MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development 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. Our principal focus and asset is the Juanicipio Property (44%), being developed in partnership with Fresnillo Plc (56%) and is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. We are presently developing the underground infrastructure on the property, with the operational expertise of our joint venture partner, Fresnillo plc, to support a 4,000 tonnes per day mining operation. As well, we have an expanded exploration program in place investigating other highly prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de Mayo property in Mexico while we seek other high-grade, district scale opportunities.
Highest Grade Developing Silver Asset in the World / Proven Operator Expertise - Fresnillo Plc
US$142 Million NO DEBT / Experienced Management Team
Continued Excellent Exploration Potential & Proven Discovery Success
Cautionary / Forward Looking Statements
MAG Silver Corp. is a Canadian issuer.
This presentation is prepared by MAG Silver Corp (“MAG – TSX / MAG – NYSE: A”) management and MAG is solely responsible for content and format.
Peter Megaw, C.P.Geo, MAG’s Chief Exploration Officer is a non-independent Qualified Person and has reviewed this presentation and its content derived
from industry information and 43-101 reports and news releases with specific underlying Qualified Persons as set out in the releases and reports. Industry
Information has been compiled from publicly available sources and may not be complete, up to date or reliable. Neither the TSX nor the New York Stock
Exchange American has reviewed or accepted responsibility for the accuracy or adequacy of this presentation, which has been prepared by management.
This presentation contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Such forward looking statements are
subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are
not limited to: the Company’s ability to raise capital to fund development and exploration, changes in general economic conditions or financial markets,
changes in metal prices, general cost increases, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments
in Mexico or Canada, technological and operational difficulties or inability to obtain permits encountered in connection with the Company’s exploration
activities, community and labor relations matters and changes in foreign exchange rates, all of which are described in more detail in the Company’s filings
with the Canadian securities regulators at www.sedar.com and the US. Securities and Exchange Commission at www.sec.gov/edgar.com There is no
certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. MAG does
not assume any obligation to update forward looking information, other than as required by applicable law.
Cautionary note to investors concerning estimates of Indicated and Inferred mineral resources. This document uses the terms "Indicated Mineral
Resources” and “Inferred Mineral Resources". MAG advises investors that although these terms are recognized and required by Canadian regulations
(under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize these
terms. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In
addition, "Inferred Mineral Resources" have a great amount of uncertainty as to their existence. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources are considered too
speculative geologically to have the economic considerations applied to them to enable them to be categorized as mineral reserves and, accordingly,
Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a “Preliminary Economic
Assessment” as defined under Canadian National Instrument 43-101.Investors are cautioned not to assume that part or all of an Inferred Mineral Resource
exists, or is economically or legally mineable. Please see additional information on SEDAR and on EDGAR.
This presentation is for information purposes only and is not a solicitation. Please contact the Company for complete information and consult a registered
investment representative / advisor prior to making any investment decision.
Note to U.S. Investors: Investors are urged to consider closely the disclosure in our Form 40F, File # 001-33574, available at our office: Suite 770-800
West Pender, Vancouver BC, Canada, V6C 2V6 or from the SEC: 1(800)-SEC-0330. The Company may access safe harbor rules.
Investors are urged to consider closely the disclosures in MAG Silver's annual and quarterly reports and other public filings, accessible through the Internet
at www.sedar.com and www.sec.gov/edgar/searchedgar/companysearch.html
“AISC” means All-in sustaining costs. The projected AISC was calculated by the authors of the 2017 PEA at a cost of $5.02/Ag by summing life of mine
offsite and operating costs, taxes, duties and royalties and sustaining capital, all net of by-product revenues, and dividing the resulting total by the total
payable ounces of silver projected to be produced over the life of mine. AISC is not a recognized measure under IFRS and this projected financial
measure may not be comparable to AISC metrics presented by other silver producers.