MAG Silver Grants Options
MAG Silver Corp. (TSX-V:MAG) announces that it has granted, subject to any necessary regulatory approval, incentive stock options to purchase up to a total of 110,000 shares to Dan McInnis, President and CEO of MAG Silver Corp. The options are exercisable for a term of five years at the price of $1.00 per share.
About MAG Silver Corp.
MAG is a silver exploration company focused on projects located within the Mexican Silver Belt. The MAG Silver land inventory is located in mining districts with historical and ongoing large-scale high-grade silver production. MAG's exploration efforts are engaged in the search for multi-million ounce silver deposits on a district scale. We are committed to discover silver deposits of size and grade that are able to withstand and overcome fluctuations in commodity prices. Our mission is to become one of the premiere silver explorers in the Silver Mining Industry. MAG is based in Vancouver, British Columbia, Canada and trades on the TSX-V as MAG.
On behalf of the Board of
MAG Silver Corporation:
"R. Michael Jones"
For further information on behalf of MAG Silver Corp. contact Gordon Neal, VP Corp. Development
Phone: (604) 630-1399
Toll free: (866) 630-1399
Fax: (604) 484-4710
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Note to U.S. Investors: Investors are urged to consider closely the disclosure in our Form 20F, File No. 0-50437 available at our office: Suite 328-550 Burrard Street, Vancouver BC, Canada, V6C 2B5 or from the SEC: 1(800) SEC-0330.