MAG Silver and Mining Investors for Shareholder Value Announce Agreement

NEWS RELEASE.

September 5, 2012: Vancouver, B.C. – MAG Silver Corp. (Stock Profile – TSX:MAG & NYSE MKT:MVG) and Mining Investors for Shareholder Value (MISV), a group of MAG shareholders collectively holding approximately 9.76% of MAG’s outstanding shares and organized by Jeffrey E. Eberwein and Charles M. Gillman, announced today an agreement to nominate Richard Clark and Peter Barnes for election at the upcoming annual and special meeting of shareholders to be held on October 5, 2012.

Jonathan Rubenstein, Chairman of MAG, said today: “We recently engaged in a dialogue with Jeff Eberwein and Chuck Gillman of MISV and are pleased that this collaborative effort has yielded the inclusion of two strong candidates for MAG’s board in our forthcoming proxy circular. Rick and Peter have excellent track records of creating value for shareholders and we are pleased to add their expertise at this crucial time in MAG’s development.”

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