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Fortuna To Release First Quarter Financial Results On May 9, 2012; Conference Call At 12 P.m. Eastern Time On May 10, 2012

VANCOUVER, May 3, 2012 /PRNewswire/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) is pleased to announce that it will release its financial statements and MD&A for the first quarter on Wednesday, May 9, 2012.

A conference call to discuss the financial and operations results will be held on Thursday, May 10, 2012 at 9:00 a.m. Pacific / 11:00 a.m. Lima / 12:00 p.m. Eastern.  Hosting the call will be Jorge Ganoza, President and CEO and Luis Ganoza, Chief Financial Officer.

Shareholders, analysts, media and interested investors are invited to listen to the live conference call by logging onto the webcast at: http://www.investorcalendar.com/IC/CEPage.asp?ID=168479 or over the phone by dialing just prior to the starting time.

Conference call details:

Date:  Thursday, May 10, 2012 Time: 9:00 a.m. Pacific / 11:00 a.m. Lima / 12:00 p.m. Eastern

Dial in number (Toll Free): + 877.407.8035 Dial in number (International): + 201.689.8035

Replay number (Toll Free): + 877.660.6853 Replay number (International): + 201-612-7415 Replay Passcodes (both are required for playback):     Account #: 286     Conference ID #: 394055

Playback of the webcast will be available until August 11, 2012.  Playback of the conference call will be available until 11:59 p.m. EST on May 24, 2012.  In addition, the call will be archived in the Company's website.

ON BEHALF OF THE COMPANY Carlos Baca Investor Relations Manager Fortuna Silver Mines Inc.

Trading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F

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