Mr. Keith Neumeyer reports

FIRST MAJESTIC ANNOUNCES COMMENCEMENT OF BULLION SALES FROM FIRST MINT

First Majestic Silver Corp. has completed commissioning and has begun bullion sales from its 100-per-cent-owned-and-operated minting facility, First Mint LLC. Located in the state of Nevada, United States, First Mint vertically integrates a manufacturing plant for investment-grade fine silver bullion into the First Majestic portfolio.

In line with First Majestic's commitment to environmental and community stewardship, First Mint operates state-of-the-art machines that require less electricity and do not release gas emissions compared with traditional minting processes. The eco-friendly and high-efficiency production line allows the mint to produce over 10 per cent of the company's current silver production coming from the Mexican operations. Plans are currently under way to expand the operation by adding additional equipment and personnel, as required.

The inaugural production run of bullion bars will be commemorated and sold as collectibles, complete with certificates of authenticity and exclusive packaging. These limited-edition "first strike" products will include 1,000 one-kilogram bars, 2,500 10-ounce bars and 5,000 five-ounce bars. As production ramps up, investors can expect the mint to provide a steady supply of cast bars and one-ounce silver rounds, with additional capacity to service third party projects. Additionally, First Majestic products will remain available for sale alongside First Mint-branded items. Investors are encouraged to visit the First Mint website to enjoy a refreshed and streamlined shopping experience.

The mint is currently seeking ISO 9001 certification, allowing for its silver to be Individual Retirement Account (IRA) eligible. Along with this certification comes a quality commitment: First Mint will fully guarantee the weight, purity and content of its bullion products.

Lastly, the shareholder benefits program will continue. Shareholders with at least 100 shares of First Majestic qualify for savings of 50 cents per ounce from the posted price.

About First Majestic Silver Corp.

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company presently owns and operates the San Dimas silver/gold mine, the Santa Elena silver/gold mine and the La Encantada silver mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon gold mine located in northeastern Nevada.

First Majestic is proud to offer a portion of its silver production for sale to the public.

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