NMB Normabec Mining Resources Com Npv

First Majestic Silver Corp. ("First Majestic")
(TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ), Normabec Mining Resources Ltd.
("Normabec") (TSX VENTURE:NMB) and Brionor Resources Inc. ("Brionor") are
pleased to announce the closing today of the plan of arrangement (the
"Arrangement") previously announced in the joint news release of First Majestic
and Normabec dated September 14, 2009.


Under the Arrangement, First Majestic today acquired all of the issued and
outstanding shares of Normabec and Brionor acquired all of the non-Mexican
assets of Normabec, including the Pitt Gold Property located in Quebec. Holders
of Normabec shares will receive 0.060425 First Majestic shares and 0.25 Brionor
shares for each Normabec common share held.


Concurrent with the completion of the Arrangement, First Majestic purchased, via
a private placement, 2,115,195 common shares of Brionor for an aggregate
purchase price of C$300,000, representing a price per share of approximately
C$0.1418. These shares represent 9.9% of the total issued and outstanding shares
of Brionor after completion of the transactions.


Shares of Brionor are expected to commence trading on the TSX Venture Exchange
under the symbol BNR by Wednesday, November 18, 2009. Until the shares of
Brionor commence trading separately, Normabec will continue to be listed and
trading on the TSX Venture Exchange. Shares of Normabec purchased on the
Exchange will represent only the right to receive shares of First Majestic and
Brionor based on the exchange ratios described above.


Former shareholders of Normabec will receive the shares of First Majestic and
Brionor to which they are entitled upon delivery to Computershare Trust Company
of Canada of the certificates previously representing their Normabec shares
together with a duly completed letter of transmittal. Shareholders are
encouraged to contact Computershare for further information concerning the
exchange process.


Gryphon Partners acted as financial advisor to First Majestic and Haywood
Securities Inc. acted as financial advisor to Normabec in connection with the
Arrangement.


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.


About Brionor

Brionor is a junior mining exploration company with a portfolio of exploration
projects including the 100% owned Pitt Gold Project in Quebec.


First Majestic Silver Corp.

Keith N. Neumeyer, President & CEO

Brionor Resources Inc.

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.

Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From May 2024 to Jun 2024

Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From Jun 2023 to Jun 2024