Re: News Release - Wednesday, March 26, 2008
Fortuna Warrants Exercised
March 26, 2008 - Fortuna Silver Mines Inc. (FVI: TSX-V): Jorge Ganoza,
the President of Fortuna Silver Mines, is pleased to announce that,
since the beginning of the year 4.37-million outstanding share purchase
warrants, with an exercise price of $1.85, have been exercised for cash
proceeds to the Company of approximately CDN$8.1-million dollars.
The Company's share structure is now:
Incentive Options 6,915,000
Share Purchase Warrants 12,156,779
Issued Shares 85,321,659
Fully Diluted Shares 104,393,438
The Company is debt free, and is well financed with a cash position of
Fortuna is a growth oriented, silver and base metal producer focused on
mining opportunities in Latin America. Principal assets include the
Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold
Project in Mexico. The Company is aggressively pursuing additional
acquisition opportunities. For more information, please visit our
website at www.fortunasilver.com.
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD
Jorge Ganoza Durant, President
Fortuna Silver Mines Inc.
Investor Relations: Ralph Rushton
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