GlobeNewswire Inc | Jun 22, 2021 02:00PM EDT

June 22, 2021

VANCOUVER, British Columbia, June 22, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or the Company) reports that at its annual general and special meeting (the AGSM) held on June 21, 2021, MAGs Shareholders approved by majority: to elect all seven directors standing for election; to re-appoint Deloitte LLP as the Companys auditor; and to support the Companys approach to executive compensation.

The Company wishes to sincerely thank Derek White, who did not stand for re-election at this years AGSM, for his tremendous contribution as a director of MAG. Peter Barnes, Chair of the Board, remarked, Derek has been an extremely valuable member of the MAG Board for almost 14 years, and he will be truly missed. We wish him all the best in his future endeavors.

Detailed results of the total shares voted at the AGSM are set out below along with the votes in regard to Say on Pay.

Motions:Nominees Total Total Total Votes % % Votes Cast Votes For Withheld For WithheldPeter Barnes 54,160,068 54,051,721 108,347 99.80 0.20George Paspalas 54,160,068 54,105,939 54,129 99.90 0.10Tim Baker 54,160,068 54,095,977 64,091 99.88 0.12Jill Leversage 54,160,068 53,979,852 180,216 99.67 0.33Selma Lussenburg 54,160,068 54,036,228 123,840 99.77 0.23Daniel MacInnis 54,160,068 54,095,208 64,860 99.88 0.12Susan Mathieu 54,160,068 54,087,829 72,239 99.87 0.13

Total Total Total Votes % % Votes Cast Votes For Withheld For WithheldAppointment of Auditors 64,592,235 63,170,434 1,421,801 97.80 2.20

Total Total Total Votes % % Votes Cast Votes For Against For AgainstSay on Pay 54,160,067 53,352,729 807,338 98.51 1.49

George Paspalas, President and CEO of MAG, extends his thanks to the Shareholders of the Company for their continued strong support.

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

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a Joint Venture partnership with Fresnillo Plc (56%), the Operator. Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, and the Joint Venture is currently developing an underground mine and constructing a 4,000 tonnes per day processing plant which is expected to commence commissioning in Q4 2021. Underground mine production of development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets both at Juanicipio by the Joint Venture and by MAG at the Deer Trail 100% earn-in project in Utah.

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

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, including statements that address future mineralproduction, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements 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. AlthoughMAG 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 commoditiesprices,changes inmineral productionperformance, 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 Companys 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 inMAG's annual and quarterlyreports and other public filings, accessible through the Internetat www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14

For further information on behalf of MAG Silver Corp.Contact Michael J. Curlook, VP Investor Relations and Communications

Phone: 604) 630-1399 Toll Free:(866) 630-1399 Website: www.magsilver.comEmail: info@magsilver.com