MAG Silver Responds to Reports of Illegal Eviction from Cinco de Mayo
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- MAG Silver
Corp. (TSX:MAG)(NYSE MKT:MVG) ("MAG" or the "Company") is responding
to reports from local media in Mexico that landholders from Benito
Juarez decided during an assembly meeting of the local community (or
"Ejido") in the evening of Saturday, November 17, to expel MAG from
its Cinco de Mayo property and establish a 100 year mining
MAG is strongly of the view that the assembly meeting was called and
conducted illegally as a result of the efforts of a concentrated
group of radical activists opposed to mining in the region. MAG is in
the process of pursuing legal remedies at both the state and federal
levels to have the meeting and all resolutions passed at the meeting
declared null and void. MAG is highly confident that the illegal
resolutions will not be permitted to stand.
Further details regarding the assembly meeting and the surface access
permissions required from the local Ejido in connection with MAG's
exploration and development plans at Cinco de Mayo will be provided
About MAG Silver Corp. (www.magsilver.com)
MAG is focused on district scale projects located within the Mexican
Silver Belt. Our mission is to become one of the premier companies in
the silver mining industry. MAG is conducting ongoing exploration of
its portfolio of 100% owned properties in Mexico including a silver,
lead and zinc discovery and a moly-gold discovery at its 100% owned
Cinco de Mayo property in Chihuahua State. MAG and Fresnillo plc are
jointly developing the Valdecanas Vein and delineating the
Desprendido and Juanicipio discoveries on the Juanicipio Joint
Venture in Zacatecas State. MAG is based in Vancouver, British
Columbia, Canada. Its common shares trade on the TSX under the symbol
MAG and on the NYSE MKT under the symbol MVG.
On behalf of the Board of MAG SILVER CORP.
Dan MacInnis, CEO & Director
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts are forward
looking statements. Forward-looking st
atements are often, but not
always, identified 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 similar expressions. These statements involve
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
anticipated in such forward-looking statements. Although MAG believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, changes
in commodities prices, changes in mineral production performance,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions, political risk, currency risk and capital cost inflation.
In addition, forward-looking statements are subject to various risks,
including that data is incomplete and considerable additional work
will be required to complete further evaluation, including but not
limited to drilling, engineering and socio-economic studies and
investment. The reader is referred to the Company's filings with the
SEC and Canadian securities regulators for disclosure regarding these
and other risk factors. There is no certainty that any forward
looking statement will come to pass and investors should not place
undue reliance upon forward-looking statements.
Please Note: Investors are urged to consider closely the disclosures
in MAG's annual and quarterly reports and other public filings,
accessible through the Internet at www.sedar.com and www.sec.gov.
Neither the Toronto Stock Exchange nor the NYSE MKT has reviewed or
accepted responsibility for the accuracy or adequacy of this news
release, which has been prepared by management.
MAG Silver Corp.
VP Corp. Development
(604) 630-1399 or Toll Free: 1-866-630-1399
(604) 681-0894 (FAX)
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