Indicated Resources: 5.20 Million Tonnes containing 110.8 million ounces of silver, 321,300 ounces of gold
Inferred Resources: 7.72 Million Tonnes containing 93.3 million ounces of silver, 387,200 ounces of gold
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/01/10 -- MAG Silver Corp. (TSX: MAG)(NYSE Amex: MVG) ('MAG' or the 'Company') announces an independent updated mineral resource estimate for the Juanicipio Property made by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) on behalf of MAG Silver. The Juanicipio property, located in the Fresnillo District, Zacatecas State, Mexico, is owned and operated by Minera Juanicipio S.A. de C.V., a Mexican incorporated joint venture company held 56% by Fresnillo plc and 44% by the Company. The updated mineral resource estimate is based on drill results available to September 8, 2010 and used methods similar to the previous estimate of March 2009. A National Instrument 43-101 technical report documenting the mineral resource estimate will be filed on SEDAR within 45 days.
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