Santacruz Silver Amends San Felipe Agreement with Hochschild

Santacruz Silver Mining (TSX.V:SCZ) (“Santacruz”) announces that its subsidiary, Impulsora Minera Santacruz S.A. de C.V. (“Impulsora”), has renegotiated the terms of its agreement with Minera Hochschild Mexico S.A. de C.V. (“MHM” or “Hochschild”) regarding the acquisition of a 100% interest in the San Felipe property and adjacent El Gachi property located near Hermosillo, Sonora, Mexico.
Under the terms of the prior agreement (see news release dated June 16, 2015) Impulsora had the right to acquire 100% of the San Felipe property and the El Gachi property, including all assets related to the properties, by making staged payments totaling US$19,000,000.
As quoted in the press release:

Under the amended terms of the agreement with MHM, the above payments will be restructured as follows:
To acquire the San Felipe Property:

• US$2,000,000 payable on or before March 3, 2017; and
• US$8,000,000 payable on or before December 15, 2017,

plus applicable value added taxes.
To acquire the El Gachi Property:

• US$500,000 payable on or before March 31, 2017,

plus applicable value added taxes.

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