A sweetheart deal. I don't care for this. Just my two cents worth. SMF

MAG SILVER WELCOMES GEORGE PASPALAS AS PRESIDENT, CEO AND DIRECTOR

Vancouver, B.C. MAG Silver Corp. (TSX:MAG; NYSE MKT:MVG) (“MAG” or the “Company”) announced today that George Paspalas has been appointed as a member of the Company’s Board of Directors. This coincides with his appointment as President and Chief Executive Officer as previously announced on June 20, 2013.

George Paspalas brings a wealth of technical, operating and capital market experience to MAG having been not only CEO of Aurizon for 2 years, but also holding senior management positions at Silver Standard where he was Chief Operating Officer for 4 years, and at Placer Dome where he held several senior positions including Senior Vice President of Projects - Technical Development and President and Chief Executive Officer, Placer Dome Africa. George brings to MAG a strong background covering the full spectrum from early stage development, mine construction and commissioning. George’s career has taken him through operations and project development globally with significant experience in Latin America, including Mexico.

As an incentive to join the Company as President and CEO, Mr. Paspalas has been granted 500,000 inducement stock options, subject to regulatory approvals, with a term of 5 years and an exercise price of C$5.35, vesting 1/3 immediately, 1/3 after 12 months and 1/3 after 24 months.