MAG Silver Urges Shareholders to Vote in Favor of Pan American Silver Arrangement

MAG Silver reminds shareholders to vote for the plan of arrangement with Pan American Silver Corp. by July 8, 2025. The Board of Directors and leading proxy advisory firms recommend voting FOR the arrangement. Shareholders can submit their vote to ensure their vote is counted.

MAG Silver Corp. (TSX / NYSE American: MAG) has reminded its shareholders to vote on the company's upcoming special meeting to consider the previously announced plan of arrangement with Pan American Silver Corp. (the "Arrangement"). The vote is crucial for the shareholders to ensure their voices are heard in the decision-making process.

The meeting will be held in person at 1133 Melville Street, Suite 3500, Vancouver, British Columbia, Canada on July 10, 2025, at 9:00 a.m. (Vancouver time). Shareholders are encouraged to submit their vote FOR the Arrangement before the proxy voting deadline on Tuesday, July 8, 2025, at 9:00 a.m. (Vancouver time). This represents the recommendation of the Board of Directors of the Company and leading independent proxy advisory firms, including Institutional Shareholder Services (ISS) and Glass Lewis.

The Arrangement involves Pan American Silver Corp. acquiring all of the issued and outstanding common shares of MAG Silver Corp. through a plan of arrangement. As part of the agreement, MAG shareholders will receive approximately $2.1 billion in total, which represents $20.54 per MAG share. This deal will give Pan American Silver Corp. a 44% ownership interest in the Juanicipio mine, a large-scale, high-grade, low-cost silver mine in Zacatecas, Mexico.

The Juanicipio mine is expected to produce between 14.7 and 16.7 million ounces of silver in 2025. The mine has good opportunities for further exploration and strengthens Pan American Silver Corp.'s position as one of the world's premier silver producers.

For those who have questions or need assistance with voting, Kingsdale Advisors, MAG's strategic advisor, can be contacted using the following methods: Call: 1-800-775-1986 (toll-free in North America), Call: 1-416-623-2517 (text and call enabled outside North America), Email: contactus@kingsdaleadvisors.com.

Additional information regarding the Arrangement, including the rights and entitlements of Shareholders, can be found in the Company's information circular dated June 6, 2025, and accompanying meeting materials. These materials were mailed to all Shareholders of record as of June 2, 2025, and are also available on the Company's website at https://magsilver.com/investors/#panamerican-meeting and under the Company's profile on SEDAR+ at www.sedarplus.ca.

MAG Silver Corp. is a growth-oriented Canadian mining and exploration company focused on advancing high-grade, district-scale precious metals projects in the Americas. The company is a top-tier primary silver mining company through its 44% joint venture interest in the Juanicipio Mine, operated by Fresnillo (56%). MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.

For further information on behalf of MAG Silver Corp., please contact Fausto Di Trapani, Chief Financial Officer. Phone: (604) 630-1399 Toll Free: (866) 630-1399 Email: info@magsilver.com.

References:
[1] https://finance.yahoo.com/news/mag-silver-reminds-shareholders-vote-105000055.html
[2] https://finance.yahoo.com/news/pan-american-paas-agrees-acquire-064811333.html