MAG SILVER REPORTS FOURTH QUARTER PRODUCTION FROM JUANICIPIO

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VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to report fourth quarter production of development material from the Juanicipio Project (56% / 44% joint venture between Fresnillo plc (“Fresnillo”) and MAG Silver). As reported to MAG by the project operator Fresnillo, 30,397 tonnes of development material were processed during the quarter ended December 31, 2020, with total production for the quarter on a 100% basis of 230 thousand silver ounces and 443 gold ounces (attributable to MAG: 101 thousand ounces of silver and 195 ounces of gold). Combined with the 42,476 tonnes of mineralized material processed last August and September, production in 2020 on a 100% basis totaled 623 thousand silver ounces and 1,053 gold ounces (attributable to MAG: 274 thousand ounces of silver and 463 ounces of gold). The associated lead and zinc production will be reported with MAG’s year end filings.

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