First Majestic Produces 7.2M Silver Eqv. Oz in the First Quarter Consisting of 2.6M Oz Silver and 58,892 Oz Gold

Vancouver, BC, Canada ‐ First Majestic Silver Corp. (“First Majestic” or the “Company”) announces that total production in the first quarter of 2022 from the Company’sfour producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 7.2 million silver equivalent ounces consisting of 2.6 million ounces of silver and 58,892 ounces of gold. The Company’sfinancial resultsfor the first quarter of 2022 are scheduled to be released on Thursday, May 12, 2022.

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