Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc.

August 16, 2007 18:04 ET

Fortuna Silver Mines Inc.: Caylloma Mine Unaffected by Earthquake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2007) - Fortuna Silver Mines Inc. (TSX VENTURE:FVI) wishes to confirm that the earthquake that took place in Peru late yesterday afternoon did not have an impact on our Lima office nor the Caylloma Mine infrastructure. All of our personnel are safe and continue with their daily activities.

The Mine, located in the town of Caylloma at 4500 meters above sea level, was not affected by the earthquake or any of the after shocks. The operating of our processing plant and the production of ore concentrates continue as usual.

The epicenter of the 7.7 (Richter scale) earthquake was located near the city of Ica, 303 kilometers south of Lima along the coastline. Lima felt the seismic movements in a moderate degree but no major incidents were registered.

Fortuna Silver Mines Inc. sincerely laments the casualties and fatalities caused by this uncommon natural phenomenon.


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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