First Majestic Appoints Chief Information Officer

First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce the appointment of Mr. Martin Palacios to the position of Chief Information Officer ("CIO").

Mr. Palacios will be responsible for upgrading information technology infrastructure and for implementing new technology processes to assist with the Company's long-term aggressive growth objective of becoming a senior silver producer.

Mr. Palacios brings over 20 years of information technology experience to First Majestic, including over three years with Goldcorp, a senior gold producer, where he held the position of Director of Global Applications and IT (Mexico Region). During his tenure at Goldcorp, he created and implemented the global applications framework for most of Goldcorp's sites, standardized and automated consolidation process. Mr. Palacios was also responsible for prototyping Goldcorp's business intelligence strategy which allows for management at Goldcorp to monitor consolidated operations on a continuous basis with operational dashboards. In addition to his experience with Goldcorp, Mr. Palacios has also consulted for Gemcom Software (a mining solution vendor), provided advisory services to the Jimmy Pattison Group across their portfolio of companies, led the western region IT effectiveness practice for KPMG, he was previously the CIO of Pivotal Corporation and Vice President of Information Technology for Seagate Software.

"I am delighted to be joining the First Majestic team at such an exciting time of expansion and growth," Mr. Palacios said. "As CIO, my goal will be to continue to implement and integrate new financial and operational infrastructure, create a showcase platform for reporting business intelligence and provide effective, scalable, and leading edge solutions to support First Majestic's world-class operations and rapid future growth plans."

Keith Neumeyer, President & CEO of First Majestic states, "Martin's wealth of experience and knowledge, his Mexican heritage and Canadian citizenship and his leadership and vision will add significant value to our expansion efforts in Mexico. It's a very good time in First Majestic's growth cycle to create this new role within our organization and to have someone of Martin's calibre to fill this position. I'm confident that he'll bring forward numerous ideas and solutions to make all our current and future operations more efficient by using all the latest operational and reporting technologies and associated IT infrastructures. We are very fortunate to have him join our management team and we look forward to his strategic IT direction, solutions and support."

First Majestic is a producing silver company focused on silver production in M�xico and is aggressively pursuing its business plan of becoming a senior silver producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its aggressive corporate growth objectives.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO