Company Information for First Majestic Silver Corp

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Company Statement

First Majestic Silver Corp. is committed to building a senior Silver producing mining company based on an aggressive development and acquisition plan with a focus on Mexico.

The Company presently owns or operates three silver mines in Mexico; the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine. Production from these three mines is anticipated to be approximately 5 million ounces of silver in 2008 with further increases in 2009.

Current Operations

La Parrilla Silver Mine - Durango, Mexico
The La Parrilla Silver Mine is 100% owned and includes an 800 tpd cyanide mill and a land package consisting of 53,000 hectares. The area has never been explored using modern exploration techniques. The mine has been in continuous production since 1983 and produces approximately 2.0 million ounces of silver per year. First Majestic is focused on increasing its silver resources while at the same time maintaining production at present levels through 2007 and increasing production in 2008

San Martin Silver Mine
The San Martín Silver Mine is 100% owned and includes an 800 tpd cyanide mill and a land package consisting of 7840 hectares of which First Majestic owns 1482 hectares of the surface rights. It is located in Bolanos , Mexico which is a 45 minute flight from Guadalajara. The opportunity which First Majestic identified was to make the necessary investments in development, exploration and mill improvements to not only increase the 43-101 compliant silver Resources, but also increase silver production from current levels

Other properties:
 - La Encantada Silver Mine
 - San Juan Silver Mine - Cuitaboca Silver Project

Geographical Spread

Mexico


The Company presently owns or operates three silver mines in Mexico
- La Parrilla Silver Mine
- San Martin Silver Mine
- La Encantada Silver Mine

Board of Directors and Key Management

Keith Neumeyer - President & CEO

Ramon Davila, Ing - Chief Operating Officer (COO)

Raymond Polman - Chief Financial Officer

Robert McCallum - Chairman

Connie Lillico - Corporate Secretary

Mr. Douglas Penrose - Director

David A. Shaw - Director

Tony Pezzotti, Director

Mr. Robert Young - Director

Company Address Suite 1805, 925 West Georgia Street Vancouver, British Columbia, Canada V6C3L2 Telephone: 604.688.3033 Facsimile: 604.639.8873 Email: info[at]firstmajestic.com Website: http://www.firstmajestic.com

Capital Shares Issued and Outstanding: 73,782,410 Stock Options: 5,635,000 Warrants: 10,725,240 Fully Diluted: 90,142,650

Annual General Meeting May

Year End 31 December

Nominated Brokers Sprott Securities Inc.

Related News

10/11/08 - The Clouds Currently Hanging Over First Majestic Almost Certainly Have A Silver Lining
22/04/08 - If Everything Continues To Go To Plan First Majestic Could Be A Dividend Payer in 2010
30/11/07 - First Majestic Raises The Bar Very High In Mexico
28/03/07 - First Majestic Silver Looks To Top Up The Till

Most Recent Statement

23/12/08 - First Majestic Silver Corp.: La Encantada Updated NI 43-101 Report Increasing Reserves By 183%
19/11/08 - First Majestic Silver Corp.: Operations Update
14/11/08 - First Majestic Silver Corp.: Third Quarter Financial Results
10/11/08 - First Majestic Silver Corp. Loses 8.28% On 2X Volume
29/10/08 - First Majestic Silver Corp. Gains 12.96% On Higher Volume
28/10/08 - First Majestic Silver Corp.: Another Major Intersection at Del Toro Silver Mine, Drill Hole Cuts 62.05 Metres (203.58 ft) of 422 g/t Ag, 6.29% Pb, 6.78% Zn & 0.74 g/t Au