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First Majestic Silver Corp.

Published : November 13th, 2009

Completes Acquisition of Normabec Mining Resources; Normabec Spins Out Brionor Resources Inc.

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Re:   News Release - Friday, November 13, 2009
      First Majestic Completes Acquisition of Normabec Mining
      Resources; Normabec Spins Out Brionor Resources Inc.
=======================================================================

VANCOUVER, November 13, 2009 - First Majestic Silver Corp. ("First
Majestic") (TSX: FR), Normabec Mining Resources Ltd. ("Normabec")
(TSX-V: NMB) and Brionor Resources Inc. ("Brionor") are pleased to
announce the closing today of the plan of arrangement (the
"Arrangement") previously announced in the joint news release of First
Majestic and Normabec dated September 14, 2009.

Under the Arrangement, First Majestic today acquired all of the issued
and outstanding shares of Normabec and Brionor acquired all of the
non-Mexican assets of Normabec, including the Pitt Gold Property
located in Quebec.  Holders of Normabec shares will receive 0.060425
First Majestic shares and 0.25 Brionor shares for each Normabec common
share held.

Concurrent with the completion of the Arrangement, First Majestic
purchased, via a private placement, 2,115,195 common shares of Brionor
for an aggregate purchase price of C$300,000, representing a price per
share of approximately C$0.1418.  These shares represent 9.9% of the
total issued and outstanding shares of Brionor after completion of the
transactions.

Shares of Brionor are expected to commence trading on the TSX Venture
Exchange under the symbol BNR by Wednesday, November 18, 2009.  Until
the shares of Brionor commence trading separately, Normabec will
continue to be listed and trading on the TSX Venture Exchange.  Shares
of Normabec purchased on the Exchange will represent only the right to
receive shares of First Majestic and Brionor based on the exchange
ratios described above.

Former shareholders of Normabec will receive the shares of First
Majestic and Brionor to which they are entitled upon delivery to
Computershare Trust Company of Canada of the certificates previously
representing their Normabec shares together with a duly completed
letter of transmittal.  Shareholders are encouraged to contact
Computershare for further information concerning the exchange process.

Gryphon Partners acted as financial advisor to First Majestic and
Haywood Securities Inc. acted as financial advisor to Normabec in
connection with the Arrangement. 

About First Majestic

First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver
producer through the development of its existing assets and the pursuit
through acquisition of additional assets that contribute to achieving
its corporate growth objectives. Presently First Majestic owns three
operating silver mines in Mexico, the La Encantada, the La Parrilla,
and the San Martin Silver Mines, as well as a project undergoing
pre-feasibility known as the Del Toro Silver Mine.

About Brionor

Brionor is a junior mining exploration company with a portfolio of
exploration projects including the 100% owned Pitt Gold Project in
Quebec.   
 
Contact for further details;

First Majestic Silver Corp.
TEL:     604-688-3033        
EMAIL:   info@firstmajestic.com
WEBSITE: http://www.firstmajestic.com

Brionor Resources Inc.
TEL:     450-441-9177
EMAIL:   robert.ayotte@videotron.ca


First Majestic Silver Corp.

(signed) "Keith N. Neumeyer"
Keith N. Neumeyer, President & CEO


Brionor Resources Inc.

(signed) "Robert Ayotte"     
Robert Ayotte, President & CEO

This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical fact, included herein, including without limitation,
statements regarding potential mineralization and reserves, exploration
results and future plans and objectives of First Majestic Silver Corp.
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.

The securities issuable under the Arrangement have not been and will
not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state, and are expected to be
issued pursuant to exemptions from such registration requirements.

=======================================================================
Copyright (c) 2009 FIRST MAJESTIC SILVER CORP. (TSXV-FR)  All rights
reserved.  For more information visit our website at
http://www.firstmajestic.com/ or send mailto:investor@firstmajestic.com
=======================================================================
.
Companies Mentionned : Brionor | First Majestic | Normabec Mining | Silver Mines |
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

First Majestic Silver Corp.

PRODUCER
CODE : FR.TO
ISIN : CA32076R1029
CUSIP : 32076R1029
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Contact Cpy

First Majestic is a producing silver company based in Canada.

First Majestic produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main assets in production are LA PARRILLA SILVER MINE, LA ENCANTADA (FIRST MAJESTIC SILVER), SAN MARTIN and LA ENCANTADA SILVER MINE in Mexico and its main exploration properties are REAL DE CATORCE, DEL TORO and CUITABOCA in Mexico and PITT ISLAND, PINCOURT, DOMPIERRE and DESJARDINS in Canada.

First Majestic is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 billions as of today (US$ 1.6 billions, € 1.4 billions).

Its stock quote reached its lowest recent point on April 17, 2014 at CA$ 10.12, and its highest recent level on May 30, 2014 at CA$ 9.89.

First Majestic has 155 660 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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TORONTO (FR.TO)OTHER OTC (FRMSF)
12.55-6.06%
TORONTO
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05/02 14:59 -0.810
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