Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) announced today that it has completed its previously announced bought deal public offering and has issued 2,905,000 common shares (the “Common Shares”), including 170,000 Common Shares issued upon the partial exercise of the over-allotment option, at a price of US$14.65
per Common Share for gross proceeds of US$42,558,250 (the “Offering”). MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and MAG’s other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.