MAG Silver Corp. announced the planned retirement of Co-Founder and Chief Exploration Officer, Dr. Peter Megaw, effective May 21, 2024. Peter has been an integral part of MAG Silver?s success, applying over 45 years of relevant experience to silver and gold exploration efforts, with the past ten years dedicated to serving as MAG?s CXO.

Peter?s retirement marks the culmination of over 20 years of dedicated service to MAG. Under his leadership, Juanicipio, one of the world?s leading silver deposits, was discovered, financed, developed and is now in operation. Beyond the discovery of Juanicipio, as Co-Founder, Peter played an integral role in the development of the Company including its IPO, seven years of service on the Board, its acquisition of strategic exploration properties in prolific jurisdictions and its growth into the substantial silver producer it is today.

Peter will continue as a consultant to the Company following his retirement from executive duties at MAG. In his new role as a consultant, Peter will provide strategic guidance and insight to MAG's management team, drawing upon his extensive experience in Juanicipio?s geology as well as advancing the hub-and-spoke thesis at the Deer Trail property in Utah.