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Re:   News Release - Wednesday, April 17, 2013
      First Majestic Earns Socially Responsible Business Distinction
      Award for Fifth Consecutive Year
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FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or
"First Majestic") is pleased to announce that the Company has been
awarded the "2012 Socially Responsible Business Distinction Award"
("Distintivo Empresa Socialmente Responsable 2012").

Presented by the Mexican Centre for Philanthropy ("Centro Mexicano para
la Filantropia"), this annual award recognizes First Majestic for its
corporate ethics and good governance practices and also recognizes the
Company for its dedication to the social and environmental landscapes
in which it operates.  The award affirms First Majestic's position as a
leader in corporate social responsibility, and was achieved through
demonstrating continued transparency, environmental stewardship, and
sustainability within its operations and projects in Mexico.

The Company was awarded this distinction due to excelling in the
following activities over the past year:
.. Corporate Governance and Ethical practices,
.. Quality of work within the Company,
.. Relationships with the communities in which the Company operates, and
.. Sustainability, Preservation and Stewardship of the environment.

Keith Neumeyer, President & CEO stated; "We are very pleased to receive
this distinctive award for the fifth consecutive year and to once again
be recognized as a leader in Corporate Social Responsibility.  We truly
believe that the health of our Company is directly correlated to the
welfare of the communities in which we operate.  We continue to strive
towards improving our social programs to ensure our local communities
benefit from our corporate achievements."

First Majestic is a producing silver company focused on silver
production in M�xico and is aggressively pursuing its business plan of
becoming a senior silver producer through the development of its
existing mineral property assets and the pursuit through acquisition of
additional mineral assets which contribute to the Company achieving its
aggressive corporate growth objectives.

FOR FURTHER INFORMATION contact info@firstmajestic.com, 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

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.

These statements reflect the Company's current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements or information and the Company has made
assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: fluctuations in the spot and
forward price of silver, gold, base metals or certain other commodities
(such as natural gas, fuel oil and electricity); fluctuations in the
currency markets (such as the Canadian dollar and Mexican peso versus
the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or economic
developments in Canada, Mexico; operating or technical difficulties in
connection with mining or development activities; risks and hazards
associated with the business of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual
or unexpected formations, pressures, cave-ins and flooding); risks
relating to the credit worthiness or financial condition of suppliers,
refiners and other parties with whom the Company does business;
inability to obtain adequate insurance to cover risks and hazards; and
the presence of laws and regulations that may impose restrictions on
mining, including those currently enacted in Mexico; employee
relations; relationships with and claims by local communities and
indigenous populations; availability and increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining necessary
licenses, permits and approvals from government authorities;
diminishing quantities or grades of mineral reserves as properties are
mined; the Company's title to properties; and the factors identified
under the caption "Risk Factors" in the Company's Annual Information
Form, under the caption "Risks Relating to First Majestic's Business".

Investors are cautioned against attributing undue certainty to
forward-looking statements or information. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not
to be anticipated, estimated or intended. The Company does not intend,
and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes
in circumstances or any other events affecting such statements or
information, other than as required by applicable law.

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Copyright (c) 2013 FIRST MAJESTIC SILVER CORP. (TSX: FR)  All rights
reserved.  For more information visit our website at
http://www.firstmajestic.com/ or send mailto:investor@firstmajestic.com
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