a monthly retainer of US$10,000. Additionally, Fortuna has granted O&M 250,000 stock options exercisable for up to three years at a price of $2.82 per share, and with vesting restrictions in accordance with TSX Venture Exchange policies.

Background

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico. The Company is aggressively pursuing additional acquisition opportunities. For more information, please visit our website at www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President

Fortuna Silver Mines Inc.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

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