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Santacruz Silver Announces Appointment of Mr. Bruce Wolfson to Board of Directors

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Santacruz Silver Mining (OTCQX: SCZMF) announced the appointment of Bruce Wolfson to its board of directors effective November 17, 2025. Mr. Wolfson brings over 40 years of experience in international finance, law, and investment management, with deep experience in Latin America and Asia and prior roles including General Counsel at Jaguar Growth Partners and senior legal positions at Bear, Stearns and The Rohatyn Group.

The company also said that Roland Löhner intends to step down following the annual meeting on November 25, 2025 after serving as a director for more than 10 years. Management thanked Löhner for his service and said it looks forward to Wolfson's contributions to Santacruz's strategic objectives.

Santacruz Silver Mining (OTCQX: SCZMF) ha annunciato la nomina di Bruce Wolfson nel consiglio di amministrazione con effetto 14 novembre 2025. Il signor Wolfson porta oltre 40 anni di esperienza in finanza internazionale, diritto e gestione degli investimenti, con profonde esperienze in America Latina e Asia e ruoli precedenti tra cui Consigliere Legale presso Jaguar Growth Partners e posizioni legali senior presso Bear, Stearns e The Rohatyn Group.

L'azienda ha inoltre comunicato che Roland Löhner intende dimettersi dopo l'assemblea annuale del 25 novembre 2025 dopo aver ricoperto la carica di direttore per oltre 10 anni. Il management ha ringraziato Löhner per il suo servizio e ha dichiarato di guardare con favore ai contributi di Wolfson agli obiettivi strategici di Santacruz.

Santacruz Silver Mining (OTCQX: SCZMF) anunció el nombramiento de Bruce Wolfson para su junta directiva con efecto a partir del 17 de noviembre de 2025. El Sr. Wolfson aporta más de 40 años de experiencia en finanzas internacionales, derecho y gestión de inversiones, con amplia experiencia en América Latina y Asia y cargos anteriores que incluyen Consejero General en Jaguar Growth Partners y puestos legales sénior en Bear, Stearns y The Rohatyn Group.

La compañía también anunció que Roland Löhner tiene la intención de dimitir después de la reunión anual el 25 de noviembre de 2025 tras haber ocupado como director por más de 10 años. La dirección agradeció a Löhner por su servicio y dijo que espera las contribuciones de Wolfson a los objetivos estratégicos de Santacruz.

Santacruz Silver Mining (OTCQX: SCZMF)는 이사회에 Bruce Wolfson를 임명했으며 발효일은 2025년 11월 17일이라고 발표했습니다. Wolfson 씨는 국제 금융, 법률, 자산 운용 분야에서 40년 이상의 경력을 보유하고 있으며, 라틴 아메리카와 아시아에 대한 깊은 경험과 이전 역할로 Jaguar Growth Partners의 일반 counsel 및 Bear, Stearns 및 The Rohatyn Group의 선임 법무 직책 등을 포함합니다.

또한 회사는 Roland Löhner가 연례 주주총회가 끝난 후 2025년 11월 25일에 이사회에서 물러날 의향이 있으며, 10년 이상 이사로 재직했다고 밝혔습니다. 경영진은 Löhner의 공로에 감사를 표했고 Santacruz의 전략적 목표에 대한 Wolfson의 기여를 기대한다고 말했습니다.

Santacruz Silver Mining (OTCQX: SCZMF) a annoncé la nomination de Bruce Wolfson au conseil d'administration, effective le 17 novembre 2025. M. Wolfson apporte plus de 40 ans d'expérience dans la finance internationale, le droit et la gestion d'investissements, avec une forte expérience en Amérique latine et en Asie et des postes précédents comprenant Conseiller Général chez Jaguar Growth Partners et des postes juridiques seniors chez Bear, Stearns et The Rohatyn Group.

La société a également annoncé que Roland Löhner a l'intention de démissionner après l'assemblée annuelle du 25 novembre 2025, après avoir siégé au conseil pendant plus de 10 ans. La direction a remercié Löhner pour son service et a déclaré attendre les contributions de Wolfson aux objectifs stratégiques de Santacruz.

Santacruz Silver Mining (OTCQX: SCZMF) gab die Berufung von Bruce Wolfson in den Vorstand bekannt, wirksam ab dem 17. November 2025. Herr Wolfson bringt über 40 Jahre Erfahrung in internationaler Finanzen, Recht und Investitionsmanagement mit, mit tiefer Erfahrung in Lateinamerika und Asien und früheren Positionen wie General Counsel bei Jaguar Growth Partners und leitenden Rechtspositionen bei Bear, Stearns und The Rohatyn Group.

Das Unternehmen sagte außerdem, dass Roland Löhner beabsichtigt, nach der Hauptversammlung am 25. November 2025 von seinem Amt als Direktor zurückzutreten, nachdem er mehr als 10 Jahre im Amt war. Das Management dankte Löhner für seinen Dienst und sagte, es freue sich auf Wolfsons Beiträge zu Santacruzs strategischen Zielen.

Santacruz Silver Mining (OTCQX: SCZMF) أعلن عن تعيين Bruce Wolfson في مجلس الإدارة اعتباراً من 17 نوفمبر 2025. يجلب السيد وولفسون أكثر من 40 عاماً من الخبرة في المالية الدولية والقانون وإدارة الاستثمار، مع خبرة عميقة في أمريكا اللاتينية وآسيا ومناصب سابقة بما في ذلك المستشار العام في Jaguar Growth Partners ومناصب قانونية عليا في Bear, Stearns و The Rohatyn Group.

