23 Sep 2008 07:00
Not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction
Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
23 September 2008
Fresnillo plc acquisition of shares in MAG Silver
Toronto, London, Mexico City: Fresnillo plc, the world's largest primary silver producer, announces that on 22 September it acquired 5 million common shares of MAG Silver Corp (TSX: MAG, AMEX: MVG) ("MAG Silver") through the facilities of the Toronto Stock Exchange at a price of $5.31 Canadian dollars per share. These shares, together with shares already owned by Fresnillo plc and its affiliate Peñoles, total 7,233,593 common shares, and represent approximately 14.7% of MAG Silver's common shares outstanding, based on MAG Silver's public disclosure. Depending on market conditions, Fresnillo plc intends to continue to acquire additional MAG Silver common shares.
For further information contact:
Fresnillo plc
London Office Tel: +44 20 7399 2470
Octavio Alvidrez, Head of Investor Relations
Mexico City Office Tel: +52 555 279 3203
Gabriela Mayor
Brunswick Tel: +44 20 7404 5959
Patrick Handley, Carole Cable
Fresnillo (FRES)