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
February 7, 2008
Item 3 News Release
The Issuer issued a news release at Vancouver, British Columbia on 7 February 2008 through Marketwire.
Item 4 Summary of Material Change
MAG SILVER INTERSECTS HIGH GRADE SILVER, LEAD, ZINC AT CINCO DE MAYO
6.87 metres 254 g/t (7.4 opt) silver, 6.4% lead and 7.0% zinc
Vancouver, B.C... MAG Silver Corp (TSX: MAG, AMEX: MVG) (“MAG”) announces assay results from a 12 hole, 6,316 metre program completed late last year on MAG’s 100% owned Cinco de Mayo property in Northern Chihuahua State, Mexico. The highlight from this program of widely spaced holes was Hole 07-20 which intersected 6.8 metres (estimated true thickness) of galena and sphalerite-rich massive sulphides grading 254 grams per tonne (g/t) (7.4 ounces per ton (opt)) silver, 6.4% lead and 7.0% zinc. This includes a compositionally distinct interval, 2.12 metres thick, grading 512 g/t (15.9 opt) silver, 12.15% lead and 13.10% zinc (see table below).
Item 5.1 Full Description of Material Change
Please see the Issuer’s news release dated 8 February 2008 (NR#08-03) 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 8 February 2008