Fresnillo Regulatory News (FRES)

Fresnillo plc

21 Upper Brook Street

London W1K 7PY

United Kingdom

www.fresnilloplc.com

11 April 2019

Fresnillo plc - Board Changes

Fresnillo plc (the "Company") announces that the Nominations Committee has recommended to the board of directors of the Company ("the Board"), and the Board has agreed, that Mr Luis Robles be proposed for election as an independent non-executive director of the Company at the 2019 annual general meeting, which is due to be held on 21 May 2019 (the "AGM"), with his appointment to take effect from the conclusion of the AGM.

Mr Robles served as the Chairman of Board of Directors of BBVA Bancomer from 2012 until his retirement in September 2018, having previously served as Vice-Chairman from 2007-2012. Mr Robles trained as a lawyer and was Managing Partner of Robles & Zaldivar, S.C. from 1984 to 1993, when he joined the BBVA Financial Group.

During his career in the banking and financial sectors, Mr Robles served on various national and international associations, including Chairman of the Latin American Banking Federation from 2010 to 2012 and various roles in the Mexican Banking Association ("ABM") culminating in him being Chairman of the ABM from 2014 to 2017.

Fresnillo plc Chairman Alberto Baillères said: "I am delighted that Mr Robles has agreed to join the Board. With a broad understanding of Mexican business based on a distinguished career in banking, Mr Robles will be a valuable addition to the Fresnillo board. I look forward to welcoming him to the board following the 2019 AGM".

The Board has, therefore, also approved a recommendation from the Nominations Committee that Mr Robles be appointed as a member of the Audit Committee and the Remuneration Committee, both with effect from his appointment to the Board after the AGM.

For further information, please visit our website www.fresnilloplc.com or contact:

About Fresnillo plc

Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (Phase I and II), two development projects - the Pyrites Plant at Fresnillo and Juanicipio, and three advanced exploration projects - Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects.

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.

Fresnillo plc has a strong and long tradition of exploring, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company and Mexico's largest gold producer.

1 Operations at Soledad-Dipolos are currently suspended.

Forward Looking Statements

Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group's intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group's results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group's operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group's ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

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