Fortuna to Trade on the Toronto Stock Exchange, January 18, 2010

VANCOUVER, Jan. 17 /PRNewswire-FirstCall/ - Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to announce that the Company's common shares will be listed and begin trading on the Toronto Stock Exchange (TSX) at the opening of trading on Monday, January 18, 2010 under its current symbol "FVI". Fortuna's common shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX.

Mr. Jorge Ganoza, President and CEO, said: "This is another milestone in the growth and maturing of the Company. With construction about to commence at our San Jose Project in Mexico, this is an excellent opportunity to open up Fortuna to the broader investor base offered by the main board in Toronto. I am looking forward to reporting on more positive news in the upcoming months as we advance the San Jose to production."

Other Markets

Fortuna's common shares are also listed on the Lima Stock Exchange under the symbol "FVI" and the Frankfurt Exchange under the symbol "F4S.F" and are traded on the OTC:BB under the symbol "FVIT.F".

Fortuna Silver Mines Inc.

Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico. The Company is selectively pursuing additional acquisition opportunities. For more information, please visit our website at www.fortunasilver.com.

    ON BEHALF OF THE BOARD

    Jorge Ganoza
    President, CEO and Director
    Fortuna Silver Mines Inc.

Symbol: TSX: FVI / Lima Exchange: FVI

SOURCE Fortuna Silver Mines Inc.