MAG Silver Reports 2020 Juanicipio Drill Results 110 Holes (39,700 meters)

Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to report results from 2020 drilling on the Juanicipio Project (56% / 44% joint venture between Fresnillo plc (“Fresnillo”) and MAG Silver). A total of 33 surface holes (27,900 metres (“m”)) and 77 underground definition holes (11,800 m) were completed with the primary objectives of: infilling and expanding the Valdecañas Deep Zone (“Deep Zone”) to optimise its extraction; and definition drilling of the upper high-grade Valdecañas Bonanza Zone (“Bonanza Zone”) where test mining has already begun and the focus for the first several years of mining in this area.   Currently the 2021 drilling program is well on track with five drill rigs on surface running concurrently with continued underground definition drilling.

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