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First Majestic Reminds Shareholders to Vote in Upcoming Annual General Meeting

Shareholder Meetings

First Majestic Reminds Shareholders to Vote

in Upcoming Annual General Meeting

Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - First Majestic Silver Corp. (NYSE: AG)

(TSX: FR) (FSE: FMV) (the

"

Company

"

or "First Majestic") reminds its shareholders about the

Company's upcoming Annual General Meeting of Shareholders (the "2024 AGM") scheduled to take

place on Thursday, May 23, 2024 at 10:00 a.m. (Pacific Time) at the Sutton Place Hotel located at 845

Burrard Street, Vancouver, British Columbia, V6Z 2K6.

The Board of Directors of First Majestic unanimously recommends that shareholders vote

FOR

all the

resolutions that have been put forward for the 2024 AGM.

The record date for notice and for voting at the 2024 AGM was March 28, 2024.

Only shareholders as of

the record date will be entitled to vote at the meeting.

Shareholders as of the record date are

encouraged to vote before the proxy voting deadline on Tuesday, May 21, 2024 at 10:00 a.m. (Pacific

Time).

If you are a registered shareholder of the Company and are unable to attend the 2024 AGM, please

read, sign and date the form of proxy for the meeting (the "Proxy") and deposit it with Computershare

Investor Services Inc. ("Computershare") by courier or mail at 100 University Avenue, 8

th

Floor, Toronto,

Ontario

M5J 2Y1, Attention: Proxy Department, or by facsimile at 1-866-249-7775 (toll-free in North

America) or 1-416-263-9524 (international) by 10:00 a.m. (Pacific Time) on Tuesday, May 21, 2024, or

at least 48 hours (excluding Saturdays, Sundays and holidays) before any postponement or adjournment

of the meeting). Alternatively, registered shareholders may vote by telephone (1-866-732-8683) or online

(

www.investorvote.com

) using the control number listed on the Proxy that they received from

Computershare.

Non-registered shareholders may participate in the 2024 AGM (either themselves or through a

proxyholder, or through intermediaries using the voting instruction form).

Alternatively, some non-

registered shareholders may be able to vote by telephone or online and should refer to the voting

instruction form that they received for further details and instructions.

EVERY VOTE COUNTS

Voting is quick and easy.

First Majestic has retained Kingsdale Advisors to provide shareholders with

assistance in voting their shares, and they may be reached by telephone at 1-866-851-3214 (toll-free in

North America) or 1-647-577-3635 (text and call enabled outside North America), or by email at

[email protected]

.

To obtain current information about voting your First Majestic common shares, and for copies of the

materials for the 2024 AGM, please visit

www.firstmajesticagm.com

, or scan the QR code below:

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1475/209068_9e89770444e65a58_002full.jpg

ABOUT THE COMPANY

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, 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, President & CEO

Cautionary Note Regarding Forward-Looking Statements

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

applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"). These

statements relate to future events or the Company's future performance, business prospects or

opportunities that are based on forecasts of future results, estimates of amounts not yet determinable

and assumptions of management made in light of management's experience and perception of historical

trends, current conditions and expected future developments.

Forward-looking statements include, but

are not limited to, statements with respect to: the time and place of the 2024 AGM; the process of voting

at the 2024 AGM; and the use of the online and telephone platforms to cast votes.

Assumptions may

prove to be incorrect and actual results may differ materially from those anticipated.

All statements other

than statements of historical fact may be forward-looking statements.

Although First Majestic 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.

The Company believes that the expectations reflected in these forward-looking statements are

reasonable, but no assurance can be given that these expectations will prove to be correct and such

forward-looking statements included herein should not be unduly relied upon.

These statements speak

only as of the date hereof.

The Company does not intend, and does not assume any obligation, to

update these forward-looking statements, except as required by applicable laws.

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

https://www.newsfilecorp.com/release/209068