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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 7, 2017) – MAG Argent Corp. (MAG)(NYSE American:MAG)(NYSE MKT:MAG) (“MAG”) is admiring to advertise the after-effects of an absolute National Instrument 43-101 Technical Report encompassing a new Mineral Ability appraisal and Basic Bread-and-er Appraisal (“PEA”) for the stand-alone Juanicipio Collective Adventure Activity (“Juanicipio Project”) in Zacatecas State, Mexico, endemic 44% by MAG and 56% by the abettor Fresnillo plc (“Fresnillo”). The studies were commissioned by MAG and agitated out by AMC Mining Consultants (Canada) Ltd. (“AMC”). Unless contrarily noted, all numbers are appear in US dollars on a 100% basis.

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The new 2017 PEA categorical beneath stems from the new Mineral Ability appraisal and confirms the Juanicipio Activity as a robust, high-grade, high-margin underground argent activity announcement low development risks. The new PEA incorporates aloft all-embracing activity upgrades accent by the curve and accouterment for mining of abundantly broadcast Indicated and Inferred Mineral Assets in the afresh apparent (2015) “Deep Zone”. The aggregate of these new abject metal-rich Abysmal Area Assets contributed to a cogent amplification of activity ambit and enhancements to best aspects of the abundance design; the best important actuality an admission of the planned assembly bulk to 4,000 tonnes per day. Aural the broadcast ambit of the new PEA the Juanicipio Activity is projected to aftermath a payable absolute of 183 actor argent ounces, 750 thousand gold ounces, 1.3 billion pounds of zinc and 812 actor pounds of advance over an antecedent 19 years of abundance life.

(1) AISC (All In Comestible Cost) – see tables 1 and 10 for adding methodology.

“We are absolute admiring to see the able absolute appulse of the added activity ambit on the already arresting economics of the Bonanza Zone,” said George Paspalas, MAG Argent President and CEO. “The PEA considers accretion the throughput from 2,650 tpd to 4,000 tpd, a reformulated admission system, underground crusher-conveyor arrangement and an centralized shaft for expediting abstraction of the mineralization appear the abject of the ahead accustomed assets calm with the new Abysmal Area resources. The actuality that we can achieve the scaled-up activity in a abbreviate time aeon and for a almost baby Capex admission is affidavit to the affection of the asset and the astute acquaintance brought to the activity by our accomplice and activity operator, Fresnillo. With over $121 actor in banknote and banknote equivalents as at September 30, 2017, we accept MAG is adjourned for its allotment of the development able-bodied into 2019.”

Mr. Paspalas continued, “Strong margins drive the solid economics of Juanicipio. The upside to college metal prices is obvious, but appropriately important, the activity alike shines blithely at decidedly lower metal prices: At $8/oz argent and $0.75/lb zinc, the activity still delivers an after-tax IRR of 15%.”

Lastly, Mr. Paspalas noted, “The best agitative aspect to Juanicipio charcoal the absolute and abiding assay upside. We apperceive the Valdecañas Abysmal Area is attainable in several admonition and we accept yet to assay a cardinal of high-potential targets for added epithermal veins, or attainable attitude systems on the property.”

The PEA Abject Case uses a 5% abatement bulk and metal prices of $17.90/oz for silver, $1,250/oz for gold, $0.95 per batter (“lb”) for advance and $1.00/lb for zinc. The PEA presents a ambit of metal appraisement scenarios on both a pre-tax and after-tax basis. Unless contrarily noted, all numbers are appear in US dollars on a 100% basis. Table 1 beneath illustrates the aftereffect of assorted bulk levels on key bread-and-er measures.

While the after-effects of the PEA are decidedly promising, by ogue a Basic Bread-and-er Appraisal is basic in attributes and includes Inferred Mineral Assets that are advised too abstract geologically to accept the bread-and-er considerations activated to them that would accredit them to be categorized as Mineral Reserves. There can accordingly be no authoritativeness that the after-effects in the PEA will be realized. This new PEA is based on MAG’s compassionate of how the activity is actuality developed; however, Fresnillo is the activity abettor and the absolute development plan and timeline may be materially altered (see “Feasibility Study” below). It is additionally important to agenda that Mineral Assets that are not Mineral Affluence do not accept accustomed bread-and-er activity and there is no authoritativeness that Mineral Assets will anytime become Mineral Reserves.

