MAG Silver Corp.

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Further Information

Ticker Symbol: TSX:MAG
Yahoo Finance:
800 West Pender, Suite 770, Vancouver, British Columbia, V6C 2V6, Canada

Company Description

Cinco De Mayo Property

Juanicipio Property

MAG Silver Corp. is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. MAG is conducting ongoing exploration of its portfolio of 100% owned properties in Mexico including a silver, lead and zinc discovery and a moly-gold discovery at its 100% owned Cinco de Mayo Property in Chihuahua State. As well, MAG and Fresnillo plc are jointly delineating the Valdecañas, Desprendido and Juanicipio discoveries on the Juanicipio Joint Venture in Zacatecas State.

On June 14, 2012, MAG announced the results of an updated National Instrument 43-101 ("NI 43-101") compliant Preliminary Economic Assessment for the Juanicipio Project in Zacatecas State, Mexico. The Updated Preliminary Economic Assessment was commissioned by Minera Juanicipio S.A. de C.V., a Mexican joint venture company (the "Joint Venture"), owned 44% by MAG and 56% by Fresnillo plc ("Fresnillo") and was carried out by AMC Mining Consultants (Canada) Ltd. (the "AMC Study")(see News Release dated June 14, 2012). A National Instrument 43-101 technical report documenting the economic assessment will be filed on SEDAR within 45 days.

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