Santacruz Silver Mining Announces Increase to Previous Bought Deal Common Share Financing

Santacruz Silver Mining Announces Increase to Previous Bought Deal Common 
Share Financing 
VANCOUVER, Jan. 23, 2013 /CNW/ - Santacruz Silver Mining Ltd. (TSXV:SCZ) 
("Santacruz Silver" or the "Company") is pleased to announce that, in 
connection with its previously announced short form offering (the 
"Underwritten Offering") led by Canaccord Genuity Corp. and including Raymond 
James Ltd. and Cormark Securities Inc. (the "Underwriters"), it has increased 
the Underwritten Offering from C$30,062,500 to C$35,150,000. The Company has 
granted the Underwriters an option to purchase up to an additional 15% of the 
Offering (the "Over-Allotment Option"), exercisable for a period of up to 30 
days after the closing date (the "Over-Allotment Option" and together with the 
Underwritten Offering, the "Offering"), if the Over-Allotment Option is fully 
exercised, the total gross proceeds from the Offering will be C$40,422,500. 
The proceeds from the Offering are expected to be used by the Company for 
exploration and development of its projects in Mexico, and for general working 
capital and corporate purposes. 
Closing of the Offering is anticipated to occur on or before February 19, 2013 
and is subject to certain conditions including, but not limited to, the 
completion of satisfactory due diligence by the Underwriters and the receipt 
of applicable regulatory approvals including approval of the TSX Venture 
This news release does not constitute an offer to sell or a solicitation of an 
offer to buy nor shall there be any sale of any of the Common Shares in any 
jurisdiction in which such offer, solicitation or sale would be unlawful. 
The Common Shares have not been and will not be registered under the United 
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the 
securities laws of any state of the United States and may not be offered or 
sold within the United States (as defined in Regulation S under the U.S. 
Securities Act) unless registered under the U.S. Securities Act and applicable 
state securities laws or pursuant to an exemption from such registration 
About Santacruz Silver Mining Ltd. 
Santacruz Silver is focused on three advanced stage silver deposits in Mexico 
with a corporate objective to reach production by first quarter 2013. The 
Company aims to become a mid-tier silver producer in Mexico. 
Arturo Prestamo Elizondo,
President, Chief Executive Officer and Director 
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 
Certain statements contained in this news release, such as statements 
regarding the anticipated use of proceeds from the Offering, the anticipated 
closing date for the Offering, the satisfaction of the conditions to closing 
of the Offering and corporate objectives and aims of the Company, constitute 
"forward-looking information" as such term is used in applicable Canadian 
securities laws. The forward-looking information herein is based on plans, 
expectations and estimates of management as at the date hereof and is subject 
to certain factors and assumptions, including, that the Company's financial 
condition and development plans will not change as a result of unforeseen 
events, the Company will receive the required regulatory approvals in a timely 
manner, future metal prices and the demand and market outlook for metals will 
be consistent with management's forecasts and expectations. Forward-looking 
information is subject to a variety of risks and uncertainties and other 
factors that could cause plans, estimates and actual results to vary 
materially from those projected in such forward-looking information. There can 
be no assurance that such statements will prove to be accurate and actual 
results and future events could differ materially from those anticipated in 
such statements. Factors that could cause the forward-looking information in 
this news release to change or to be inaccurate include, but are not limited 
to, the risk that any of the assumptions outlined above prove not to be valid 
or reliable, that occurrences such as those referred to above are realized and 
result in delays, or cessation in planned work, that the Company's financial 
condition and development plans change, that there are delays in regulatory 
approval, risks associated with the interpretation of data, the geology, grade 
and continuity of mineral deposits, the possibility that results will not be 
consistent with the Company's expectations, as well as the other risks and 
uncertainties applicable to mineral exploration and development activities and 
to the Company as set forth in the Company's Filing Statement and other 
continuous disclosure filings filed under the Company's profile at The Company undertakes no obligation to update these 
forward-looking statements, other than as required by applicable law. 
Neil MacRae Santacruz Silver Mining Ltd. 
Telephone: (604) 569-1609 
SOURCE: SantaCruz Silver Mining Ltd. 
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CO: SantaCruz Silver Mining Ltd.
ST: British Columbia
-0- Jan/23/2013 15:10 GMT
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