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Nov 25, 2002
Agreement Announced


MEGA CAPITAL INVESTMENTS INC. (the "Company") announces that it is proceeding with its August 12, 2002 announced agreement to acquire 98% of the issued and outstanding common shares of Minera Los Lagartos, S.A. de C.V. ("Lagartos") for the sum of US$5,000 plus US$50,000 to be used for repayment of funds advanced in respect of an option by Minera Cascabel S.A. de C.V., plus applicable purchase and transfer costs. Lagartos holds an option to acquire a 100% interest in the Juanicipio Property located in the Fresnillo District, Zacatecas, Mexico. The proposed acquisition by the Company of Lagartos (the "Transaction") will serve as the Company's qualifying transaction pursuant to Policy 2.4 of the TSX Venture Exchange (the "Exchange").

In addition, the Company announces that Lagartos has recently entered into options to acquire interests in two additional properties.

Don Fippi Project
Pursuant to an arm's length agreement (the "Don Fippi Agreement") dated as of November 18, 2002, Lagartos acquired from Minera Bugambilias S.A. de C.V. the option to acquire a 100% interest in the Don Fippi property located in the Batopilas, Chihuahua district of Mexico. To earn its interest, over a five year period, Lagartos must pay US$550,000 and incur $4,000,000 of expenditures, and the Company must issue up to 2,100,000 shares, subject to the acceptance of the Exchange.

Alternatively, the option may be exercised at any time by paying such amount as is required to make the total payments to the optionor aggregate US$550,000 and the issuance of an aggregate of 2,100,000 shares of the Company.

Lagartos will pay the optionor a 4.5% net smelter return royalty.

Lagartos may terminate the option at any time, but must pay the applicable taxes for the following semester.

Lagartos has a right of first refusal in the event that the optionor wishes to dispose of its interest in the option agreement or NSR.

Guigui Project
Pursuant to an arms' length agreement (the "Guigui Agreement") dated as of November 18, 2002, Lagartos acquired from Minera Coralillo S.A. de C.V. the option to acquire a 100% interest in the Guigui property located in the Santa Eulalia, Chihuahua district of Mexico. To earn its interest, over a four year period, Lagartos must pay US$550,000 and incur $2,500,000 of expenditures, and the Company must issue up to 2,100,000 shares, subject to the acceptance of the Exchange.

Alternatively, the option may be exercised at any time by paying such amount as is required to make the total payments to the optionor aggregate US$550,000 and the issuance of an aggregate of 2,100,000 shares of the Company.

Lagartos will pay the optionor a 2.5% net smelter return royalty. Lagartos may terminate the option at any time, but must pay the applicable taxes for the following semester.

Lagartos has a right of first refusal in the event that the optionor wishes to dispose of its interest in the option agreement or NSR. Upon completion of the Transaction, the Company intends to continue with the business of Lagartos as described above.

Finders' Fee
In connection with the acquisitions by the Company, through Lagartos, of the Juanicipio, Don Fippi and Guigui properties, subject to the approval of the Exchange, the Company will pay an aggregate finders' fee of 500,000 shares to George S. Young and R. Michael Jones.

New Officer
On closing of the Transaction, George S. Young will become the new President of the Company. Mr. Young is an attorney and engineer by profession, currently practicing law with the firm of Pruitt Gushee & Bachtell in Salt Lake City, Utah. He also holds a B.Sc. in Metallurgical Engineering and began his career at Kennecott Copper Corporation involved in the construction and start-up of a new copper smelter and later as general counsel and in management of major mining corporations and utilities. Previous positions include the President, CEO and Director of Oro Belle Resources Corporation; Vice-President Law of Canyon Resources Corporation; Director of South American Operations of American Resource Corporation; General Counsel for Bond International Gold, Inc.; General Counsel for Intermountain Power Agency; and Legal Supervisor, U.S. Minerals and Coal Division for Getty Oil Company.

Private Placement
The Company plans to issue up to 900,000 special warrants at the price of $0.25 per Special Warrant to raise up to $225,000 on a private placement basis. A portion of these funds will be advanced to Lagartos to be used to make payments required to keep the options in good standing pending completion of the Transaction. Each Special Warrant will be exercisable into one common share of the Company (a "Share") and one-half of one non-transferable share purchase warrant (a "Share Purchase Warrant"). Each Share Purchase Warrant entitles the holder to purchase one additional common share of the Company at the price of $0.40 for two years from the date the Special Warrants are issued. The Special Warrants will be deemed to be exercised on the date that is the earlier of 12 months following the date the Special Warrants are issued and the date a receipt is issued for a prospectus of the Company qualifying the distribution of the Shares and Share Purchase Warrants.

Name Change
Following the closing of the Transaction, the Company proposes to change its name to MAG Silver Corp. Approval of the shareholders to this change will be sought at the next AGM of the Company, in mid 2003.

General
Completion of the Transaction is subject to a number of conditions, including but not limited to Exchange acceptance and the completion of a $1,500,000 financing. There can be no assurance that the Transaction will be completed as proposed or at all.

Trading in the securities of a capital pool company should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

On behalf of the Board of
MEGA CAPITAL INVESTMENTS INC.
"Dave Pearce"
President and Director
Company Contact:
Mega Capital Investments Inc. Attn. Dave Pearce
Phone: (604) 922-0010
Fax: (604) 922-6674
E-mail: davepearce@telus.net


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