Early Warning News Release

Core Viewpoint - First Majestic Silver Corp. has disposed of 37,600,000 common shares of Silver Storm Mining Ltd. for gross proceeds of CAD$8,715,680, reducing its ownership stake in Silver Storm [1][2]. Group 1: Share Sale Details - The sale price for each share was CAD$0.2318, resulting in total gross proceeds of CAD$8,715,680 [1]. - Prior to the sale, First Majestic held 178,349,350 shares of Silver Storm, representing approximately 24.16% of the issued shares on a non-diluted basis [2]. - After the sale, First Majestic now holds 140,749,350 shares, which is approximately 19.07% of the issued shares on a non-diluted basis [2]. Group 2: Ownership and Future Intentions - First Majestic also holds 25,671,166 common share purchase warrants of Silver Storm, which remain unchanged post-sale [2]. - The company has stated that all securities of Silver Storm are held for investment purposes and has no current intention to increase or decrease its ownership [3]. - Future adjustments to First Majestic's position in Silver Storm will depend on market conditions and other factors [3]. Group 3: Regulatory Compliance - The news release is issued in accordance with National Instrument 62-103, and an early warning report regarding the sale will be filed on SEDAR+ [5]. - The report will be available under Silver Storm's issuer profile in compliance with applicable securities laws [5].