NMB Normabec Mining Resources Com Npv

Further to the announcement of First Majestic Silver Corp. ("First Majestic")
(TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) and Normabec Mining Resources
Ltd. ("Normabec") (TSX VENTURE:NMB) having entered into a definitive agreement
whereby First Majestic will acquire Normabec pursuant to a plan of arrangement
(the "Arrangement"), Normabec would like to clarify the proposed spin-out of
Normabec's Pitt Gold Property (and all other Quebec mineral interests currently
held by Normabec) (the "Spin-Out") into a newly formed public company ("NEWCO").


Pursuant to the Arrangement, each Normabec shareholder will receive 0.25 of a
NEWCO share for each Normabec share held, for a total of 18.8 million NEWCO
shares (excluding any Normabec shares which may be issued prior to the
Arrangement following the exercise of outstanding warrants and options).  NEWCO
will continue to be managed by the existing Normabec management.  Concurrently
with the completion of the Arrangement, First Majestic will purchase, via a
private placement, such number of shares of NEWCO as is equal to approximately
10% of the issued and outstanding shares of NEWCO for a purchase price of
C$300,000.  Based on the number of Normabec shares currently outstanding, these
shares will be issued at a price of approximately C$0.16 per share (subject to
certain adjustments, including adjustment for any shares of Normabec issued
prior to closing, and subject to the approval of the TSX Venture Exchange).


The Pitt Gold Property is located approximately 35 km north of Rouyn-Noranda and
more precisely 7 km to the east of the town of Duparquet, Abitibi. The Property
is strategically located between the Beattie, Donchester and Central Duparquet
former producers, to the west, and the Duquesne and Golconda gold mines, to the
east. They form part of the Duparquet gold camp which historically produced more
than 1 million ounces of gold. Most of these former producers were located close
to the Porcupine-Destor Fault. Since 2005, Normabec completed a total of 28,205
meters of diamond drilling on the property.

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