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Sierra Metals Retains CIBC Capital Markets as Financial Advisor

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TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options.

About Sierra Metals

Sierra Metals is a diversified Canadian mining company with Green Metal exposure including copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. The Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:

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Investor Relations

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Email: info@sierrametals.com

Luis Marchese

CEO

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Ed Guimaraes

CFO

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

Sierra Metals Inc

NYSE:SMTS

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Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Non-Energy Minerals, Precious Metals, Mining, Quarrying, and Oil and Gas Extraction, Gold Ore Mining
Canada
Toronto

About SMTS

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.