VANCOUVER, British Columbia – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (“First Majestic” or the “Company”) announced today that it has priced its previously announced offering (the “Offering”) of unsecured convertible senior notes due in 2027 (the “Notes”). The Company will issue US$200 million aggregate principal amount of Notes (or US$230 million aggregate principal amount if the over‐allotment option is exercised in full). The Notes will be issued at par value. The Company intends to use approximately US$164.9 million of the net proceeds of the Offering to repurchase, in separate privately negotiated transactions, approximately US$125.2 million aggregate principal amount of its outstanding 1.875% convertible senior notes (the “Existing Notes”). The Company intends to use the remainder of the net proceeds from the Offering for general corporate purposes, including strategic opportunities.