First Majestic Appoints Mr. Robert McCallum to the Board

The Company is pleased to announce the appointment of Mr. Robert McCallum as a director of the Company. Mr. McCallum was the president of Kensington Resources Ltd. which recently merged with Shore Gold Inc. (TSX:SGF).

During Mr. McCallum's tenure at Kensington, he successfully took Kensington from a junior exploration company to an advanced stage development company, increasing the company's profile, raising over $30 million and eventually orchestrating a merger with Shore Gold which today has a market capitalization in excess of $1 billion.

The Company is confident that Robert will become a vital component to the Company's Board and an important contributor to the Company's management and future success.

Mr. McCallum graduated in 1959 from the University of Witwatersrand, South Africa, with a Bachelor of Science (Mining) followed in 1971 by a PMD. in the Executive Management Program at Harvard Graduate School of Business, Boston, Massachusetts.

Mr. McCallum has a wealth of experience in mining having worked with Miramar Mining Corporation, Homestake Mining Corporation, International Corona Corp., Cyprus Anvil Mining Corp. and Anglo American Corp. Ltd.

Mr. Paul Matysek has resigned from the Board to focus his time on other business ventures. The Board would like to thank Paul for his important contribution to the Company over the last few years.

The Company has granted a total of 700,000 stock options to directors and officers of the Company at a price of $2.45. The stock options are exercisable for a period of three and two years, respectively. The granting of the stock options is subject to regulatory approval.

FIRST MAJESTIC RESOURCE CORP.

Keith Neumeyer, President

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Resource Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this rele

First Majestic Resource Corp. (TSX VENTURE:FR) (PINK SHEETS:FMJRF)