MAG Silver Corp.
February 21, 2008
For Immediate Release NR#08-04
MAG SILVER ANNOUNCES COMPLETION
OF WARRANT EXERCISE
Vancouver, B.C… MAG Silver Corp. (TSX: MAG) (AMEX: MVG) (“MAG”) announces that 1,380,000
warrants have been exercised at a price of $10.00 per warrant for gross proceeds of $CDN 13,800,000. The
warrants exercised represent 100% of those available for exercise and were issued in connection with a private
placement that closed in February 2007 and were due to expire on February 14, 2008. The funds received will
be used to supplement general corporate working capital. After the above warrant exercises the company’s
treasury has a cash balance of $CDN 70,000,000. The company now has 48,287,196 shares issued and
outstanding and there are no further warrants outstanding.
About MAG Silver Corp. ( www.magsilver.com )
MAG is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one
of the premier companies in the Silver Mining Industry. MAG and its partner Peñoles are delineating a significant
new silver vein discovery on the Juanicipio Joint Venture in Zacatecas State, Mexico. MAG is based in
Vancouver, British Columbia, Canada. Its common shares trade on the Toronto Stock Exchange under the
symbol MAG and on AMEX under the symbol MVG.
On behalf of the Board of
MAG SILVER CORP.
For further information on behalf of MAG Silver Corp contact Gordon Neal , VP Corp. Development at:
Neither the Toronto Stock Exchange nor the American Stock Exchange has reviewed or accepted
responsibility for the accuracy or adequacy of this news release, which has been prepared by
This release includes certain statements that may be deemed to be “forward -looking statements” within
the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release,
other than statements of historical facts that address future mineral production, reserve potential,