Firstmajesticsilvercorp .

FIRSTMAJESTICSILVERCORP .

Suite1800–925WestGeorgiaStreet

Vancouver,B.C.,CanadaV6C3L2

Telephone:(604)688Ͳ3033Fax:(604)639Ͳ8873

TollFree:1Ͳ866Ͳ529Ͳ2807

Website:www.firstmajestic.com;EͲmail:[email protected]

NEWSRELEASE

NewYorkͲAG April3,2020

Toronto–FR

Frankfurt–FMV



FirstMajesticProvidesUpdateonOperationsinResponsetoCOVIDͲ19



FIRSTMAJESTICSILVERCORP .(the"Company"or“FirstMajestic”)todayannouncedthatoperationsatitsSanDimas,

SantaElenaandLaEncantadaminesinMexicowillbetemporarilysuspendedinaccordancewithMexico’sMinistry

ofHealth’sDecreetomitigatethespreadandtransmissionofCOVIDͲ19.



OnMarch31,2020,theMinistryofHealthissuedtheDecreerequiringnonͲessentialbusinesses,includingmining,

to temporarily suspend activities until April 30, 2020. Since the Decree was announced, the Company has been

workingwithlocalandstateofficials,industrytaskforcegroupsandotherminingcompaniestomakethecaseto

theFederalGovernmentthatmining,especiallysilvermining,isessentialandcriticaltothemedicalindustrygiven

silver’santibacterialpropertieswhichisproventoreducethespreadofviruses.TheUSDepartmentofHomeland

Security and Canada’s National Strategy for Critical Infrastructure have previously defined mining an essential

businessintheirrespectivecountries.IndustryandCompanydiscussionstosupportsilverminingasanessential

businesscontinuetobeheldinMexicoCity,buttheMinistryofHealthhasnotchangedtheirposition.



Asaresult,theCompanyisintheprocessofreducingitsworkforceonsitesincompliancewiththeDecreeandwill

implement care and maintenance activities during the suspension. Appropriate security and environmental

procedures will remain fully functional. At this time, the Company is unable to determine how the temporary

suspensionwillimpactproductionandthereforehaswithdrawnits2020productionandcostguidance.



First Majestic’s staff consists of 17 fullͲtime physicians and several health care professionals who are working in

collaborationwithlocalandregionalhealthauthoritiesinMexico.TheCompanyhaspreviouslyimplementedseveral

controlmeasurestoassistwithpreventingthespreadofCOVIDͲ19.Theseincludesocialdistancing,thecancellation

of any nonͲessential visit to the mines, comprehensive sanitation measures for the workplace and company

transportation,andpreͲscreeningforvirussymptoms.Additionally,accessrestrictionstolimittravelinandoutof

thelocalcommunitieshavepreviouslybeenimplemented.



"Thehealthandsafetyandofouremployees,unionpartners,contractorsandthecommunitiesinwhichtheywork

and live are top priority,” saidKeith Neumeyer, President and CEO of First Majestic Silver . “We will continue to

providesignificantmedicalsupporttohealthclinicswithinourlocalcommunities.Todate,FirstMajestichasnot

experiencedanyincidentsrelatedtoCOVIDͲ19atitssitesorcorporateoffices.”



ABOUTTHECOMPANY

First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the

development of its existing mineral property assets. The Company presently owns and operates the San Dimas

Silver/GoldMine,theSantaElenaSilver/GoldMineandtheLaEncantadaSilverMine.



FORFURTHERINFORMATIONcontact[email protected],visitourwebsiteatwww.firstmajestic.comorcallour

tollͲfreenumber1.866.529.2807.



FIRSTMAJESTICSILVERCORP .

