MAG MAG Silver Corp

MAG Silver Corp., (TSX:MAG)(NYSE MKT:MVG) (the "Company"or "MAG"") has announced
today that it has entered into an agreement with a syndicate of underwriters led
by BMO Capital Markets and Raymond James under which the underwriters have
agreed to buy on a bought deal basis 7,320,000 common shares (the "Common
Shares"), at a price of C$10.25 per Common Share for gross proceeds of
C$75,030,000 (the "Offering"). The Company has granted the Underwriters an
option, exercisable at the offering price for a period of 30 days following the
closing of the Offering, to purchase up to an additional 15% of the Offering to
cover over-allotments, if any. The Offering is expected to close on or about
July 16, 2014 and is subject to the Company receiving all necessary regulatory
approvals.


The net proceeds of the Offering will be used to fund exploration and
development of the Company's Juanicipio project in Zacatecas State, Mexico and
for working capital and general corporate purposes.


The Common Shares will be offered by way of a short-form prospectus in all of
the provinces of Canada, excluding Quebec, and will be offered in the United
States pursuant to a registration statement filed under the Canada/U.S.
multi-jurisdictional disclosure system, and on a private placement basis in
certain jurisdictions outside Canada and the United States pursuant to
applicable prospectus exemptions. A registration statement relating to these
securities has been filed with the United States Securities and Exchange
Commission but has not yet become effective. The securities may not be sold nor
may offers to buy be accepted in the United States prior to the time the
registration statement becomes effective. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the Common Shares in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of that jurisdiction.


A written prospectus relating to the Offering may be obtained upon request in
Canada by contacting BMO Capital Markets, Mississauga Distribution Centre C/O
The Data Group of Companies, 300A Kennedy Road South Brampton, Ontario L6W 4V2,
by telephone at 905-696-8884 x4338 or by email at kennedywarehouse@datagroup.ca,
and in the United States by contacting BMO Capital Markets Corp., Attn: Equity
Syndicate Department, 3 Times Square, New York, NY 10036, or by telephone at
(800) 414-3627 or by email at bmoprospectus@bmo.com.


About MAG Silver Corp.

MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) is focused on advancing two significant
projects located within the Mexican Silver Belt. Our mission is to become one of
the premier companies in the silver mining industry. Currently, we are advancing
the underground decline towards the high grade Valdecanas Silver vein and
delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all
within the joint venture between MAG (44%) and Fresnillo PLC (56%). In addition,
we are negotiating surface access in order to further delineate our district
scale, 100% owned Cinco de Mayo property in Chihuahua state, where two new
silver, lead, zinc discoveries are opening up further growth opportunities for
MAG.


Neither the Toronto Stock Exchange nor the NYSE MKT has reviewed or accepted
responsibility for the accuracy or adequacy of this press release, which has
been prepared by management.


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 are forward looking statements, including
statements that address timing of the closing of the Offering and proposed use
of proceeds of the Offering. Forward-looking statements are often, but not
always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and
similar expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
Although MAG believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include, but are not limited to, delays in obtaining regulatory
approvals required in connection with the Offering, changes in commodities
prices, changes in mineral production performance, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions, political risk, currency risk and
capital cost inflation. In addition, forward-looking statements are subject to
various risks, including that data is incomplete and considerable additional
work will be required to complete further evaluation, including but not limited
to drilling, engineering and socio-economic studies and investment. The reader
is referred to the Company's filings with the SEC and Canadian securities
regulators for disclosure regarding these and other risk factors. There is no
certainty that any forward looking statement will come to pass and investors
should not place undue reliance upon forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
MAG Silver Corp.
Michael J. Curlook
VP Investor Relations and Communications
(604) 630-1399 or Toll free: (866) 630-1399
(604) 681-0894 (FAX)
info@magsilver.com

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