Last updated on April 18, 2014 at 13:57 EDT

First Majestic Announces Election of Directors

May 24, 2013

TSX – FR May 24, 2013
Frankfurt – FMV

VANCOUVER, May 24, 2013 /PRNewswire/ – FIRST MAJESTIC SILVER CORP. (NYSE: AG) (TSX: FR) (the “Company” or “First Majestic”) is pleased to
announce the voting results for the election of its Board of Directors
at its annual general meeting held on May 23, 2013.

A total of 70,132,242 shares were represented at the meeting, being
59.95% of the Company’s issued and outstanding common shares. 
Shareholders voted in favour of all matters brought before the meeting
and detailed results of the ballot vote for the election of directors
are set out below:

    |Director       |Votes  For|% For|Votes Withheld|% Withheld|
    |Keith Neumeyer |49,501,321|99.66|     169,224  |    0.34  |
    |Ramon Davila   |48,611,051|97.87|   1,059,494  |    2.13  |
    |Douglas Penrose|49,477,070|99.61|     193,474  |    0.39  |
    |Robert McCallum|49,436,307|99.53|     234,237  |    0.47  |
    |Tony Pezzotti  |48,878,917|98.41|     791,627  |    1.59  |
    |David Shaw     |48,315,449|97.27|   1,355,095  |    2.73  |
    |Robert Young   |49,167,047|98.99|     503,497  |    1.01  |

First Majestic is a producing silver company focused on silver
production in México and is aggressively pursuing its business plan of
becoming a senior silver producer through the development of its
existing mineral property assets and the pursuit through acquisition of
additional mineral assets which contribute to the Company achieving its
aggressive corporate growth objectives.



Keith Neumeyer, President & CEO


This news release includes certain “Forward-Looking Statements” within
the meaning of the United States Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities laws. When used in this
news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and similar words or
expressions, identify forward-looking statements or information. These
forward-looking statements or information relate to, among other
things: the price of silver and other metals; the accuracy of mineral
reserve and resource estimates and estimates of future production and
costs of production at our properties; estimated production rates for
silver and other payable metals produced by us, the estimated cost of
development of our development projects; the effects of laws,
regulations and government policies on our operations, including,
without limitation, the laws in Mexico which currently have significant
restrictions related to mining; obtaining or maintaining necessary
permits, licences and approvals from government authorities; and
continued access to necessary infrastructure, including, without
limitation, access to power, land, water and roads to carry on
activities as planned.

These statements reflect the Company’s current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements or information and the Company has made
assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: fluctuations in the spot and
forward price of silver, gold, base metals or certain other commodities
(such as natural gas, fuel oil and electricity); fluctuations in the
currency markets (such as the Canadian dollar and Mexican peso versus
the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or economic
developments in Canada, Mexico; operating or technical difficulties in
connection with mining or development activities; risks and hazards
associated with the business of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual
or unexpected formations, pressures, cave-ins and flooding); risks
relating to the credit worthiness or financial condition of suppliers,
refiners and other parties with whom the Company does business;
inability to obtain adequate insurance to cover risks and hazards; and
the presence of laws and regulations that may impose restrictions on
mining, including those currently enacted in Mexico; employee
relations; relationships with and claims by local communities and
indigenous populations; availability and increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining necessary
licenses, permits and approvals from government authorities;
diminishing quantities or grades of mineral reserves as properties are
mined; the Company’s title to properties; and the factors identified
under the caption “Risk Factors” in the Company’s Annual Information
Form, under the caption “Risks Relating to First Majestic’s Business”.

Investors are cautioned against attributing undue certainty to
forward-looking statements or information. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not
to be anticipated, estimated or intended. The Company does not intend,
and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes
in circumstances or any other events affecting such statements or
information, other than as required by applicable law.

SOURCE First Majestic Silver Corp.

Source: PR Newswire