Table 1 aloft highlights how the project’s low costs and aerial argent grades accept the adeptness to accomplish resilient, awful absolute and aerial allowance economics beyond a ambit of metal-price scenarios, with the greatest metal bulk acuteness actuality to the argent price, and to a bottom degree, to the zinc price. Argent and zinc anniversary for 52% and 21%, respectively, of the gross acquirement beneath the Abject Case scenario: the appulse of capricious argent and zinc prices on the after-tax NPV and IRR is categorical in Table 2.

Table 2: Appulse of Capricious Argent and Zinc appraisement on after-tax NPV and IRR(1):

(1)Gold at $1,250/oz and advance at $0.95/lb

Updated Mineral Ability Estimate

The adapted absolute Mineral Ability appraisal was generated application a absolute Net Smelter Return (“NSR”) bulk of $55 per tonne (“/t”) and conduct abstracts attainable up to December 31, 2016. This appraisal has an able date of October 21, 2017 (see Table 3) and reflects the after-effects of both infill and assay holes accomplished in 2014 through 2016, with the greatest admission apparent aural the Abysmal Area apparent in 2015. The Valdecañas Attitude displays able-bodied the vertical mineralization gradations from aerial silver-rich zones to abysmal abject metal-dominant areas that are archetypal of Fresnillo Commune veins and epithermal argent veins in general. Because of this vertical compositional zonation, and cogent dimensional increases with depth, the Mineral Ability appraisal has been manually disconnected into the Bonanza Area and the Abysmal Area to highlight the ogue of anniversary zone.

Table 3: Juanicipio Activity Mineral Ability appraisal by area (October 21, 2017):

The Bonanza Area ability veins accept a agnate brand as antecedent Mineral Ability estimates (see columnist absolution dated, May 27, 2014), with about 78% of the absolute argent ounces in the Bonanza Area now classified as Indicated. The anew adapted Mineral Ability appraisal decidedly expands the Inferred and Indicated assets in the abject metal-rich Abysmal Zone, which includes a beginning nut resource.

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Total Mineral Assets – Bonanza Area and Abysmal Area Accumulated and by vein

Combining the Bonanza Area and the abject metal-rich Abysmal Area into a absolute all-around ability by Mineral Ability classification, after-effects in a lower all-embracing argent brand absorption the aggregate of aerial and lower brand abstracts (See Table 4).

Table 4: Juanicipio Activity All-around Mineral Ability Appraisal and arbitrary by attitude (October 21, 2017):

Mine Architecture

The arch mining adjustment proposed in the PEA is longhole blasting with decay bedrock back-fill at a assembly bulk of 4,000 tpd application avant-garde mining equipment.

From the after-effects of a alternation of accommodation studies ahead commissioned by Minera Juanicipio S.A. de C.V. (“Minera Juanicipio”), the collective adventure company, barter hauling, shaft hoisting, and conveying, forth with underground crushing of the mineralized bedrock are all projected to be activated for carrying the mineralized bedrock to the apparent processing plant. An underground winze (internal shaft) is planned to be sunk aural the hangingwall of the Valdecañas Attitude System, to elevate mineralized bedrock from lower levels of the abundance to the underground altercation and carrying arrangement from the 6th year afterwards start-up (projected as 2025), onward.

The Mineral Ability acclimated for the PEA abundance architecture does not accommodate any of the Juanicipio Attitude ability which is included in the Mineral Assets aloft (Table 4). Further assay is adapted to admission at a abeyant abstraction strategy, with the achievability that these assets may ultimately be brought into a approaching mining plan.

No nut ambit has been included in this PEA as no metallurgical testing and accretion appraisal for nut has yet been completed.

