Mr. Stephen Barley reports

MAGMA SILVER ANNOUNCES GRANT OF EQUITY INCENTIVE STOCK OPTIONS

Magma Silver Corp.'s board of directors has approved the grant of a total of 50,000 incentive stock options to certain of its directors, officers, consultants and employees pursuant to the company's stock option plan. Such stock options are exercisable into common shares at an exercise price of 27 cents per share for a period of five years from the date of grant. The stock options vest in four equal tranches every three months, commencing three months after the grant date. All common shares issued upon the exercise of the stock options will be subject to a hold period in Canada of four months and one day after the date of grant.

About Magma Silver Corp.

Magma Silver is a natural resource exploration company focused on acquiring, exploring, developing and operating precious metal mining projects. Listed on the TSX Venture Exchange (MGMA), OTCQB (MAGMF) and Frankfurt exchange (BC21), the company has a primary focus of exploring and developing the advanced Ninobamba pure silver-gold project in the mining-friendly country of Peru. Ninobamba spans an eight-kilometre mineralized corridor in a prolific geological belt of a high-sulphidation and low-sulphidation epithermal system. Extensive exploration by Newmont Corp., AngloGold Ashanti Ltd., Bear Creek Mining Corp. and Rio Silver Inc. has demonstrated significant resource potential for a low-cost open-pit mine, with over $14.5-million invested to date. Magma Silver is advancing its Ninobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.

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