Mag Silver's Juanicipio JV receives explosives permit

2014-03-12 09:07 ET - News Release

Mr. George Paspalas reports

MAG SILVER REPORTS JUANICIPIO PROJECT OBTAINS EXPLOSIVES PERMIT

Mag Silver Corp. contractor hired by Fresnillo PLC to construct the ramp decline on behalf of the Minera Juanicipio SA de CV joint venture, has received its full explosives permit from the Mexican Ministry of Defence. Development of the Juanicipio ramp decline is now being advanced with conventional drill and blast cycles as well as with the continuous miner.

Up to this point, all decline advancement had been accomplished solely with a continuous miner, and the rate of advance slowed at times when zones of harder rock were encountered. With the explosives permit in hand and the addition of conventional drill and blast cycles, the advance rate should improve substantially.

"Having access to a full explosives permit is a big step forward for the Joint Venture and greatly enhances the ability to advance the decline ramp," said George Paspalas, MAG Silver's President and CEO.

About MAG Silver Corp. (www.magsilver.com)

MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) is focused on advancing two significant projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. Currently, we are advancing the underground decline towards the high grade Valdecanas Silver vein and delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all within the joint venture between MAG Silver (44%) and Fresnillo plc (56%). In addition, we are negotiating surface access in order to further delineate our district scale, 100% owned Cinco de Mayo property in Chihuahua state, where two new silver, lead, zinc discoveries are opening up further growth opportunities for MAG Silver Corp. MAG is based in Vancouver, British Columbia, Canada.

On behalf of the Board of

MAG SILVER CORP.

George Paspalas, President and Chief Executive Officer