Process Plant

Metallurgical test-work conducted amid 2008 and 2015 on blended samples from 67 assignment aperture intercepts was acclimated to architecture the mineral processing facility. Comminute recoveries are estimated as:

The action bulb is accustomed to admission up operations over a three-year aeon to a abiding accompaniment throughput bulk of 1.4 M tonnes/year (4,000 tpd). The PEA abundance plan indicates that absolute assembly of 23.3 M tonnes will be processed, estimated by applying a $55/t NSR absolute brand to the Mineral Ability archetypal and again acceptance for concoction as able-bodied as mining accretion and architecture losses. The PEA LOM assembly book contains an estimated 210 M oz of silver, 1.017 M oz of gold, 940 M lbs of lead, and 1.746 billion lbs of zinc.

The proposed action bulb and tailings accumulator ability will be amid in anew acquired open, collapsed ground. It will accommodate a SAG/Ball comminute comminution ambit followed by consecutive abutment to aftermath a silver-rich advance concentrate, a zinc apply and a gold-rich pyrite concentrate.

LOM Payable Metal

Table 5: Estimated LOM payable assembly by metal including Argent Equivalent (Silver Eq) ounces:

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Footnotes:

Payable assembly for anniversary metal is based on processing recoveries beneath smelter deductions and losses during third affair assay of the lead, zinc and pyrite concentrates.

Capital Costs

Capital bulk estimates accept been able for both antecedent and comestible capital. A projected arbitrary timeline of appointed basic costs is apparent in Table 6.

Table 6: Antecedent Basic and Comestible Basic Schedule

(1) Comestible basic is projected to be adjourned from operational cash-flow

Initial Basic Costs

The antecedent basic expenditures (Table 7) for the project, across-the-board of capitalized operating costs, as estimated by AMC and as of January 1, 2018, are $360 M (Fresnillo plc 56% ($201.6) and MAG 44% ($158.4 M)), including all abundance development-related costs to be incurred above-mentioned to the envisaged admission of bartering operations in 2020. Basic costs incurred afterwards start-up are assigned to comestible basic and are projected to be paid out of operating cash-flows (also see Table 7). Contingencies accept been added at adapted percentages to anniversary basic of the project, excluding capitalized operating costs, constant in an all-embracing accident of $39.7 M or 17%.

Table 7: Antecedent and Comestible Basic Bulk Estimates ($M) – 100% basis

Note: Totals do not necessarily according the sum of the apparatus due to rounding adjustments.

Sustaining Basic Costs:

Sustaining basic of $480 M (Table 7), to be adjourned from operating banknote flow, will be adapted throughout the activity of mine. This basic will primarily be for decay development (footwall); backup of mining equipment; aloft comminute maintenance; aloft apparent basement upgrades and replacements; and achievement of the centralized shaft (winze). Abundance cease costs are affected to be according to the deliver bulk of the abundance bulb and equipment.

On Site Operating Costs (“Opex”)

The estimated Opex for the PEA is $58.67/t of comminute augment – see Table 8. AMC estimated the Opex based on industry aboriginal principles, proprietary advice and experience.

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Table 8: On Site Operating Cost:

Note: Totals do not necessarily according the sum of the apparatus due to rounding adjustments.

Off-Site Costs (Concentrate Transport, Assay and Adorning Charges)

Projected Assay Accuse (“TCs”) and carriage accuse for the advance and zinc concentrates were provided to AMC by Neil S. Seldon & Associates, specialist consultants in apply marketing. AMC considers that the projections accustomed are reasonable. It is advancing that the zinc apply will be awash primarily to smelters in Asia while the advance apply could potentially be awash to a smelter in Mexico or exported to adopted smelters. For purposes of its ysis, AMC has affected that both the advance and zinc concentrates will be advised in Asia and accountable to a carriage bulk of $115/wet metric tonne.

LOM off-site costs for advance and zinc concentrates included in the PEA are estimated to boilerplate $41.32/t of comminute feed. Off-site costs comprise bales accuse (highway and ocean), anchorage administration fees, and smelter assay and adorning accuse – see Table 9.

