Report of Voting Results
(Section 11.3 of National
Instrument 51-102)
The following describes the matters voted upon and the outcome of the votes at the annual general meeting of shareholders of First Majestic Silver Corp. (the “Company”) held on Thursday, May 27, 2010 at The Terminal City Club, 837 West Hastings Street, Vancouver, British Columbia.
| 1. |
Fix Number of Directors |
|
The ordinary resolution fixing the number of directors at seven was approved by a majority vote of shareholders present in person or represented by proxy at the meeting as follows: |
| Votes in Favour | % of Votes Cast |
| 27,566,288 | 99.71% |
| 2. | Election of Directors |
The seven nominees set for in the Company’s management information circular dated April 1, 2010 were elected as directors of the Company by a majority vote. The Company’s shareholders present in person or represented by proxy at the meeting voted as follows:
| Director Nominee | Votes in Favour | % of Votes Cast |
| Keith Neumeyer | 16,041,311 | 99.51% |
| Ramon Davila | 16,029,715 | 99.44% |
| Robert A. McCallum | 16,033,811 | 99.46% |
| Tony Pezzotti | 16,039,111 | 99.50% |
| David Shaw | 16,047,411 | 99.55% |
| Douglas Penrose | 16,009,711 | 99.31% |
| Robert Young | 16,008,311 | 99.31% |
| 3. |
Appointment of Auditors |
|
Deloitte & Touche LLP was re-appointed as auditors of the Company by a majority vote of shareholders present in person or represented by proxy at the meeting as follows: |
| Votes in Favour | % of Votes Cast | |
| Appoint Auditors | 27,538,953 | 99.61% |
| Fix Auditor’s Remuneration | 27,502,437 | 99.48% |
Dated at Vancouver, British Columbia, this 2nd day of June, 2010.
FIRST MAJESTIC SILVER CORP.
“signed”
Connie Lillico
Corporate Secretary
| Suite 1805, 925 West Georgia Street, Vancouver, B.C. Canada V6C 3L2 |
| Phone: 604.688.3033 | Fax: 604.639-8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com |
| www.firstmajestic.com |