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VANCOUVER, British Columbia, March 29, 2018 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (TSX:FR) (NYSE:AG) (Frankfurt:FMV) (the “Company” or “First Majestic”) is admiring to advertise its 2017 Mineral Assets and Ability estimates for its absolute mineral acreage assets in Mexico with an able date of December 31, 2017 and with an ysis absolute date of October 31, 2017.

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2017 Highlights:

“First Majestic boarded on its best advancing ysis affairs in 2017 by commutual 156,540 metres of design conduct beyond its Mexican assets which I’m admiring to see a advantageous 11% admission in the all-around assets abject as able-bodied as a cardinal of cogent new discoveries at La Parrilla and Santa Elena,” declared Keith Neumeyer, President and CEO. “Total assets grades additionally bigger at anniversary of the operating mines with the barring of La Encantada which remained banausic compared to 2016.  These 2017 estimates did not abduction the abounding year’s account of conduct due to time delays for appraisal advertisement and block modelling, however, it’s absolute auspicious to see that the renewed advance in ysis are assuming absolute after-effects on our affluence and resources.  Our advancing ysis affairs is continuing into 2018 with 183,000 metres of design conduct planned beyond our amount assets in Mexico. A aloft focus of the 2018 affairs will be to abide accretion accepted assets at the Cerro de Santiago ysis in La Parrilla and the Ermitaño West activity in Santa Elena in adjustment to added admission the abundance activity at anniversary of these assets.”

The afterward table shows the absolute burden mined from anniversary of the Company’s six bearing backdrop during 2017, including absolute ounces of argent and argent agnate ounces produced from anniversary acreage and the burden mined from delineated Affluence and Assets at anniversary property. A allocation of the assembly from anniversary abundance came from absolute added than Affluence or Resources, as set out beneath beneath the branch “Material Not in Reserves”.

2017 Assembly Table

(1) Silver-equivalent ounces are estimated considering: metal amount assumptions, metallurgical accretion for the agnate mineral type/mineral action and the metal payable of the agnate arrangement of anniversary mine. Capacity as to the adjustment of adding can be begin in the applicative tables in anniversary abundance breadth of the 2017 Annual Advice Form.(2) Totals may not add up due to rounding.

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The argent amount acceptance acclimated to appraisal the 2017 Affluence remained banausic at $18.00/oz compared to the antecedent estimate. However, the amount assumptions for gold, advance and zinc were added hardly to $1,300/oz for gold ( $50/oz), $1.20/lb for advance ( $0.20/lb) and $1.40/lb for zinc ( $0.25/lb) compared to the antecedent estimate.

2017 Analysis Results

The Aggregation completed a absolute of 156,540 metres of design conduct at its six operating mines in 2017, apery a 60% admission in metres accomplished compared to the above-mentioned year. The Aggregation was acknowledged at advertent assorted new ore bodies beyond the portfolio of assets, however, the two best cogent discoveries were the Cerro de Santiago in La Parrilla and the Ermitaño West activity in Santa Elena. 

The Cerro de Santiago breadth is amid in the basin to the east of the San Marcos abundance and consists of a acropolis fabricated of silica lying over Cretaceous limestones. The silica basic the acropolis has characteristics of a silica sinter drop but added studies are bare to affirm this hypothesis. The Cretaceous limestones that beleaguer the Cerro de Santiago host a arrangement of quartz-calcite-fluorite veins and breccias that bang predominantly NNW.

The aggregation conducted a design conduct attack beneath the silica cap and accepted the attendance of Fresnillo-type epithermal mineralization. In 2017, bristles holes were accomplished at the arctic allocation of the acropolis area a arrangement of veins and stockwork alignment in credible widths from 0.3 to 3.0 metres were intercepted about 300 metres beneath the silica cap. The anew apparent veins are amid about 1,500 metres east and 150 metres beneath absorption akin 11 in San Marcos mine. The Aggregation is planning to assignment about 11,000 ysis metres at Cerro de Santiago in 2018 and affairs on advancing underground development in the added bisected of 2018, awaiting added assignment results, to accompany Cerro de Santiago into assembly in backward 2019 to aboriginal 2020.

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Another cogent 2017 ysis occurred at the Ermitaño West activity in Santa Elena amid 4 kilometres to the south of the operating mill. The activity contains epithermal mineralization in the capital Ermitaño West attitude which consists of massive and affiliated quartz attitude absolute associated with stockwork and narrower veins at the blind wall. Ten design assignment holes were completed in 2017 forth the capital Ermitaño West attitude which has initially authentic an Inferred Ability of 40.8 actor argent agnate ounces with boilerplate argent and gold grades of 68 g/t and 4.0 g/t, respectively. In backward 2017, the Aitana attitude was apparent at the blind bank of Ermitaño West with an estimated accurate array of 5.7 metres, 0.7 g/t Au and 11 g/t Ag; the attitude was intercepted by one aperture about 50 metres beneath apparent acclivity and charcoal to be explored at abyss area college concentrations of gold and argent are accepted to be recovered. Due to the ysis success in 2017, the Aggregation is planning to complete a 13,000 accent assignment affairs at Ermitaño in 2018 for infill and amplification conduct at abyss as able-bodied as yze the afresh apparent Aitana vein.

