Magma Silver Appoints Townsend as a Director and Amends Stock Options
Magma Silver Corp.
Suite 750, 1095 West Pender Street, Vancouver, B.C., Canada, V6EC 2M6
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MAGMA SILVER APPOINTS TOWNSEND AS A DIRECTOR AND
AMENDS STOCK OPTIONS
Vancouver, British Columbia - (May 7, 2025) – Magma Silver Corp. (TSXV: MGMA; FSE: BC2;
WKN: A3DEJG) (“ Magma” or the “Company”), is pleased to announce the appointment of
Michael Townsend to its Board of Directors effective May 7, 2025.
Michael Townsend has extensive experience in corporate finance spanning over 25 years. Mr.
Townsend is one of the founding partners of Altus Capital Partners, a boutique investment bank
based in Vancouver, British Columbia, Canada. Altus has been involved in raising over $180
million in equity financings over the past 5 years.
The Company announced the resignation of Joe Sandberg as a director effective May 7, 2025.
Stephen Barley, Executive Chairman and Interim CEO of Magma stated: “We are excited to
announce the appointment of Michael Townsend. Mr. Townsend has a strong corporate finance
background, knowledge of the capital markets, and success in raising capital. We wish to thank
Joe Sandberg for his years of service and contribution to the board of directors and wish him well
on his retirement.”
Stock Options
Further to the news release dated May 6, 2025, th e Company also announces an increase in the
stock option grant from 1,000,000 options to 1,500,000 incentive stock options (the “Options”) to
certain directors, officers, consultants, and employees pursuant to the Company’s Stock Option
Plan. The Options exercise price has been amended from $0.155 to $0.16 and are exercisable for
a period of five years.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration,
development, and operation of precious metal mining exploration projects. The Company’s
primary focus will be on exploring and developing the advanced Niñobamba silver gold project in
the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: [email protected]
Website: www.magmasilver.com
Magma Silver Corp.
Suite 750, 1095 West Pender Street, Vancouver, B.C., Canada, V6EC 2M6
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain statements that may constitute forward -looking information under applicable securities
laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments,
performance or achievements that Magma anticipates or expects may or will occur in the future (in whole or in part) should
be considered forward-looking information. Often, but not always, forward-looking information 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 statements formed in the future tense
or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the
forgoing) be taken, occur, be achieved, or come to pass. Forward -looking information is based on currently available
competitive, financial, and economic data and operating plans, strategies or beliefs as of the date of this news release, but
involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results,
performance or achievements of Magma to be materi ally different from any future results, performance or achievements
expressed or implied by the forward- looking information. Such factors may be based on information currently available to
Magma, including information obtained from third- party industry analysts and other third -party sources, and are based on
management's current expectations or beliefs regarding future growth, results of operations, future capital (including the
amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this
press release is expressly qualified by this cautionary statement. Trading in the securities of Magma should be considered
highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.