Mr. Jorge Ganoza reports

FORTUNA SILVER CORRECTS MEASURED AND INDICATED RESOURCE BREAKDOWN

Fortuna Silver Mines Inc.'s Oct. 17, 2013, news release, entitled "Fortuna Silver increases San Jose silver reserves by 22 per cent and silver inferred resources by 39 per cent," contains typographical errors in the table providing the detail of measured and indicated mineral resource estimates for the San Jose mine located in Oaxaca, Mexico. Accordingly, the table headed "Mineral Resources -- Measured and Indicated" in the release is retracted and the attached table is substituted in its place.

                                                                           
             MINERAL RESOURCES -- MEASURED AND INDICATED                  
                                                            Contained metal 
Property    Classification                Tonnes      Ag      Au      Ag      Au 
                                           (000s)   (g/t)   (g/t)   (Moz)   (koz)

San Jose,   Measured                          44      67    0.55     0.1     0.8
Mexico      Indicated                        844      74    0.64     2.0    17.4
            Measured and indicated           888      73    0.64     2.1    18.2

The combined totals for tonnage, grades and contained ounces for the measured and indicated mineral resources remain unchanged.

Qualified persons

The mineral resource estimates have been prepared under the supervision of E. Chapman of Fortuna Silver Mines Inc. The mineral reserve estimate and the tabulation of the mineral resource estimate exclusive of mineral reserves were prepared under the supervision of T. Kelly, a director of Fortuna Silver Mines.

Mr. Chapman and Mr. Kelly are qualified persons as defined by National Instrument 43-101. Dr. Thomas Vehrs, vice-president of exploration, is the qualified person for Fortuna Silver Mines as defined by NI 43-101. Dr. Vehrs is a founding registered member of the Society for Mining, Metallurgy, and Exploration Inc. (SME registered member No. 3323430RM) and is responsible for ensuring that the information contained in this news release is an accurate summary of the original reports and data provided to or developed by Fortuna Silver Mines.