“signed”

KeithNeumeyer,President&CEO

SPECIALNOTEREGARDINGFORWARDͲLOOKINGINFORMATION

Thispressreleasecontains“forwardͲlookinginformation”and"forwardͲlookingstatements”underapplicableCanadianandU.S.securitieslaws(collectively,

“forwardͲlookingstatements”).ThesestatementsrelatetofutureeventsortheCompany'sfutureperformance,businessprospectsoropportunitiesthatare

basedonforecastsoffutureresults,estimatesofamountsnotyetdeterminableandassumptionsofmanagementmadeinlightofmanagement'sexperience

and perception of historical trends, current conditions and expected future developments. ForwardͲlooking statements include, but are not limited to,

statementswithrespectto:theCompany’sbusinessstrategy;futureplanningprocesses;commercialminingoperations;cashflow;budgets;thetimingand

amountofestimatedfutureproduction;recoveryrates;mineplansandminelife;thefuturepriceofsilverandothermetals;costsofproduction;costsand

timingofthedevelopmentofnewdeposits;capitalprojectsandexplorationactivitiesandthepossibleresultsthereof.Assumptionsmayprovetobeincorrect

andactualresultsmaydiffermateriallyfromthoseanticipated.Consequently,guidancecannotbeguaranteed.Assuch,investorsarecautionednottoplace

unduerelianceuponguidanceandforwardͲlookingstatementsastherecanbenoassurancethattheplans,assumptionsorexpectationsuponwhichtheyare

placedwilloccur.AllstatementsotherthanstatementsofhistoricalfactmaybeforwardͲlookingstatements.Statementsconcerningprovenandprobable

mineralreservesandmineralresourceestimatesmayalsobedeemedtoconstituteforwardͲlookingstatementstotheextentthattheyinvolveestimatesof

themineralizationthatwillbeencounteredasandifthepropertyisdeveloped,andinthecaseofmeasuredandindicatedmineralresourcesorprovenand

probablemineralreserves,suchstatementsreflecttheconclusionbasedoncertainassumptionsthatthemineraldepositcanbeeconomicallyexploited.Any

statementsthatexpressorinvolvediscussionswithrespecttopredictions,expectations,beliefs,plans,projections,objectivesorfutureeventsorperformance

(often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”,

“forecast”, “potential”,“target”, “intend”, “could”, “might”, “should”, “believe” and similar expressions) are not statements of historical factand may be

“forwardͲlookingstatements”.

ActualresultsmayvaryfromforwardͲlookingstatements.ForwardͲlookingstatementsaresubjecttoknownandunknownrisks,uncertaintiesandotherfactors

thatmaycauseactualresultstomateriallydifferfromthoseexpressedorimpliedbysuchforwardͲlookingstatements,includingbutnotlimitedto:theduration

andeffectsofthecoronavirusandCOVIDͲ19,andanyotherpandemicsonouroperationsandworkforce,andtheeffectsonglobaleconomiesandsociety;

risksrelatedtotheintegrationofacquisitions;actualresultsofexplorationactivities;conclusionsofeconomicevaluations;changesinprojectparametersas

planscontinuetoberefined;commodityprices;variationsinorereserves,gradeorrecovery rates;actualperformance ofplant,equipmentor processes

relativetospecificationsandexpectations;accidents;labourrelations;relationswithlocalcommunities;changesinnationalorlocalgovernments;changesin

applicablelegislationorapplicationthereof;delaysinobtainingapprovalsorfinancingorinthecompletionofdevelopmentorconstructionactivities;exchange

rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation;

limitationsoninsurancecoverageaswellasthosefactorsdiscussedinthesectionentitled"DescriptionoftheBusinessͲRiskFactors"intheCompany'smost

recent Annual Information Form, available on www.sedar.com, and Form 40ͲF on file with the United States Securities and Exchange Commission in

Washington,D.C.AlthoughFirstMajestichasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontained

inforwardͲlookingstatements,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended.



The Company believes that the expectations reflected in these forwardͲlooking statements are reasonable, but no assurance can be given that these

expectationswillprovetobecorrectandsuchforwardͲlookingstatementsincludedhereinshouldnotbeundulyreliedupon.Thesestatementsspeakonlyas

ofthedatehereof.TheCompanydoesnotintend,anddoesnotassumeanyobligation,toupdatetheseforwardͲlookingstatements,exceptasrequiredby

applicablelaws.