Acquisition of shares in MAG

RNS Number : 0371E

Fresnillo PLC

23 September 2008

 



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: [phone]

Octavio Alvidrez, Head of Investor Relations            

Mexico City Office                                                        Tel: [phone]

Gabriela Mayor                        

Brunswick                                                                     Tel: [phone]

Patrick Handley, Carole Cable

 

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