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First Majestic Announces Changes To Operations And Geological Teams

Stocks in this article: AG FR

Consistent with the Company's primary focuses, which are; automation, information technology and metallurgy, Mr. Alejandro Sandoval was recruited as the General Manager of Processing Plants in January to focus on improving recoveries at all operations. Mr. Sandoval has over 37 years of experience in the Mexican mining industry and specifically in the area of metallurgy, having had experience in all positions at the plants, laboratories, research and design and construction of plants with Fresnillo, Peñoles, Goldcorp and Minera Frisco. Mr. Sandoval is responsible for all metallurgical matters and for ongoing improvements and testing at all operations. He graduated with a bachelor's degree in metallurgy from the School of Metallurgy at the University of San Luis Potosi.

Mr. Mario Valdez Bustillos, a mining engineer with over 31 years of mining experience in all aspects of mining operations.  Mr. Valdez has held several positions ranging from Mine Foreman, Assistant of Mine Superintendent, Mine Superintendent, Manager of several operations at Grupo Mexico, Minera Alfil and Diabras and who has held the position of Regional Manager of Operations since June 2009. Mr. Valdez has been promoted to Divisional Manager of Operations in charge of the La Encantada, San Martin and La Guitarra mining operations. He graduated with a bachelor's degree in mine engineering from the School of Mines at the University of Chihuahua.

Mr. Carlos Castro Villalobos, a mining and metallurgical engineer with over 36 years of mining experience has held numerous positions in companies such as Peñoles and Luismin, including Manager of Mining Operations and Manager of Construction of Mining Projects. Mr. Castro has been the Company's Manager of Projects since June 2012 where he was responsible for the construction of Del Toro and the expansion project at La Parrilla. He has now been promoted to Divisional Manager of Operations in charge of the La Parrilla and Del Toro operations. Mr. Castro graduated with a bachelor's degree in mine engineering from the School of Mines at the University of Guanajuato.

Mr. Sergio Alan Moreno Zazueta, a mining engineer with over 28 years of mining and academic experience at Grupo Mexico and at the School of Mines at the Sonora University, with work on mining operations with consulting works on use of explosives, rock mechanics and all aspects of mining operations who has held the position of Manager of La Encantada since July 2011, has been promoted to Corporate Manager of Safety, Training and Environmental. Mr. Moreno graduated with a bachelor's degree from the School of Mines at the University of Sonora and holds a master's degree in extractive metallurgy and a PhD in mining exploitation.

Mr. Carlos Wong, a geological engineer with over 30 years of mining experience in all aspects of mine planning, construction of new projects, reserves definition and exploration. Mr. Wong, who has held the position of Manager of Exploration since May 2012, has been promoted to Manager of Planning and Innovation Projects. He graduated with a bachelor's degree from the School of Geology at the University of San Luis Potosi and holds a master's degree in mineral economics from the Colorado School of Mines.

Ms. Maria Vazquez recently joined First Majestic in October 2013 as Geological Database Manager, located in Vancouver, Canada.  Ms. Vazquez is a professional geoscientist with over 14 years of mining exploration experience; 10 years of which have been managing geological databases. Previously, Ms. Vazquez held the position of Database Geologist at AMEC for two and a half years.  She also worked for a junior exploration company in Vancouver for four years and as a geological database consultant prior to joining AMEC.

Mr. Todd Anthony, who has held the Investors Relations Manager position since May 2010 has been promoted to Vice President of Investor Relations.  Mr. Anthony has over 8 years of experience within the investment community and financial markets having worked previously at U.S. Global Investors.  He graduated with a bachelor's degree in business administration from Stephen F. Austin State University along with a master's degree in business administration from Texas A&M University-Kingsville

First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives.

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