MAG Silver reports that it has established a Special Committee of the Board of Directors to look at strategic alternatives for MAG Silver.

This is in response to Fresnillo plc's acquisition of 9,746,193 of the issued and outstanding shares of the Company representing a 19.83% interest (see Table "A" below). Fresnillo is the Company's joint venture partner in, and operator of, MAG's core asset, 44% of the Minera Juanicipio Joint Venture.

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