First Majestic Announces Resignation of Ramon Davila From Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 15, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(NYSE:AG)(BVM:AG)(FRANKFURT:FMV) announces today the resignation of Mr. Ramon Davila from its Board of Directors. Mr. Davila has served as Director of the Company since 2004 and was also its Chief Operating Officer until July 2014.

Mr. Davila commented: "I have made the decision to resign due to the fact that I have accepted a position as the new Minister of Economic Development for the State of Durango in Mexico. I look forward to continuing my support for the mining industry in this new senior position within the government for the benefit of both Durango and Mexico. I would like to thank the Board of Directors, management and the shareholders of First Majestic for their continuous support."

Keith Neumeyer, President and CEO of First Majestic, commented: "During Ramon's tenure as an Officer and Director of the Company, First Majestic grew into the second largest primary silver producer in Mexico. I would like to thank Ramon for his dedication and hard work over the past twelve years. We also look forward to our new relationship with Ramon in this very important role. On behalf of the Company, its management and shareholders, we thank him for his diligent service and positive contributions to the Company and wish him the very best in his new position."

ABOUT FIRST MAJESTIC

First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned.