FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the
consolidated financial results for the Company’s fourth quarter and year ended December 31, 2022. The full version
of the financial statements and the management discussion and analysis can be viewed on the Company’s website
at http://www.firstmajestic.com, on SEDAR at http://www.sedar.com and EDGAR at http://www.sec.gov. All amounts are in U.S. dollars
unless stated otherwise.