Sierra Metals Reports Positive Drill Results at the Santa Rosa De Lima Zone

Sierra Metals (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or the Company) today announced results from the expanded drilling program completed at theSanta Rosa de Limazone located adjacent to current operations within the Cusihuiriachic (Cusi) property, Chihuahua state,Mexico. The completion of this drilling program will now provide the necessary data to update the past mineral resource report and provide the Company with potential future mineable resources.

Alonso Lujan, Vice President Exploration at Sierra Metals, said:

The updated drilling program results not only confirm the existence of high-grade silver mineralization but also allows Sierra Metals the opportunity of upgrading this material into a mineral resource.

It is important to note that theSanta Rosa de Limazone is already accessible by our existing mine infrastructure which will allow for inclusion of this material into the mine plan in the near future. The assay results will be included in an updated mineral resource estimate for the Cusi mine which is expected to be released by year end.

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