FIRST MAJESTIC SILVER CORP.

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Type: Public
Classification: Monitor

Stock Quote: TSX:FR, FWB:FMV

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925 West Georgia St., Suite 1805
VANCOUVER
British Columbia
Canada, V6C 3L2
Phone: +1 (604) 688-3033
Fax: +1 (604) 639-8873
Toll Free: 1-866-529-2807

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Building a Mid-Tier Silver Producer Through Acquisition and Development

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First Majestic Silver Corp. (TSX: FR) is a pure silver mining company focused on Mexico. With three silver mines in production and over 90% silver revenues, First Majestic is just beginning to advance on its objective of rapid growth through acquisition and development, offering investors an ideal leverage to the price of silver.

Strategy

Rapid growth through acquisition and development
Planning to acquire additional, producing silver assets in Mexico
Large, unexplored highly prospective land package

Current Projects

Management

President and CEO Keith Neumeyer was Founder and President of First Quantum Minerals (TSX: FM), a major copper producer
Chief Operating Officer/Director Ramon Davila was previously President of Pan American Silver’s Mexican operations

For more information visit...
www.firstmajestic.com

Company News

Thursday, May 14, 2009

First Majestic announce the unaudited financial results for the company's first quarter ending March 31, 2009. The company generated net income after taxes of $0.9 million for the first quarter ended March 31, 2009 compared to net income after taxes of $1.1 million for the quarter ended March 31, 2008, and a net loss after taxes of $5.5 million for the fourth quarter ended December 31, 2008. Total production for the quarter ended March 31, 2009 was 1,040,117 ounces of silver equivalents consisting of 929,964 ounces of silver, 491 ounces of gold and 1,828,739 pounds of lead. This compares to the 1,061,720 ounces of silver equivalents produced in the quarter ended March 31, 2008, which consisted of 895,358 ounces of silver, 240 ounces of gold, 1,857,897 pounds of lead and 318,539 pounds of zinc. Total production for the quarter ended December 31, 2008 was 1,056,219 ounces of silver equivalents which included 930,120 ounces of silver, 403 ounces of gold and 2,093,988 pounds of lead.

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