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MAG Reports AGSM Results

MAG Silver Corp.
MAG Silver Corp.

VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) reports that at its annual general and special meeting (the “AGSM”) held on June 22, 2022, MAG’s Shareholders approved by majority: to elect all eight directors standing for election; to re-appoint Deloitte LLP as auditors of the Company; to support the Company’s approach to executive compensation; and to approve the continuation, amendment and restatement of the Company’s Shareholder Rights Plan.

Detailed results of the total shares voted at the AGSM are set out below.

Motions:

Nominees

Total
Votes Cast

Total
Votes For

Total Votes
Withheld

%
For

%
Withheld

Peter Barnes

58,525,822

58,283,623

242,199

99.59

0.41

Tim Baker

58,525,822

58,001,108

524,714

99.10

0.90

Jill Leversage

58,525,822

57,821,167

704,655

98.80

1.20

Selma Lussenburg

58,525,822

58,345,340

180,482

99.69

0.31

Daniel MacInnis

58,525,822

57,891,980

633,842

98.92

1.08

Susan Mathieu

58,525,822

58,391,869

133,953

99.77

0.23

George Paspalas

58,525,822

58,385,708

140,114

99.76

0.24

Dale Peniuk

58,525,822

57,383,640

1,142,182

98.05

1.95


 

Total
Votes Cast

Total
Votes For

Total Votes
Withheld

%
For

%
Withheld

Appointment of Auditors

68,441,246

64,173,260

4,267,986

93.76

6.24


 

Total
Votes Cast

Total
Votes For

Total
Votes Against

%
For

%
Against

Say on Pay

58,525,822

56,720,262

1,805,560

96.91

3.09


 

Total
Votes
Cast

Total
Votes
For

Total
Votes
Against

Total
Votes
Withheld

%
For

%
Against

%
Withheld

Shareholder Rights Plan

50,457,722

47,553,915

1,225,714

1,678,093

94.25

2.43

3.33

George Paspalas, President and CEO of MAG, extends his thanks to the Shareholders of the Company for their continued strong support.

ANNUNCIO PUBBLICITARIO

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

MAG Silver Corp. is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the operator is currently developing an underground mine and constructing a 4,000 tonnes per day processing plant. Underground mine production of mineralized development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio. MAG is also executing a multi-phase exploration program at the Deer Trail 100% earn-in project in Utah, and has recently acquired the Larder Lake project located in the historically prolific Abitibi region of Canada.

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, impacts (both direct and indirect) of COVID-19, timing of receipt of required permits, changes in applicable laws, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the MAG Silver’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.

Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov.

LEI: 254900LGL904N7F3EL14

CONTACT: For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, VP Investor Relations and Communications Phone: (604) 630-1399 Toll Free: (866) 630-1399 Website: www.magsilver.com Email: info@magsilver.com