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AG.TO ·

First Majestic Announces Ticker Symbol Change on the Toronto Stock Exchange to "AG"

Corporate Actions

First Majestic Announces Ticker Symbol

Change on the Toronto Stock Exchange to

"AG"

Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - First Majestic Silver Corp. (NYSE: AG)

(TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that effective as of

market open Monday, May 27, 2024, First Majestic's stock ticker symbol on the Toronto Stock Exchange

(the "TSX") will change from "FR" to "AG".

As a result of this change, "AG" will now be the ticker symbol for First Majestic's common shares listed in

Canada on the TSX, and in the United States on the New York Stock Exchange (the "NYSE"), allowing

for enhanced, harmonized brand alignment within the Canadian and United States capital markets. The

Company's ticker symbol on the Frankfurt Stock Exchange remains "FMV".

No action is required by First Majestic's shareholders in connection with this ticker symbol change. The

CUSIP number for First Majestic's common shares remains unchanged, and no steps need to be taken

with respect to previously issued share certificates, as these are not affected by the symbol change.

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 the San Dimas Silver/Gold Mine, the

Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development

and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.

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

www.firstmint.com

, at some of the lowest premiums available.

For further information, visit our website at

www.firstmajestic.com

. You can contact us by e-mail at

[email protected]

, or by telephone at 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & 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").

Forward-looking statements in this news release include, but are not limited to, statements with respect

to: (i) the change to the Company's ticker symbol on the TSX and the timing of such change.

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, 2023 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, 2023 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/210531