Mr. Keith Neumeyer of First Majestic reports

FIRST MAJESTIC AND SILVERCREST ANNOUNCE RECEIPT OF INTERIM ORDER AND MAILING OF MEETING MATERIALS

Silvercrest Mines Inc. has been granted an interim order from the Supreme Court of British Columbia authorizing various matters, including the holding of a special meeting of Silvercrest shareholders to consider the previously announced arrangement among First Majestic Silver Corp., Silvercrest and Silvercrest Metals Inc. (new Silvercrest), and has mailed a joint management information circular.

As described in the joint circular, Silvercrest will be seeking shareholder approval for the arrangement under Part 9, Division 5, of the Business Corporations Act (British Columbia). First Majestic will be seeking shareholder approval for the issuance of common shares of First Majestic as consideration under the arrangement.

The special meetings of Silvercrest shareholders to consider the arrangement resolution and of First Majestic shareholders to consider the First Majestic resolution will be held on Sept. 25, 2015. Silvercrest's special meeting of shareholders will commence at 10 a.m. Pacific Time at the Metropolitan Hotel Vancouver, 645 Howe St., Vancouver, B.C. First Majestic's special meeting of shareholders will commence at 2 p.m. Pacific Time at the Terminal City Club, 837 West Hastings St., Vancouver, B.C. Shareholders of record as of the close of business on Aug. 17, 2015, are eligible to vote at their respective special meetings.

The board of directors of Silvercrest has unanimously recommended that Silvercrest shareholders vote for the arrangement resolution. The board of directors of First Majestic has unanimously recommended that First Majestic shareholders vote for the First Majestic resolution. In addition, each of the directors and senior officers of Silvercrest, who currently hold in the aggregate approximately 3.9 per cent of the issued and outstanding Silvercrest shares, has entered into a voting agreement with First Majestic and has agreed to vote in favour of the arrangement resolution.

Under the terms of the arrangement, Silvercrest shareholders will receive 0.2769 of a common share of First Majestic plus 0.01 cent in cash per Silvercrest common share. Each Silvercrest shareholder will also receive 0.1667 common share of new Silvercrest for each Silvercrest common share held.

The joint circular is being mailed today to the shareholders of First Majestic and Silvercrest, and will also be available under the profiles of each of First Majestic and Silvercrest on SEDAR and on EDGAR. It will also be available on the websites of First Majestic and Silvercrest.

Your vote is important. Please vote today. Your vote is important regardless of the number of shares you own. First Majestic and Silvercrest shareholders are encouraged to read the joint circular in detail.

Shareholders who have questions regarding the arrangement or who require assistance with voting may contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at 1-877-452-7184 (North American toll-free) or 416-304-0211 (collect outside North America) or by e-mail at assistance@laurelhill.com.

Silvercrest filed today a technical report prepared in accordance with National Instrument 43-101, effective Aug. 15, 2015, on its Cruz de Mayo property titled, "Mineral resource estimate for the Cruz de Mayo property, Sonora, Mexico." The Cruz de Mayo property will be transferred by Silvercrest to new Silvercrest in connection with the arrangement and will be the principal property held by new Silvercrest following the spinout of new Silvercrest to the shareholders of Silvercrest. The report will be available under the profile of Silvercrest on SEDAR.

We seek Safe Harbor.