January 8 (News Release) -- Fresnillo PLC, the world's largest silver producer, announced today that Umberto Escobar, Vice President of Stock Price Suppression, was in transit to a field office, and was unable to perform his duties. As a result, the price of MAG Silver (MVG - AMEX) temporarily breached the trading range around US$4.50 which had been established for the past month.

"I apologize for any inconvenience this may have caused," Mr. Escobar said. "We will endeavour to resume the price suppression scheme as soon as possible."