NMB Normabec Mining Resources Com Npv

First Majestic Silver Corp. ("First Majestic") (TSX:FR) and Normabec Mining
Resources Ltd. ("Normabec") (TSX VENTURE:NMB) (FRANKFURT:N6M) have entered into
a definitive agreement (the "Agreement") whereby First Majestic will acquire
Normabec. The transaction will be an all-share transaction by way of plan of
arrangement (the "Arrangement").


The Agreement, among other things provides that First Majestic will acquire
Normabec in exchange for the issuance directly to Normabec's shareholders of
0.060425 First Majestic shares for each Normabec common share outstanding (the
"Exchange Ratio"). In addition to Normabec's current shareholders receiving
shares in First Majestic, they will also receive shares in a newly formed public
company ("NEWCO") which will hold Normabec's interest in the Pitt Gold Property
(and all other Quebec mineral interests currently held by Normabec) which will
continue to be managed by the existing Normabec management. Subsequent to the
completion of the Arrangement, First Majestic will invest, via a private
placement, C$300,000 in this public company which will represent approximately
10% of NEWCO.


The Agreement implies a value for each Normabec share of C$0.1806 (C$0.1406 in
First Majestic shares and  C$0.04 in NEWCO shares) and represents a premium of
47.7% to Normabec shareholders based on the average prices of First Majestic's
and Normabec's common shares for the 20 trading days ended September 11, 2009.
Normabec has approximately 75.3 million shares issued and outstanding.


Normabec's primary asset is the Real de Catorce Silver Project which is located
in the northern portion of San Luis Potosi state, Mexico. The property consists
of approximately 6326 hectares of mineral rights which contains a drilled NI
43-101 compliant resource of 33.69 million Measured & Indicated silver ounces
plus 13.10 million Inferred silver ounces.


Keith Neumeyer, President & CEO of First Majestic stated "We are continually
looking for ways to expand our business including potential acquisitions. Based
on our due diligence we believe the Real de Catorce Silver Project is an
excellent strategic fit and has the potential to become another important asset
for our company. We believe this transaction will also substantially benefit
Normabec shareholders by not only allowing them to participate in our future
upside, but also allowing them to retain 100% of the growth potential of the
Pitt Gold Project in Quebec."


Robert Ayotte, CEO and President of Normabec stated; "Our strategic approach has
always been to speed-up the development of the tremendous Real de Catorce Silver
District. By this agreement we feel that our shareholders will participate not
only in the development of this key asset but also in other divisions of First
Majestic in production. Their talented technical and mining team have been a key
factor for this association."


The proposed Arrangement has the unanimous support of the boards of directors of
both Normabec and First Majestic and the Normabec board of directors has
resolved to recommend that the Normabec shareholders vote in favour of the
Arrangement at the special meeting. Lockup and support agreements have been
signed by each officer and director and the largest shareholder of Normabec to
support the Arrangement. An information circular is expected to be mailed to all
shareholders by no later than mid-October and the proposed Arrangement is
expected to close in early November. The Agreement includes representations,
warranties and covenants typical of a transaction of this nature. The proposed
Arrangement is subject to the approval of at least 66 2/3% of the votes of
Normabec shareholders represented in person or by proxy at a special meeting of
Normabec shareholders and the approvals of the Quebec Superior Court and other
appropriate regulatory authorities and certain other conditions customary for
transactions of this nature. A break-up fee of $350,000 is payable by either
party in the event the Agreement is terminated in certain circumstances,
including in connection with Normabec entering into a superior transaction.


First Majestic has engaged Gryphon Partners as its financial advisor and
McCullough O'Connor Irwin LLP as its Canadian legal advisor. Normabec has
engaged Haywood Securities Inc. as its financial advisor and Miller Thomson LLP
as its Canadian legal advisor.  Haywood Securities Inc. has provided an opinion
to the board of directors of Normabec that, subject to Haywood Securities'
assumptions and limitations and its review and analysis of current market
conditions, the consideration to be received by the shareholders of Normabec,
other than First Majestic and its affiliates or associates, pursuant to the
Agreement is fair, from a financial point of view.


About First Majestic

First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver producer
through the development of its existing assets and the pursuit through
acquisition of additional assets that contribute to achieving its corporate
growth objectives. Presently First Majestic owns three operating silver mines in
Mexico, the La Encantada, the La Parrilla, and the San Martin Silver Mines, as
well as a project undergoing pre-feasibility known as the Del Toro Silver Mine.
In 2009, First Majestic expects to produce approximately five million ounces of
silver eqv. from its Mexican silver mines.


About Normabec

Normabec is a junior mining exploration company with a portfolio of advanced
exploration projects including: the 100% owned Pitt Gold Project in Quebec and
the 100% owned Real de Catorce Silver Project in Mexico.




First Majestic Silver Corp.            Normabec Mining Resources Ltd

(signed) "Keith N. Neumeyer"           (signed) "Robert Ayotte"
----------------------------------     ------------------------------
Keith N. Neumeyer, President & CEO     Robert Ayotte, President & CEO



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 Silver 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 securities issuable under the Arrangement have not been and will not be
registered under the United States Securities Act of 1933, as amended, or the
securities laws of any state, and are expected to be issued pursuant to
exemptions from such registration requirements.

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