MAG Sets Deadline for Election Regarding Agreement with Pan American

Approval Status: MAG Silver Corp. has obtained all necessary approvals for its arrangement with Pan American Silver Corp., except for the Mexican competition approval (COFECE Approval).

Election Deadline: Shareholders must elect to receive either $20.54 in cash or a combination of cash and shares by 2:00 p.m. on August 27, 2025, with proration applicable.

Shareholder Instructions: Registered shareholders need to submit a completed election form to Computershare Investor Services Inc. Non-registered holders should follow their intermediary's instructions for making an election.

Future Outlook: If COFECE Approval is granted, the arrangement is expected to close in Q3 2025, leading to the delisting of MAG Shares from stock exchanges and ceasing reporting issuer status.