Polaris Pool Sweep

MAG Silver Reports First Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2011) - MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) ("MAG" or the "Company") announces the Company's unaudited financial results for the three months ended March 31, 2011. For complete details of the First Quarter Condensed Interim Consolidated Financial Statements and related Management's Discussion and Analysis, please see the Company's filings on SEDAR ( www.sedar.com ) or on EDGAR ( www.sec.gov ). All amounts herein are reported in Canadian dollars unless otherwise specified.

At March 31, 2011, the Company had working capital of $37,688,517 (compared to $24,218,741 at March 31, 2010), including cash on hand of $35,456,632 (compared to $24,251,678 at March 31, 2010). Accounts receivable at March 31, 2011 totalled $2,332,080 (2010: $2,069,616) and was comprised primarily of value added taxes repayable to the Company by the Government of Mexico. Current liabilities at March 31, 2011 amounted to $1,549,528 (2010: $2,338,710) and are attributable primarily to accrued legal and exploration (drilling) expenses. The Company's net loss for the three months ended March 31, 2011 amounted to $1,427,461 (2010: $2,160,888). The decrease in the net loss compared to the prior period is primarily due to the decreased share based payment expense in the current period of $493,796 (March 31, 2010 - $1,159,401).

The condensed interim consolidated financial statements for the first quarter of 2011 were prepared on the basis of International Financial Reporting Standards ("IFRS"), mandatory for financial years beginning on or after January 1, 2011. Detailed disclosures of the effects of transition to IFRS from Canadian GAAP can be found in Note 15 of the unaudited condensed interim consolidated financial statements for the three months ended March 31, 2011.

Juanicipio Property

In the three months ended March 31, 2011, Minera Juanicipio (44% MAG/56% Fresnillo plc ("Fresnillo")) completed 3,922 metres of drilling on the property. A further 1,889 metres were drilled in April, bringing the four month total to 5,811 metres, representing approximately 24% of the approved drilling budget for 2011. Drilling in 2011 has been primarily directed to the Valdecañas Vein where 5 holes (totaling 4,500 metres) were approved in continuation of the program started in early 2010 to systematically convert Inferred Resources to Indicated status. Work was also designed to explore along the Juanicipio Vein for a potential bonanza zone and drilling in "other" areas continues the search for as yet undiscovered veins elsewhere on the Juanicipio property. At present, 7 drills continue in operation on the property.

Polaris Vac-Sweep 165 6-120-00 Pressure Side Automatic Pool ...

165 Pool sweep propels itself on the water’s surface while its trailing fine mesh bag traps debris before it clogs your pump and filter. Designed for in-ground vinyl liner and fiberglass pools up to eight feet deep, it vacuums and sweeps pools clean in three hours or less, even those with an uneven bottom. Simple to install — this pool vacuum connects to the return line and it’s unique filter bag removes debris before it reaches your pump basket or filter, reducing filter cleanings by up to 80% a year. Includes 32 ft. of hose.

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