FORTUNA SILVER MINES (FVI.TSX, NYSE.FSM)

FORTUNA SILVER MINES HIGHLIGHTS

Corporate presentation
TSX: FVI
NYSE: FSM

Building a leading silver mining company in the Americas Fortuna Silver Mines is positioned for sustainable growth with two low-cost, 100%-owned underground operating silver mines and extensive property holdings in Peru and Mexico. The company has an established reputation as an efficient mine builder and low-cost producer, delivering strong, yearover-year growth in production and earnings. In 2012, consolidated cash cost per ounce of silver was
US$5.96. Today, Fortuna is one of Latin America’s fastest-growing silver producers with production forecast to grow from 4.4 million ounces of silver and 23,300 ounces of gold in 2013, to over 5 million ounces of silver and 26,000 ounces of gold, plus base metals, in 2014.

SAN JOSE MINE, MEXICO The San Jose Mine is a low-cost underground high-grade silver-gold mine located in the state of Oaxaca. The mine achieved commercial production in September 2011, on time and on budget, at a rate of 1,000 tpd. Expansion of the mine and processing plant capacity to 1,500 tpd is on-going and commissioning is planned for Q3 with further throughput expansion to 1,800 tpd in Q4 2013. In 2012, cash cost per ounce of silver was US$3.76, net of gold by-product. Brownfields exploration drilling continues to intercept high-grade silver-gold mineralization at the Trinidad North discovery which remains open to the north and to depth.

CAYLLOMA MINE, PERUIn production since the last quarter of 2006, Caylloma, located in the department of Arequipa, is a silver and base metal rich underground mine treating 1,300 tpd of ore. In 2012, cash cost per ounce of silver was US$8.07, net of by-products lead, gold and zinc. Brownfields exploration drilling has intercepted high-grade silver-gold mineralization in the Ramal Piso Carolina and Don Luis veins, both located in the northern portion of the Caylloma District.

ORGANIC GROWTH POTENTIALFortuna owns over 95,000 ha in Peru and Mexico and has a 51,000 m brownfields drill program underway this year. Brownfields exploration drilling has been successful at intercepting high-grade silver-gold mineralizations in both Peru and Mexico. At the Caylloma Mine in Peru, high-grade gold mineralization was intercepted at the Ramal Piso Carolina and Don Luis veins. At the San Jose Mine, the Trinidad North high-grade silver-gold discovery remains open to the north and to depth.

FORTUNA SILVER MINES RECENT DEVELOPMENTS

May 22, 2013 Fortuna intercepts 736 g/t Ag and 4.8 g/t Au over 19.3 m at Trinidad North discovery, San Jose Mine, Mexico
MaY 22, 2013Fortuna reports continued brownfields exploration drilling success in the Trinidad North discovery at the San Jose Mine in Mexico. Drilling continues to intercept high-grade silver-gold mineralization over wide widths with the mineralization remaining open to the north and to depth. The discovery is a new zone with consistent grades and thicknesses comparable with the best silver deposits in the world.

Fortuna discovers new high grade vein at Caylloma mine; Drilling intercepts 1.7 meters of 105 g/t Ag and 21 g/t Au May 13, 2013 Brownfields exploration drilling has intercepted high-grade silver-gold mineralization in the Ramal Piso Carolina and Don Luis veins, both located in the northern portion of the Caylloma District. Although gold is present in minor quantities in the other veins in the district, the Ramal Piso Carolina vein is the first discovery of high-grade gold mineralization in the district.

May 7, 2013 Fortuna reports cash flow of US$16.3 million and net income of US$6.7 million in the first quarter of 2013May 7, 2013 Fortuna announced revenue of US$40.7 million, cash generated from operations, before changes in working capital, of US$16.3 million and net income of US$6.7 million for Q1 2013. Silver and gold production was 992,218 ounces and 4,492 ounces at a consolidated cash cost per ounce, net of byproduct credits, of US$6.60.

FORTUNA SILVER MINES SHARE PERFORMANCE

FSM HAS OUTPERFORMED

S&P 500Fortuna Silver Mines has surged higher in the last quarter, rising more than 35%.

SilverThe Canadian-based silver miner has provided investors with considerable leverage to the price of silver as it delivers growth in production, cash flow, and earnings.

XAUFortuna has posted gains far exceeding that of the precious metals sector this year

FSM VS BENCHMARKS LAST 90D

Premier continues to outperform benchmarks

FORTUNA SILVER MINES IN THE NEWS

LOCATED IN TOP MINING JURISDICTIONS IN MEXICO AND AREQUIPA, PERU

KEY UPCOMING CATALYSTS

2013
San Jose Mine mill and mine expansion from 1,000 to 1,500 tpd
Commissioning of the 1,500 tpd mine and mill expansion is planned for Q3 2013, with a further throughput expansion to 1,800 tpd in Q4 2013.

2013
Ongoing brownfields exploration drilling in Peru and Mexico- Continued growth in resources
Exploration drilling at the San Jose mine in Mexico led to the discovery of Trinidad North, a new high-grade silver-gold mineralized zone with grades and thickness in excess of existing reserves and resources. At the Caylloma Mine, exploration drilling intercepted high-grade silver-gold mineralization in the Ramal Piso Carolina and Don Luis veins. Exploration results are encouraging as the Ramal Piso Carolina vein is the first discovery of high-grade gold mineralization in the district and it remains open to depth and laterally to the NW and to the SE.

2013
Ongoing evaluation of selective M&A opportunities in the Americas
Fortuna is selectively pursuing the acquisition of post discovery, pre development silver rich opportunities in the Americas, with a focus on high-margin operations.