Fortuna Silver Mines Inc.
TSX VENTURE : FVI

Fortuna Silver Mines Inc.

November 07, 2006 09:30 ET

Fortuna Ships First Concentrates from Caylloma Silver Mine, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2006) - Fortuna Silver Mines Inc. (TSX VENTURE:FVI); Mr. Jorge Ganoza, President of the Company, is pleased to announce that Fortuna has made its first shipment of silver-lead and zinc concentrates from the Company's 100% owned Caylloma Ag-Zn-Pb mine in Peru.

Ore is currently being processed at a rate of 500 tonnes per day (tpd). The first four truck loads of concentrates were shipped to the concentrate buyers last week.

Fortuna's metal production is unhedged allowing the Company and its shareholders to capitalize on the current historic high prices for silver, zinc and lead.

Background

Fortuna is a growth oriented, silver producing company 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

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

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