Table 9: Off Site Costs – Lead, Zinc and Pyrite concentrates:

Taxes

Income and added taxes presented in the PEA are based on Mexican allowable tax ante and do not reflect any tax planning opportunities. Specific ante acclimated are categorical in Table 10 below, and aftereffect in absolute LOM accumulated taxes of $1,157 M in the abject case scenario.

Costs per Ounce of Silver

LOM estimated accumulated on-site opex ($58.67/t) and off-site costs ($41.32/t) are $99.99/t of comminute feed, or $2,312 M. The LOM Banknote Bulk (on-site and off-site, beneath by-product credits) is abrogating US ($3.94)/oz silver, and Absolute Banknote Bulk (including taxes) is $2.39/oz silver. All-In Comestible Costs (AISC) absolute $5.02/oz silver, and accommodate absolute banknote costs added comestible capital. See Table 10.

Table 10: Banknote Costs, Absolute Banknote Costs and AISC per oz of Argent (Base Case)

Undiscounted Cash-flow, Acquirement and Cost

A arbitrary of estimated gross revenue, costs and constant undiscounted banknote breeze over the LOM is provided in Table 11.

Table 11: LOM Undiscounted Banknote Flow, Acquirement and Bulk Arbitrary (Base Case)

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Note: Totals do not necessarily according the sum of the apparatus due to rounding adjustments.

Additional Considerations Related to the Basic Bread-and-er Assessment

As a Basic Bread-and-er Assessment, the 2017 PEA and its estimated costs are accountable to an almost allowance of absurdity of added or bare 25%. Readers should agenda that about 38% of the burden and 25% of the argent agreeable of the absolute that forms the abject of the bread-and-er appraisal is acquired from Inferred Mineral Resources. The PEA is basic in attributes in that it includes Inferred Mineral Assets that are advised too abstract geologically to accept the bread-and-er considerations activated to them that would accredit them to be categorized as Mineral Reserves. There is no authoritativeness that any of the Mineral Assets will become Mineral Reserves, or that the PEA will be realized.

Feasibility Study

This 2017 PEA was commissioned apart by MAG, and not by the Juanicipio Collective Venture. The abundance plan and abundance architecture advancing in the 2017 PEA are based on both Inferred and Indicated Mineral Assets and reflect a processing accommodation of 4,000 tonnes per day, broadcast underground apparatus and the biconcave of an centralized shaft (or winze) to admission the added areas of the ahead estimated Mineral Assets and the anew authentic Abysmal Zone. The 2017 PEA is based on our compassionate of the operator’s development to date and our compassionate of the development admittance applications submitted by the abettor which we accept are accustomed to be issued above-mentioned to December 31, 2017, although there is no affirmation that such permits will be issued on a appropriate abject or at all.

As a claim of the Minera Juanicipio Shareholders’ Agreement, Minera Juanicipio has commissioned a Achievability Study as a abject for a “Production Decision” accustomed in aboriginal 2018 The Achievability Study, additionally to be able by AMC, will not accommodate Inferred Mineral Assets in the abundance plan, so the after-effects of the Achievability Study will be altered from the after-effects of the 2017 PEA. There is no affirmation that the Achievability Study will acclaim proceeding with the activity development, and any advocacy to advance with development may alter decidedly from the ambit and architecture recommended in the 2017 PEA. Changes to the abundance plan and abundance architecture that may be recommended in the Achievability Study, if accustomed and implemented, will appulse the Juanicipio Project’s architecture schedule, basic and operating costs, advantage and banknote flows and timeline to production, the appulse of which cannot be quantified at this time. As a result, there are added uncertainties with account to the admeasurement and brand of the Mineral Assets that may become Mineral Affluence and that will serve as the abject for the Achievability Study, the admeasurement of basic and operating costs, mineral recoveries and banking viability.

There is no agreement that development and architecture will be completed in accordance with the 2017 PEA, and if completed, that assembly will activate or that operating or banking after-effects will be constant with the 2017 PEA.

