MAG Announces Election Deadline for Arrangement with Pan American

Core Viewpoint - MAG Silver Corp. has obtained all necessary approvals for the Arrangement with Pan American Silver Corp., except for the Mexican competition approval, and shareholders must elect their preferred consideration by August 27, 2025 [1][7]. Group 1: Arrangement Details - The Arrangement involves MAG shareholders receiving either $20.54 in cash or a combination of $0.0001 in cash and 0.755 of a Pan American Share for each MAG Share held [1]. - The total consideration for all MAG shareholders will consist of $500 million in cash and the remaining consideration in Pan American Shares, subject to proration [4]. - If shareholders do not make a proper election, they will automatically receive the Share Consideration, also subject to proration [4]. Group 2: Election Process - Registered holders of MAG Shares must submit a completed Letter of Transmittal and Election Form to Computershare Investor Services Inc. by the Election Deadline [2]. - Non-registered holders should follow their intermediary's instructions for making an election and verify their election status before the Election Deadline [3]. Group 3: Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects, with a significant joint venture in the Juanicipio Mine [8]. - The company is also engaged in exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada [8].