About MAG Silver Corp.
MAG is a leading silver exploration and emerging development company in Mexico.
The high-grade silver discoveries at our Juanicipio property are helping transform the Fresnillo Trend, the world's oldest and most prolific silver district. Work with partner Fresnillo plc (56%), is defining a world-class mineral resource - key to next-generation production by the world's largest primary silver miner.
Continuing results from our 100% owned Cinco de Mayo property confirm that the Pozo Seco zone not only represents an emerging Moly (Gold) deposit target in its own right, but also represents an important indicator of nearby significant Lead-Zinc-Silver mineralization typical of the carbonate replacement deposits (CRDs) in this part of Mexico. A step out of 1.1 km from Pozo Seco also intercepted the system with indications that the potential Lead-Zinc-Silver root of the system may be near. Drilling continues with several rigs conducting step out and infill drilling.
MAG wholly owns over 100 square miles of prospective ground throughout Mexico. With our successful geological modeling of both the epithermal vein systems of the Fresnillo Silver Trend and the carbonate replacement deposits (CRDs) in the Chihuahua Trough, MAG is a leader in the application of modern geoscience in the venerable Mexican Silver Belt.
The Company approved their 2010 exploration budget for approximately $9.4 miilion, of which $7.2 million is earmarked for MAG's wholly owned properties, including 30,000 metres of diamond drilling.

MAG Fact Sheet July 2010
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