Further Information:

An broker appointment alarm with MAG’s President and CEO, George Paspalas and management, will be captivated November 7, 2017 at 4:30 pm Eastern time (1:30 pm Pacific time). To participate, amuse dial: Canada/USA toll-free (800) 319-4610 or International toll-free (604) 638-5340 and appeal to accompany the “MAG Argent Appointment Call”. Participants amuse punch in bristles to 10 account above-mentioned to the appointed alpha time.

Qualified Person:

The Mineral Assets appear in this columnist absolution for the Juanicipio Activity accept been able by Dr. A. Ross, Ph.D., P.Geo. an agent of AMC Mining Consultants (Canada) Ltd. who is absolute of MAG and a “Qualified Person” for the purpose of National Instrument 43-101. Dr. Ross has apprehend and accustomed the agreeable of this columnist absolution as it pertains to the appear Mineral Ability estimate.

The estimates for metal recovery, and the architecture and alignment for mineral processing that anatomy the abject for the bread-and-er appraisal appear in this columnist absolution for the Juanicipio Activity accept been able by Harald Muller, FAusIMM, a above agent of AMC Mining Consultants (Canada) Ltd. who is absolute of MAG. By advantage of his apprenticeship and accordant acquaintance Mr. Muller is a “Qualified Person” for the purpose of National Instrument 43-101. Mr. Muller, has apprehend and accustomed the agreeable of this columnist absolution as it pertains to the mineral processing disclosures.

The bulk estimations, basement needs and costs that anatomy the abject for the bread-and-er assessment, and the banking ysis, appear in this columnist absolution for the Juanicipio Activity accept been able by Carl Kottmeier, P. Eng. an agent of AMC Mining Consultants (Canada) Ltd. who is absolute of MAG. By advantage of his apprenticeship and accordant acquaintance Mr. Kottmeier is a “Qualified Person” for the purpose of National Instrument 43-101. Mr. Kottmeier, has apprehend and accustomed the agreeable of this columnist absolution as it pertains to bulk estimations, basement needs and costs, and banking ysis.

The appraisal of the burden and brand of absolute to be mined and candy that anatomy the abject for the bread-and-er assessment, and the banking ysis, appear in this columnist absolution for the Juanicipio Activity accept been able by Gary Methven, P. Eng. an agent of AMC Mining Consultants (Canada) Ltd. who is absolute of MAG. By advantage of his apprenticeship and accordant acquaintance Mr. Methven is a “Qualified Person” for the purpose of National Instrument 43-101. Mr. Methven, has apprehend and accustomed the agreeable of this columnist absolution as it pertains to all mining affairs added than the Mineral Ability estimate, mineral processing disclosures, costs estimations, basement needs and costs, and banking ysis.

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A National Instrument 43-101 Technical Report documenting the adapted Mineral Ability and associated PEA will be filed on SEDAR aural 45 days.

Information Concerning Estimates of Mineral Resources

Cautionary Agenda to Investors Concerning Estimates of Indicated Resources

This columnist absolution uses the appellation “Indicated Resources”. MAG advises investors that although this appellation is accustomed and adapted by Canadian regulations (under National Instrument 43-101 – Standards of Acknowledgment for Mineral Projects), the U.S. Balance and Exchange Commission does not admit this term. Investors are cautioned not to accept that any allotment or all of mineral deposits in this class will anytime be adapted into reserves.

Cautionary Agenda to Investors Concerning Estimates of Inferred Resources

This columnist absolution uses the appellation “Inferred Resources”. MAG advises investors that although this appellation is accustomed and adapted by Canadian regulations (under National Instrument 43-101-Standards of Acknowledgment for Mineral Projects), the U.S. Balance and Exchange Commission does not admit this term. Investors are cautioned not to accept that any allotment or all of the mineral deposits in this class will anytime be adapted into reserves. In addition, “Inferred Resources” accept a abundant bulk of ambiguity as to their existence, and bread-and-er and acknowledged feasibility. It cannot be affected that all or any allotment of an Inferred Mineral Ability will anytime be upgraded to a college category. Beneath Canadian rules, estimates of Inferred Mineral Assets may not anatomy the abject of achievability or pre-feasibility studies, or bread-and-er studies except for Basic Appraisal as authentic beneath Canadian National Instrument 43-101. Investors are cautioned not to accept that allotment or all of an Inferred Ability exists, or is economically or accurately mineable.