2018 Analysis Program   For 2018, First Majestic is planning to advance a absolute of $27.4 actor appear ysis to assignment about 183,000 metres beyond its amount Mexican assets. The 2018 ysis affairs will abide of about 25,000 metres of design conduct advised to advancement Assets to Affluence at the six operating mines; about 136,000 metres of design conduct advised to admission or add new Measured & Indicated or Inferred Assets at the six operating mines, with a focus at Cerro de Santiago in La Parrilla, Nazareno in La Guitarra and the Ermitaño West activity in Santa Elena; and assignment about 22,000 metres at the Plomosas Argent Project.

Reserves and Assets Update

As of December 31, 2017, Proven and Probable Affluence totaled 120.2 actor argent agnate ounces, apery an 11% admission in metal agreeable compared to the above-mentioned appraisal of December 31, 2016 (as adapted pursuant to the abstruse letters filed on December 20, 2017 apropos Del Toro, La Parrilla and San Martin). The best cogent admission in affluence were accomplished at Santa Elena, La Parrilla and San Martin, which added 38%, 26% and 24%, respectively, compared to the antecedent estimates.    

The Company’s circumscribed Measured and Indicated Assets totaled 137.0 actor argent agnate ounces, apery a 9% admission from 2016 estimates admitting burning from production. In addition, Inferred Assets added 22% to 227.8 actor argent agnate ounces primarily due to absolute ysis after-effects in Santa Elena and La Encantada.

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The complete 2017 Mineral Assets and Ability estimates for all metals, burden and grades are apparent beneath in the afterward tables:

Proven and Probable Mineral Affluence with an able date of December 31, 2017

(1) Mineral Affluence accept been classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Assets and Mineral Reserves, whose definitions are congenital by advertence into NI 43-101.(2) Metal prices advised for Mineral Affluence estimates were $18.00 /oz Ag, $1,300 /oz Au, $1.10 /lb Pb, and $1.40 /lb Zn.(3) The Mineral Affluence advice provided aloft is based on centralized estimates able as of December 31, 2017. The advice provided was advised and accurate by Ramon Mendoza Reyes, P. Eng., QP Mining for First Majestic, who has the adapted accordant qualifications, and acquaintance in mining and affluence admiration practices.(4) Silver-equivalent brand is estimated considering: metal amount assumptions, metallurgical accretion for the agnate mineral type/mineral action and the metal payable of the agnate arrangement of anniversary mine. Admiration capacity are listed in anniversary abundance breadth of the 2017 Annual Advice Form.(5) The absolute grades and modifying factors acclimated to catechumen Mineral Affluence from Mineral Assets are altered for all mines. The absolute grades and factors are listed in anniversary abundance breadth of the 2017 Annual Advice Form.

Measured and Indicated Mineral Assets with an able date of December 31, 2017

(1) Mineral Assets accept been classified in accordance with the CIM Definition Standards on Mineral Assets and Mineral Reserves, whose definitions are congenital by advertence into NI 43-101.(2) In all cases, metal prices advised for Mineral Ability estimates were $20.00/oz Ag, $1,450/oz Au, $1.20/lb Pb, and $1.50/lb Zn.(3) The Mineral Assets advice provided aloft is based on centralized estimates able as of December 31, 2017. The advice provided was advised and accurate by Jesus M. Velador Beltran, MMSA, QP Cartography for First Majestic, who has the adapted accordant qualifications, and acquaintance in cartography and ability estimation. (4) Silver-equivalent brand is estimated considering: metal amount assumptions, metallurgical accretion for the agnate mineral type/mineral action and the metal payable of the agnate arrangement of anniversary mine. Admiration capacity are listed in anniversary abundance breadth below.(5) The absolute grades acclimated to appraisal Mineral Assets are altered for all mines. The absolute grades and silver-equivalent factors are listed in anniversary abundance breadth of the 2017 Annual Advice Form. (6) Measured and Indicated Mineral Assets are appear across-the-board of Mineral Reserves.

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Inferred Mineral Assets with an able date of December 31, 2017

(1) Mineral Assets accept been classified in accordance with the CIM Definition Standards on Mineral Assets and Mineral Reserves, whose definitions are congenital by advertence into NI 43-101.(2) In all cases, metal prices advised for Mineral Ability estimates were $20.00/oz Ag, $1,450/oz Au, $1.20/lb Pb, and $1.50/lb Zn.(3) The Mineral Assets advice provided aloft is based on centralized estimates able as of December 31, 2017. The advice provided was advised and accurate by Jesus M. Velador Beltran, MMSA, QP Cartography for First Majestic, who has the adapted accordant qualifications, and acquaintance in cartography and ability estimation.(4) Silver-equivalent brand is estimated considering: metal amount assumptions, metallurgical accretion for the agnate mineral type/mineral action and the metal payable of the agnate arrangement of anniversary mine. Admiration capacity are listed in anniversary abundance breadth below.(5) The absolute grades acclimated to appraisal Mineral Assets are altered for all mines. The absolute grades and silver-equivalent factors are listed in anniversary abundance breadth of the 2017 Annual Advice Form.(6) Inferred Mineral Ability estimates for La Joya Activity are based on the 2013 Preliminary Bread-and-er Assessment Abstruse Address aggregate for SilverCrest.

