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Re:   News Releases - Monday, March 23, 2009
      First Majestic receives Mexican Distinction as a "Socially
      Responsible Business"
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FIRST MAJESTIC SILVER CORP. (FR-T) ("First Majestic" or the "Company")
is pleased to announce that on March 12th, 2009 the Centro Mexicano
para la Filantropia (CEMEFI) awarded First Majestic the Socially
Responsible Business Distinction for 2008 (Distintivo Empressa
Socialmente Responsable 2008).

This marks the first time that First Majestic has achieved this annual
award of distinction. This award is a significant milestone for the
Company and was accomplished after having demonstrated responsibility,
transparency and sustainability within its operations and projects in
Mexico.

Relevant activities that the Company excelled in to accomplish this
distinction included:Mr. Neumeyer, President & CEO stated; management
at First Majestic feel strongly that being social responsible sets the
foundation for high values and principles within the Company and
supports the mission of growth in a sustainable way taking care of the
most valuable assets; our people and the communities in which we work.

First Majestic Silver Corp. operates three separate mining units within
Mexico; First Majestic Plata, S.A. de C.V., which owns the La Parrilla
Silver Mine, Minera El Pilon, S.A. de C.V., which owns the San Martin
Silver Mine and Minera La Encantada, S.A. de C.V., which owns the La
Encantada Silver Mine. Each of these units is 100% held by Corporaci�n
First Majestic, S.A. de C.V., a wholly owned subsidiary based in
Durango, Mexico.

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.

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

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.

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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
Message sent on Mon Mar 23, 2009 at 3:18:36 PM Pacific Time
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