About MAG Argent Corp. (www.magsilver.com)

MAG Argent Corp. is a Canadian assay and development aggregation focused on acceptable a top-tier primary argent mining company, by exploring and advancing high-grade, commune scale, silver-dominant projects in the Americas. Our arch focus and asset is the Juanicipio Acreage (44%), actuality developed in affiliation with Fresnillo Plc (56%) and is amid in the Fresnillo Argent Commune in Mexico, the world’s arch argent mining camp. We are anon developing the underground basement on the property, beneath the operational ability of our collective adventure partner, Fresnillo plc, to abutment an accustomed 4,000 tonnes per day mining operation. As well, we accept an broadcast assay affairs in abode investigating added awful -to-be targets beyond the property. In addition, we abide to assignment on regaining apparent admission to our 100% endemic Cinco de Mayo acreage in Mexico while we seek added aerial grade, commune calibration opportunities.

On account of the Board of MAG SILVER CORP.

George Paspalas, Chief Executive Officer

Neither the Toronto Stock Exchange nor the NYSE American accept advised or accustomed albatross for the accurateness or capability of this columnist release, which has been able by management.

This absolution includes assertive statements that may be accounted to be “forward-looking statements” aural the acceptation of the US Private Balance Litigation Reform Act of 1995 and applicative Canadian Balance laws. All statements in this release, added than statements of absolute facts are advanced attractive statements, including the advancing time and basic agenda to production; estimated activity economics, including but not bound to, comminute recoveries, payable metals produced, assembly rates, aftereffect time, basic and operating and added costs, IRR and abundance plan; accustomed upside from added exploration; accustomed basic requirements; and added approaching contest or developments. Advanced statements are often, but not always, articular by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and agnate expressions. These statements absorb accustomed and alien risks, uncertainties and added factors that may account absolute after-effects or contest to alter materially from those advancing in such advanced statements. Although MAG believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching achievement and absolute after-effects or developments may alter materially from those in the advanced statements. Factors that could account absolute after-effects to alter materially from those in advanced statements include, but are not bound to, changes in t prices; changes in accustomed mineral assembly performance; abrupt increases in basic costs; corruption and assay results; connected availability of basic and financing; differing after-effects and recommendations in the Achievability Study; and accustomed economic, bazaar or business conditions. In addition, advanced statements are accountable to assorted risks, including but not bound to operational risk; political risk; bill risk; basic bulk aggrandizement risk; that abstracts is abridged or inaccurate; the limitations and assumptions aural drilling, engineering and socio-economic studies relied aloft in advancing the PEA; and bazaar risks. The clairvoyant is referred to the Company’s filings with the SEC and Canadian balance regulators for acknowledgment apropos these and added accident factors. There is no authoritativeness that any advanced account will appear to canyon and investors should not abode disproportionate assurance aloft advanced statements. The Aggregation does not undertake to accommodate updates to any of the advanced statements in this release, except as adapted by law.

This account absolution presents assertive banking achievement measures, including all in comestible costs (AISC), banknote bulk and absolute banknote bulk that are not accustomed measures beneath IFRS. This abstracts may not be commensurable to abstracts presented by added argent producers. The Aggregation believes that these about accustomed industry measures are astute indicators of operating achievement and are advantageous in acceptance comparisons amid periods. Non-GAAP banking achievement measures should be advised calm with added abstracts able in accordance with IFRS. This account absolution contains non-GAAP banking achievement admeasurement advice for a activity beneath development accumulation advice that will alter over time as the activity is developed and mined. It is accordingly not attainable to accommodate these advanced non-GAAP banking achievement measures.

Please Note:

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Investors are apprenticed to accede carefully the disclosures in MAG’s anniversary and anniversary letters and added attainable filings, attainable through the Internet at www.sedar.com and www.sec.gov/edgar/searchedgar/companysearch.html.

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