First Majestic Silver (AG) Appoints Daniel Muniz Quintanilla to Its Board

First Majestic Silver Corp. (NYSE: AG) is pleased to announce the appointment of Daniel Muñiz Quintanilla to the Company's Board of Directors, effective March 13, 2025.

Mr. Daniel Muñiz Quintanilla has more than 28 years of experience in international law, M&A, capital markets, and finance in the mining, logistics and infrastructure industries. He is currently a member of the board of directors of Novagold Resources, Inc. and Brookfield Infrastructure Partners L.P. Mr. Muñiz is also a Founding Partner of Axkan Capital Partners S.L., and serves as a director of Tharsis Mining S.L., a private company focused on copper, and as a director and special advisor to the chairman of both Sinda Ltd. and Sunshine Silver Mining & Refining Company, privately held companies in The Electrum Group's portfolio.

Mr. Muñiz was previously a director of Gatos Silver, Inc. from April 2021 until First Majestic acquired Gatos Silver in January 2025, and a director of HudBay Minerals Inc. from July 2019 to May 2024. He is a highly accomplished mining executive whose previous experience includes a 12-year tenure with Grupo Mexico, SAB de C.V. and its subsidiaries, Americas Mining Corp. and Southern Copper Corp., where he served in a variety of leadership roles, including Managing Director (Chief Executive Officer) and Chief Financial Officer. Mr. Muñiz holds a Master's Degree in Law from Georgetown University in Washington D.C., and a Master's Degree in Business Administration from Instituto de Empresa in Madrid, Spain. He also holds a Law Degree from the Universidad Iberoamericana in Mexico City, Mexico.

"We are delighted to welcome Daniel to First Majestic Silver," said Thomas Fudge, Chair of the Board of First Majestic. "Daniel brings a significant depth of experience as both an executive and director of various mining and infrastructure companies in the areas of capital markets, mergers and acquisitions, finance, and corporate leadership. We believe Daniel will make a valuable contribution to the Company as we continue to advance our relationships and operations in Mexico and fulfill our vision of becoming the leading primary silver company in the world."

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