First Majestic Updates Mineral Reserve and Resource Estimates for YE2016 and Files Form 40-F Annual Report

March 31, 2017

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 31, 2017) – FIRST MAJESTIC SILVER CORP. (the “Company” or “First Majestic”) (TSX:FR)(NYSE:AG)(FRANKFURT:FMV)(BVM:AG) is pleased to announce its 2016 Mineral Reserve and Resource estimates for its existing mineral property assets in Mexico as of December 31, 2016. Metal prices used to estimate the 2016 Reserve estimates were increased slightly compared to previous estimates to: $18.00/oz for silver, $1,250/oz for gold, $1.00/lb for lead and $1.15/lb for zinc.

Category: General