Mr. Peter Barnes reports

George Paspalas will succeed Dan MacInnis as Mag Silver Corp.'s president and chief executive officer, effective Oct. 15, 2013. Mr. Paspalas was formerly president and chief executive officer of Canadian-based gold producer Aurizon Mines Ltd., which was recently acquired by Hecla Mining Co. Mr. MacInnis will remain as an integral member of the board of directors of the company.

The appointment was made after a broad international search and is in response to the pending retirement of incumbent president and chief executive officer Dan MacInnis by year-end. "Mag is transitioning from a highly successful exploration venture to preproduction and ultimately a producing company," said Peter Barnes, chairman of Mag's governance and nominating committee. "Dan has decided that with this shift of focus it is a good time for him to step aside and let George's extensive production-focused skill set carry Mag to the next level. On behalf of the board I wish to thank Dan for his extraordinary exploration vision and perseverance in building Mag into a silver company with world-class preproduction assets discovered wholly through Mag's exploration expertise."

Mr. Paspalas brings a wealth of technical, operating and capital market experience to Mag having been not only CEO of Aurizon but also holding senior management positions at Silver Standard, where he was chief operating officer for four years, and at Placer Dome, where he held several senior positions, including senior vice-president of projects -- technical development, and president and chief executive officer, Placer Dome Africa. Mr. Paspalas brings to Mag a strong background covering the full spectrum from early-stage development, mine construction and commissioning. Mr. Paspalas's career has taken him through operations and project development globally with significant experience in Latin America, including Mexico. He clearly brings the right capabilities to grow Mag into a significant silver-producing company going forward.