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VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 4, 2016) – MAG Silver Corp. (TSX:MAG) (NYSE MKT:MVG) (the “Company” or “MAG“) announces that the over-allotment option (the “Over-Allotment Option“) from the previously closed US$65,006,500 bought deal financing (the “Offering“) (see press release dated March 1, 2016) has been fully exercised by the underwriters and that the Company has issued an additional 1,335,750 common shares (the “Additional Shares“) exercisable under the Over-Allotment Option at a price of US$7.30 per share. The additional gross proceeds of US$9,750,975 from the exercise of the Over-Allotment Option brings the total gross proceeds raised from the Offering to US$74,757,475.