Pan American Silver Acquires MAG Silver, Adding Juanicipio Mine and Exploration Projects.

Pan American Silver has completed its acquisition of MAG Silver, adding a 44% joint venture interest in the Juanicipio Mine in Mexico, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project. The acquisition enhances Pan American's silver reserve base and provides significant near-term cash flow growth and long-term exploration potential. Former MAG shareholders now own approximately 14.3% of Pan American's issued and outstanding shares.