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First Majestic Announces 2025 Sustainability Report and Mailing of 2026 AGM Meeting Materials

Shareholder Meetings

First Majestic Announces 2025 Sustainability

Report and Mailing of 2026 AGM Meeting

Materials

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - First Majestic Silver Corp. (NYSE: AG)

(TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the release of its

2025 Sustainability Report and the mailing of its meeting materials for the Company's 2026 Annual

General Meeting of Shareholders (the "2026 AGM").

2025 SUSTAINABILITY REPORT

The Company's 2025 Sustainability Report has been drafted primarily in alignment with the

Sustainability Accounting Standards Board ("SASB") reporting standards, and summarizes the

Company's sustainability-related performance for the 2025 calendar year.

Carbon Reduction:

Reporting our lowest carbon intensity on record, achieving a 21% annual

reduction in carbon footprint per tonne of ore processed, and an overall reduction in carbon

intensity of 49% since our first report in 2019.

Community Involvement:

Partnered with our local communities on impactful projects, investing

US$2.4 million in our communities in 2025. In addition, we completed a third-party community

social impact assessment at all operating sites to proactively monitor community needs and

expectations.

Supportive Workplaces:

Continued our workplace programs to support retention and employee

wellbeing. As a result of these ongoing actions, 70% of our employees have a tenure over 6 years

and in 2025 91% of working mothers returned to their roles after maternity leave.

Stable safety performance:

Maintained the Company's world-class safety performance,

achieving 0.55 Total Recordable Incident Frequency Rate ("TRIFR") and 0.12 Lost Time Incident

Frequency Rate ("LTIFR").

Third-Party Recognition:

We continued our trend of improvement within sustainability ratings

and rankings, by the end of 2025 placing in the top 10% of the mining industry as ranked by ISS

ESG, top 25% by S&P Global, top 34% by Sustainalytics, and top 15% by the London Stock

Exchange Group.

The 2025 Sustainability Report provides shareholders and stakeholders of First Majestic an annual

progress report against its public sustainability commitments. The Company is pleased to share that in

2025 First Majestic met all its sustainability targets and commitments, successfully integrated Los Gatos

into its portfolio, and is reporting its lowest carbon intensity on record.

"Our 2025 Sustainability Report's theme of Growing in Harmony reflects what matters most at First

Majestic: operating with integrity, protecting our people and the environment, and creating long-term

value,"

said Keith Neumeyer, CEO.

"In a year marked by record production, financial performance and

the successful integration of Los Gatos , we demonstrated that strong performance and responsible

mining go hand in hand; guided by the values that have long defined our Company."

"The acquisition of Los Gatos in 2025 was a defining moment for First Majestic, and Growing in

Harmony captures how closely aligned our teams, values, and sustainability strategies truly are,"

said

Mani Alkhafaji, President & Chief Corporate Development Officer.

"This integration strengthened our

portfolio while reinforcing our commitment to safe, environmentally responsible mining and

meaningful partnerships with our communities."

For further performance data and information about how First Majestic manages sustainability-related

areas of its business, the 2025 Sustainability Report and accompanying documents are available on the

Sustainability Report Hub of the Company's website at

www.firstmajestic.com/sustainability/report-hub/

.

2026 AGM INFORMATION

The Company's 2026 AGM will be held on Wednesday, June 10, 2026, at 10:00 a.m. (Pacific Time) at

the offices of Bennett Jones LLP, located at Suite 2500 – 666 Burrard Street, Vancouver, British

Columbia

V6C 2X8.

As in prior years, the Company has adopted the notice and access model ("Notice and Access") under

National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

for the delivery to shareholders of record as of April 15, 2026 (the "Record Date") of the Notice of

Meeting, Management Information Circular, Form of Proxy or Voting Instruction Form (as applicable) and

our audited financial statements and management's discussion and analysis for the year ended

December 31, 2025 (collectively, the "Meeting Materials") in connection with the 2026 AGM.

Under Notice and Access, instead of receiving printed copies of the Meeting Materials, shareholders

receive a Notice and Access notification containing details relating to the 2026 AGM such as the date,

location and purpose, as well as information on how they can access the Meeting Materials

electronically.

Using the Notice and Access method allows the Company to deliver the Meeting Materials

to our shareholders in a more environmentally friendly and sustainable way that helps reduce paper

usage and our carbon footprint, and it reduces the printing and mailing costs.

However, shareholders

with existing instructions on their account to receive printed materials will receive a printed copy of the

Meeting Materials, and any other shareholders who wish to receive a printed copy of the Meeting

Materials may follow the instructions set out in the Notice and Access notification that they will receive.

The Company has retained the Laurel Hill Advisory Group ("Laurel Hill") to assist anyone who is a First

Majestic shareholder as of the Record Date with voting their shares.

Once you have received the

Meeting Materials in the mail, if you need assistance with voting your First Majestic shares, please reach

out to Laurel Hill by telephone at 1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (text

and call enabled outside North America, please text "INFO" to either number), or by email at

[email protected]

.

The Meeting Materials for the 2026 AGM are available under the Company's profile on SEDAR+ at

www.sedarplus.ca

and on the Company's website at

https://www.firstmajestic.com/investors/agm-

materials/

.

Please review the Meeting Materials for instructions relating to voting your First Majestic

shares.

The Company looks forward to the support of its shareholders at the 2026 AGM, and notes that

management recommends that shareholders vote "

FOR

" all resolutions that are set out in the Meeting

Materials.

ABOUT FIRST MAJESTIC

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and

the United States. The Company presently owns and operates four producing underground mines in

Mexico: the Santa Elena Silver/Gold Mine, the Los Gatos Silver Mine (the Company holds a 70%

interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver/Gold

Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets,

including the Jerritt Canyon Gold Mine, which is an advanced-stage development asset that was placed

on temporary suspension in March 2023.

First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion

of its silver production for sale to the public.

Bars, ingots, coins and medallions are available for

purchase online at

http://www.firstmint.com

, at some of the lowest premiums available.

For further information, contact

[email protected]

, visit our website at

www.firstmajestic.com

or call

our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"Signed"

Keith Neumeyer, CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" under

applicable Canadian and United States securities laws (collectively, "forward-looking statements").

Often, but not always, forward-looking statements can be identified by the use of words such as "plans",

"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or

"believes" or variations (including negative variations) of such words and phrases, or state that certain

actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward-looking

statements.

Factors that could cause actual results to differ materially from those anticipated in these

forward-looking statements are discussed in the section entitled "Description of the Business – Risk

Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2025

filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at

www.sedarplus.ca

, and in the Company's Annual Report on Form 40-F for the year ended December 31,

2025 filed with the United States Securities and Exchange Commission on EDGAR at

www.sec.gov/edgar

.

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in forward-looking statements, there may be other factors that cause

results not to be as anticipated, estimated or intended.

Accordingly, the reader is cautioned not to place

undue reliance on forward-looking statements.

Forward-looking statements contained herein are made

as of the date of this news release and the Company disclaims, other than as required by law, any

obligation to update any forward-looking statements whether as a result of new information, results,

future events, circumstances, or if management's estimates or opinions should change, or otherwise.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/295017