Fortuna Silver Mines Inc.
TSX VENTURE : FVI

Fortuna Silver Mines Inc.

December 11, 2006 15:47 ET

Fortuna Silver Mines Inc.: Correction Regarding $11.4 Million Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Fortuna Silver Mines Inc. (TSX VENTURE:FVI) wishes to clarify its previously issued news release of December 11, 2006 with respect to the syndicate of agents arranging the private placement. The syndicate is co-led by Pacific International Securities Inc. and Sprott Securities Inc., and includes Salman Partners Inc. The other terms of the private placement are the same as previously announced.

ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


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

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