Form 51-102F3
Material Change Report
Item 1
Name and Address of Company
MAG SILVER CORP. (the “Issuer”)
328 – 550 Burrard Street
Vancouver BC, V6C 2B5
Telephone: (604) 630-1399 Facsimile: (604) 484-4710
Item 2
Date of Material Change
23 August 2007
Item 3
News Release
The Issuer issued a news release at Vancouver, British Columbia on 23 August 2007 through Marketwire.
Item 4
Summary of Material Change
MAG SILVER STARTS DRILL PROGRAM AT CINCO DE MAYO
Vancouver, B.C…. MAG Silver Corp. (TSXV:MAG; AMEX:MVG) (“MAG”)announces that two drills have been mobilized to theCinco de Mayo Property,a “Carbonate Replacement Deposit (CRD)”style targetin Chihuahua State, Mexico. Drilling will be targeted on newly discovered mineralization identified in the first pass program completed in January of this year.
Item 5.1
Full Description of Material Change
Please see the Issuer’s news release dated 23 August 2007 (NR#07-24) for a full description of the material change.
Item 5.2
Disclosure for Restructuring Transactions
Not applicable.
Item 6
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7
Omitted Information
Not applicable.
Item 8
Executive Officer
For further information, contact Dan MacInnis, President and CEO of the Issuer, at (604) 630-1399.
Item 9
Date of Report
Dated 23 August 2007