كما ذكرت الشركة أن Roland Löhner يعتزم الاستقالة عقب اجتماع الجمعية العامة في 25 نوفمبر 2025 بعد أن شغل منصب عضو مجلس الإدارة لأكثر من 10 سنوات. أشادت الإدارة بخدمة لوهنر وقالت إنها تتطلع إلى مساهمات Wolfson في الأهداف الاستراتيجية لسنتاكروز.

Positive
  • Board appointment effective Nov 17, 2025
  • 40+ years of international finance and legal experience
  • Deep expertise in Latin America and emerging markets
Negative
  • Long-serving director to depart after 10+ years on Nov 25, 2025
  • Potential short-term governance transition following board change

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) ("Santacruz" or the "Company") is pleased to announce the appointment of Bruce Wolfson to the Company's board of directors effective November 17, 2025.

Mr. Wolfson brings over 40 years of experience in international finance, law, and investment management, with a distinguished career spanning emerging markets across Latin America and Asia. Throughout his career, Mr. Wolfson has been actively involved in structuring, placing, investing, and divesting public and private equity on behalf of both issuers and fund investors, as well as financing and restructuring emerging market debt.

From 2015 to 2021, Mr. Wolfson served as General Counsel and, at times, Chief Compliance Officer of Jaguar Growth Partners, LLC, a global investment management firm focusing on Latin America and Asia. Prior to Jaguar, he was a member of the Corporate and Latin America Practice Groups at the global law firm Bingham McCutchen LLP (now Morgan Lewis & Bockius LLP). Before that, he was a partner and general counsel at The Rohatyn Group, an asset management firm specializing in emerging markets, and earlier held the position of Senior Managing Director in the legal department at Bear, Stearns & Co. Inc., where he oversaw all legal work related to trading, sales, capital markets, and investment banking activities in the developing world.

Earlier in his career, Mr. Wolfson served as Bank of America's resident counsel in Mexico from 1982 to 1986, where he was responsible for the legal aspects of restructuring the bank's Mexican loan portfolio. He has advised regulators in Latin America and Asia concerning foreign investment regulations and served on the Board of Directors of EMTA (the trade association of the emerging market trading and investment community) from 1994 to 2015.

In addition to his professional accomplishments, Mr. Wolfson has shared his expertise as an adjunct professor at Columbia University in New York City and at Vanderbilt University in Nashville.

Mr. Wolfson holds a Bachelor of Arts in Economics and a Juris Doctor from the University of Pennsylvania.

Arturo Préstamo, Executive Chairman and Chief Executive Officer of Santacruz, commented, "We are very pleased to welcome Bruce Wolfson to the Santacruz Board of Directors. Bruce's extensive experience across international finance, emerging markets, and corporate governance will bring a valuable perspective to our team as we continue positioning Santacruz for long-term growth. His deep knowledge of Latin America, coupled with decades of leadership in global investment and legal disciplines, makes him an exceptional addition to our Board. We look forward to his insights and contributions as we advance the Company's strategic objectives."

The Company also announces that Mr. Roland Löhner has notified the Company that he intends to step down from the board of directors following the upcoming annual general and special meeting on November 25, 2025. Mr. Löhner has served as a director of the Company for over 10 years, and the Company thanks Mr. Löhner for his contributions during his tenure.

Arturo Préstamo, Executive Chairman and Chief Executive Officer of Santacruz, commented, "On behalf of the Company and the Board, I would like to express our sincere gratitude to Roland Löhner for his more than a decade of dedicated service to Santacruz. Roland has been an important part of our journey, providing steady guidance, thoughtful oversight, and unwavering support through periods of significant transformation and growth. We are deeply appreciative of his commitment and contributions, and we wish him the very best in his future endeavors."

About Santacruz Silver Mining Ltd.
Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties across Latin America. In Bolivia, the Company operates the Bolivar, Porco, and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the Company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapán mine.

'signed'
Arturo Préstamo Elizondo,
Executive Chairman and CEO

For further information, please contact:

Arturo Préstamo
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: +52 81 83 785707

Andrés Bedregal
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: +591 22444849

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements about the anticipated changes to the board of directors.

These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: changes in equity markets; inflation; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca).

There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274717

FAQ

Who is Bruce Wolfson and when did Santacruz (SCZMF) appoint him to the board?

Bruce Wolfson is a finance and legal executive with over 40 years of experience; he was appointed effective November 17, 2025.

What roles has Bruce Wolfson held before joining Santacruz (SCZMF)?

His prior roles include General Counsel at Jaguar Growth Partners (2015–2021), senior legal roles at Bear, Stearns, and partner/general counsel at The Rohatyn Group.

When will Roland Löhner step down from Santacruz's board (SCZMF)?

Roland Löhner intends to step down following the annual general and special meeting on November 25, 2025 after >10 years of service.

How might Bruce Wolfson's appointment affect Santacruz (SCZMF)?

The company said Wolfson's experience in international finance, emerging markets, and governance should provide strategic perspective for long-term growth.

Where can investors find the effective date of Santacruz's board change (SCZMF)?

The company reports Bruce Wolfson's appointment as effective on November 17, 2025 and Roland Löhner's planned departure after November 25, 2025.
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