Vancouver, BC, Canada – First Majestic Silver Corp. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2023. 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 or on SEDAR at http://www.sedar.com and on
EDGAR at http://www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.