NEWS RELEASE.

June 14, 2012: Vancouver, B.C. – MAG Silver Corp. (Stock Profile – TSX:MAG & NYSE MKT:MVG) announced the results of an updated National Instrument 43-101 (“NI 43-101”) compliant Preliminary Economic Assessment for the Juanicipio Project in Zacatecas State, Mexico.

The Updated Preliminary Economic Assessment was commissioned by Minera Juanicipio S.A. de C.V., a Mexican joint venture company (the “Joint Venture”), owned 44% by MAG and 56% by Fresnillo plc (“Fresnillo”) and was carried out by AMC Mining Consultants (Canada) Ltd. (the “AMC Study”).

The AMC Study defines the Juanicipio Project as an economically robust, high-grade underground silver project exhibiting minimal financial or development risks that will produce an average of 15.1 million payable ounces of silver over the first full six years of commercial production and 10.3 million payable ounces per year over a 14.8 year total mine life.

For more details – CLICK HERE.

MAG’s President and CEO Dan MacInnis will hold a conference call on Thursday, June 14, 2012 at 1:00 pm Eastern time (10 am Pacific time). Mr. MacInnis will present results of the Updated Preliminary Economic Assessment Study for development of the Juanicipio Project. A question and answer period will follow the presentation.

To participate, dial BC local: (778) 371-9827; TO local: (647) 427-7450 or toll-free (888) 231-8191 and request access to the “MAG Silver Conference Call”.

A replay of the conference call will also be available by calling 416-849-0833 or 1-855-859-2056, conference ID: 87907409.

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