First Majestic Completes Acquisition of Silvermex Resources

Vancouver, BC, Canada — First Majestic Silver Corp. (“First Majestic”) and Silvermex Resources Inc. (“Silvermex”) are pleased to announce the completion of the plan of arrangement (the “Arrangement”) previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.
Under the arrangement, First Majestic has acquired all of the issued and outstanding common shares of Silvermex. Shareholders of Silvermex will receive 0.0355 First Majestic shares and CDN$0.0001 for each held share of Silvermex.
Keith Neumeyer, President and CEO of First Majestic said, “I would like to take this opportunity to personally welcome Silvermex shareholders into the First Majestic family. The acquisition of Silvermex marks the third public company First Majestic has acquired over the past six years. Our shareholders have experienced great success by supporting our corporate strategy of purchasing undervalued silver properties with a focus of unlocking the true potential of the asset through continuous exploration and development.”
With the Arrangement now complete, shares of Silvermex are anticipated to be delisted from the TSX effective at the close of business on July 6, 2012. Shareholders of Silvermex will receive shares of First Majestic and cash to which they are entitled upon delivery to Computershare Trust Company of Canada (“Computershare”) of their Silvermex share certificates and completed letters of transmittal together with other required documents. Shareholders are encouraged to contact Computershare for further information concerning the exchange process.
ABOUT FIRST MAJESTIC
First Majestic is a producing silver company focused on silver production in México and is aggressively pursuing its business plan of becoming a senior silver producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to First Majestic achieving its aggressive corporate growth objectives.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or contact Todd Anthony, Investor Relations at 1-866-529-2807.

ON BEHALF OF THE BOARD OF
FIRST MAJESTIC SILVER CORP.
“Keith Neumeyer”
President & CEO

ON BEHALF OF THE BOARD OF
SILVERMEX RESOURCES INC.
“Duane Nelson”
CEO & Director