Continued Exploration Success Intersecting Gold At Jerritt Canyon

VANCOUVER - First Majestic Silver Corp. reported positive drilling results from its ongoing exploration program at the Jerritt Canyon Gold Mine located in Elko County, Nevada. The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining; mid-term focused drilling planned to validate/test the presence of mineralized volumes near historic workings; and long-term focused drilling aiming to make new gold discoveries in the district.

"The exploration results appear to extend gold mineralization to the northwest of the recently discovered Zone 10 area between the operating SSX and Smith mines," stated Keith Neumeyer, President and CEO. "This gold intercept looks to have identified another high-grade underground mineralized pod near current mining activities, with similar gold grades to the recently discovered Zone 10 area. Additional follow up exploration holes are planned over the next few months to further define the dimensions and overall size of this exciting new area which is located only 80 meters away from underground access."