Fortuna increases silver production at Peru's Caylloma mine

Fortuna Silver Mines Inc. reported 2008 production performance figures and provide a 2009 production guidance for its Caylloma Mine, located in southern Peru.

The Mine produced 889,782 ounces of silver, an increase of 85% compared to 2007. For 2009 the Company anticipates silver production of 1.6 million ounces, an expected increase of 80% compared to 2008.

A Technical report on Reserves and Resources for the Caylloma mine is available on the Company's website at www.fortunasilver.com.

Mr. Jorge Ganoza, CEO of the Company, commented: "Our team at Caylloma has done a superb job in delivering sustained metal production growth since the start of mining in late 2006. For 2009 we plan this growth to continue. The expected increase in silver is the result of our successful investments in exploration and development of new bonanza style silver veins which began contributing to production in the fourth quarter of 2008."

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America.

The company's primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico

Publication: Andina - English Newswire
Provider: Andina
January 27, 2009

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