Prospero Begins Drilling at Matorral Project, Durango, Mexico

Prospero Silver (TSX-V:PSL.V) (the “Company” or “Prospero”) is pleased to announce that drilling has started at the Matorral project in in the Santa Maria del Oro camp, Durango State, Mexico.

The drilling is part of a planned 6,900m program to test 3 of Prospero’s projects under the terms of the recent strategic investment from Fortuna Silver Mines Inc. (NYSE:FSM) (TSX:FVI). Prospero is planning to drill four holes at Matorral project, followed by eight holes at its Petate project, and then by eight holes at Pachuca SE.

This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.

The first hole at Matorral is currently at a depth of roughly 150m from a planned final depth of 400-450m.

The hole has been laid out to pin the dip of what is believed to be the controlling structure on potential mineralization at depth. The Matorral target, with over 7km of prospective structures, is one of two areas on the 9,066 hectare Santa Maria del Oro claims.

Prospero’s sampling has returned silver values from trace up to 460g/t Ag at surface.

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