The Aggregation additionally announces that its 2017 Annual Advice Form has been filed on SEDAR.  In addition, a Form 40-F address has been filed with the United States Balance and Exchange Commission and is accessible on EDGAR.  Both abstracts are additionally accessible on the Company’s website at www.firstmajestic.com.

Shareholders may additionally accept a archetype of First Majestic’s Annual Address which includes the audited banking statements, after charge, aloft appeal to First Majestic, Suite 1800 – 925 West Georgia Street Vancouver, B.C., Canada, V6C 3L2 or to [email protected]

Mr. Ramon Mendoza Reyes, Vice President Abstruse Services for First Majestic, is a “Qualified Person” as such appellation is authentic beneath Civic Instrument 43-101, and has advised and accustomed the abstruse advice appear in this account release.

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About the Company

First Majestic is a mining aggregation focused on argent assembly in Mexico and is aggressively advancing the development of its absolute mineral acreage assets. The Aggregation anon owns and operates six bearing argent mines; the Santa Elena Silver/Gold Mine, the La Encantada Argent Mine, the La Parrilla Argent Mine, the San Martin Argent Mine, the Del Toro Argent Abundance and the La Guitarra Argent Mine. Assembly from these six mines is projected to be amid 10.6 to 11.8 actor ounces of authentic argent or 15.7 to 17.5 actor ounces of argent equivalents in 2018.

FOR FURTHER INFORMATION acquaintance [email protected], appointment our website at www.firstmajestic.com or alarm our assessment chargeless cardinal 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.“signed”Keith Neumeyer, President & CEO

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

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This account absolution includes assertive “Forward-Looking Statements” aural the acceptation of the United States Private Balance Litigation Reform Act of 1995 and applicative Canadian balance laws. When acclimated in this account release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and agnate words or expressions, yze advanced statements or information. These advanced statements or advice chronicle to, amid added things: the amount of argent and added metals; the accurateness of mineral assets and ability estimates and estimates of approaching assembly and costs of assembly at our properties; estimated assembly ante for argent and added payable metals produced by us, the estimated amount of development of our development projects; the furnishings of laws, regulations and government behavior on our operations, including, after limitation, the laws in Mexico which currently accept cogent restrictions accompanying to mining; accepting or advancement all-important permits, licences and approvals from government authorities; and connected admission to all-important infrastructure, including, after limitation, admission to power, land, baptize and anchorage to backpack on activities as planned.

These statements reflect the Company’s accepted angle with account to approaching contest and are necessarily based aloft a cardinal of assumptions and estimates that, while advised reasonable by the Company, are inherently accountable to cogent business, economic, competitive, political and amusing uncertainties and contingencies. Abounding factors, both accepted and unknown, could account absolute results, achievement or achievements to be materially altered from the results, achievement or achievements that are or may be bidding or adumbrated by such advanced statements or advice and the Aggregation has fabricated assumptions and estimates based on or accompanying to abounding of these factors. Such factors include, after limitation: fluctuations in the atom and advanced amount of silver, gold, abject metals or assertive added t (such as accustomed gas, ammunition oil and electricity); fluctuations in the bill markets (such as the Canadian dollar and Mexican peso adjoin the U.S. dollar); changes in civic and bounded government, legislation, taxation, controls, regulations and political or bread-and-er developments in Canada, Mexico; operating or abstruse difficulties in affiliation with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including ecology hazards, automated accidents, abnormal or abrupt formations, pressures, cave-ins and flooding); risks apropos to the acclaim ability or banking action of suppliers, refiners and added parties with whom the Aggregation does business; disability to access able allowance to awning risks and hazards; and the attendance of laws and regulations that may appoint restrictions on mining, including those currently allowable in Mexico; agent relations; relationships with and claims by bounded communities and aboriginal populations; availability and accretion costs associated with mining inputs and labour; the abstract attributes of mineral ysis and development, including the risks of accepting all-important licenses, permits and approvals from government authorities; abbreviating quantities or grades of mineral affluence as backdrop are mined; the Company’s appellation to properties; and the factors articular beneath the explanation “Risk Factors” in the Company’s Annual Advice Form, beneath the explanation “Risks Apropos to First Majestic’s Business”.

Investors are cautioned adjoin advertence disproportionate authoritativeness to advanced statements or information. Although the Aggregation has attempted to yze important factors that could account absolute after-effects to alter materially, there may be added factors that account after-effects not to be anticipated, estimated or intended. The Aggregation does not intend, and does not accept any obligation, to amend these advanced statements or advice to reflect changes in assumptions or changes in affairs or any added contest affecting such statements or information, added than as appropriate by applicative law.

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