Not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction
8 October 2008
Fresnillo plc acquisition of shares in MAG Silver
Toronto, London, Mexico City: Fresnillo plc, the world’s largest primary silver producer, announces that on 7 October it acquired a further 2,512,600 common shares of MAG Silver Corp (TSX: MAG, AMEX: MVG) (“MAG Silver”) through the facilities of the Toronto Stock Exchange at an average price of approximately CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure.
Fresnillo plc with its affiliates, including Industrias Peñoles, own a total 9,746,193 common shares or 19.83% of MAG Silver’s common shares outstanding. Subject to applicable law and market conditions, Fresnillo or its affiliates may acquire additional MAG Silver common shares.
For further information contact:
Fresnillo plc
London Office
Octavio Alvidrez, Head of Investor Relations Tel: +44(0)20 7399 2470
Mexico City Office
Gabriela Mayor Tel: +52555 279 3203
Brunswick Tel: +44(0)20 7404 5959
Patrick Handley
Carole Cable