News Releases

Jan 24, 2005
MAG Silver Grants Options

MAG Silver Corp. (TSX-V:MAG) announces that it has granted, subject to any necessary regulatory and shareholder approvals, incentive stock options to purchase up to a total of 175,000 shares to two of its directors. The options are exercisable for a term of five years at the price of $1.06 per share
About MAG Silver Corp.

MAG Silver, based in Vancouver Canada, is focussed on exploration targets in the Mexican Silver Belt that are of interest at any conceivable silver price, in districts with known large-scale production.

On behalf of the Board of
R. Michael Jones

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For further information on behalf of MAG Silver Corp. contact Gordon Neal

Phone: (604) 630-1399
Toll free: (866) 630-1399
Fax: (604) 484-4710

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

You can view the Next News Releases item: Mon Apr 4, 2005, MAG Silver and Peñoles Announce Joint Venture at Juanicipio. You can view the Previous News Releases item: Wed Jan 12, 2005, MAG Silver Appoints Dan MacInnis and Gordon Neal to Executive Team
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