Sierra Metals Inc. announces resignation of President and CEO

NEW RELEASE DATE SET FOR 2016 FINANCIAL RESULTS

TORONTO, March 29, 2017 /CNW/ -Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") announces that Mark Brennan has tendered his resignation as President and Chief Executive Officer. Mr. Brennan will continue in his current role for a period of 30 days to facilitate the implementation of an orderly succession plan. Further details in this regard will be announced in due course.

Mr. Brennan also resigned as director of the Company effective immediately.

Mr. Alberto Arias, Chairman, commented: "We thank Mark for his contribution to the Company over the past two years and wish him well in his new endeavors.  The Company will ensure that the necessary plans are put in place to effect a smooth transition."

In addition, and further to its press release dated March 22, 2017, the Company now expects to release its 2016 fourth quarter and year-end consolidated financial results on Thursday, March 30, 2017 before market open.

Senior management will also host a webcast and conference call on Friday, March 31, 2017 at 10:30 a.m. EDT. Details of the Conference Call and Webcast are as follows:

Via Webcast:

A live audio webcast of the meeting will be available on the Company's website:

http://event.on24.com/wcc/r/1289881/2DA34C58BDCD69BECB12A59E27829F58

The webcast along with presentation slides will be archived for 180 days on www.sierrametals.com.  

Via phone:

For those who prefer to listen by phone, dial-in instructions are below. To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call.

Participant Number (Toll Free Peru): 0800-53-840
Participant Number (Toll Free North America): (877) 201-0168
Participant Number (International): (647) 788-4901
Conference ID: 92884204

About Sierra Metals

Sierra Metals Inc. is Canadian based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The company recently completed a very successful operational improvements program at it Yauricocha mine and is now focused on completing a similar program at its Mexican operations to increase production volume, recoveries and modernize operations. Sierra Metals continues to grow its mineral resources with several exciting brownfield opportunities such as the Esperanza Zone at the Yauricocha Mine which went from first discovery to mining in less than one year. The Company has several other brownfield exploration opportunities at all three Mines in Peru and Mexico within or very close to the existing mines which its actively exploring and hopes to daylight in the short-term. The company has large land packages at all three Mines with several regional highly prospective targets providing longer term exploration upside and mineral resource growth potential.

The Company's shares trade on the Lima Stock Exchange (Bolsa de Valores de Lima) and on the Toronto Stock Exchange under the symbol "SMT".

Forward-Looking Statements

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

Continue to watch our progress at:

Web: www.sierrametals.com
Twitter: sierrametals
Facebook: SierraMetalsInc
LinkedIn: Sierra Metals Inc

SOURCE Sierra Metals Inc.

For further information: regarding Sierra Metals, please visit www.sierrametals.com or contact: J. Alberto Arias, Chairman, Sierra Metals Inc., 1 (866) 493‐9646, Email:info@sierrametals.com; Ed Guimaraes, Chief Financial Officer, Sierra Metals Inc., 1 (866) 493‐9646, Email:info@sierrametals.com

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www.sierrametals.com

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