VANCOUVER, British Columbia, April 30, 2020 — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”) MAG is pleased to report that it has completed its previously announced non-brokered private placement offering of 4,528,302 common shares of MAG (the “Common Shares”) to Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially controlled by him, at a price of C$13.25 per Common Share for gross proceeds of C$60,000,002 (the “Offering”).