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Fortuna Silver Mines Inc.Drill Hole Intercepts - Trinidad North

2014 Step-out Drill ProgramMineral Reserves and Resources

as of Dec. 31, 2013Longitudinal Section (Looking West)

San Jose Mine, Oaxaca, MxDatum: NAD27, UTM Zone 14N Apr 25, 2014

Crosscut Extension_2014Mine Workings_16Apr2014

Mineral ReservesProvenProbable

Mineral ResourcesMeasured IndicatedInferred

0 100 200 300 400m

NorthSouth

Proven and Probable Reserves3.6 Mt at 197 g/t Ag, 1.70 g/t Au

(299 g/t Ag Eq)

Inferred Resources(Including Trinidad North)

5.4 Mt at 202 g/t Ag, 1.56 g/t Au(296 g/t Ag Eq)

Trinidad NorthInferred Resources

1.9 Mt at 269 g/t Ag, 1.67 g/t Au(361 g/t Ag Eq)

at 70 g/t Ag Eq cutoff(FSM News Release Oct. 17, 2013)

Drill Stations

Trinidad North

Surface

Legend - Step-out DrillingSJOM-xxx

!( Bonanza Vein Intercepts (Apr 2014 NR)! Bonanza Vein Intercepts (Previously Released)

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Fortuna Silver Mines Inc.Drill Hole Intercepts - Bonanza Vein

Trinidad North2014 Step-out Drill Program

Longitudinal Section (Looking West)San Jose Mine, Oaxaca, Mx

Datum: NAD27, UTM Zone 14N Apr 25, 2014

! Bv Intercepts (Prior drill holes)Crosscut Extension_2014Mine Workings_16Apr2014

Bv_AgEq.grdAg Eq (g/t)

High : 5991

Low : 00 100 200 300 400

m

NorthSouth

SJOM-3643.0 m @ 3,219

Drill Stations

Trinidad North

Surface

Legend - Step-out DrillingAg Eq (g/t)

! Bonanza Vein Intercepts (Apr 2014 NR)! Bonanza Vein Intercepts (Previously Released)

DH Label LegendDrill Hole Name

Estimated True Width in meters @ Ag Eq in g/t(includes adjacent stockwork mineralization)

(N.S.M. = No significant mineralization)

SJOM-3593.4 m @ 1,129

SJOM-3609.2 m @ 269

SJOM-349A4.5 m @ 1,221

SJOM-3659.5 m @ 318

SJOM-3564.4 m @ 104 SJOM-353

N.S.M.

SJOM-348N.S.M.

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Fortuna Silver Mines Inc.Drill Hole Intercepts - Trinidad Vein

Trinidad North2014 Step-out Drill Program

Longitudinal Section (Looking West)San Jose Mine, Oaxaca, Mx

Datum: NAD27, UTM Zone 14N Apr 25, 2014

! Tv Intercepts (Prior drill holes)Crosscut Extension_2014Mine Workings_16Apr2014

Tv_AgEq.grdAg Eq (g/t)

High : 2434

Low : 0 0 100 200 300 400m

NorthSouth

SJOM-3640.5 m @ 276

Drill Stations

Trinidad North

Surface

Legend - Step-out DrillingAg Eq (g/t)

! Trinidad Vein Intercepts (Apr 2014 NR)! Trinidad Vein Intercepts (Previously Released)

DH Label LegendDrill Hole Name

Estimated True Width in meters @ Ag Eq in g/t(includes adjacent stockwork mineralization)

(N.S.M. = No significant mineralization)

SJOM-3590.2 m @ 245

SJOM-360N.S.M.

SJOM-349A4.1 m @ 2,601

SJOM-3652.6 m @ 706

SJOM-3567.0 m @ 304 SJOM-353

0.2 m @ 1,312

SJOM-348N.S.M.