13 May 2008
MAG SILVER CORP.
Report of Voting Results
The following matters were put to vote at the annual general and special meeting of shareholders of MAG Silver Corp. (the “Issuer”) held on May 9, 2008.
The report on the voting results is as follows:
1. To receive the report of the directors of the company
By a vote of show of hands, the motion to receive the report of the directors of the company was passed;
2. To receive the audited financial statements of the Company for the financial year ended December 31, 2007 and accompanying report of the auditor
By a vote of show of hands, the motion to receive the audited financial statements of the Company for the financial year ended December 31, 2007 and accompanying report of the auditor was passed;
3. To set the number of directors
By a vote of show of hands, the number of directors of the Issuer was set at seven (7);
4. Election of Directors
By a vote of show of hands, the following persons were elected as directors of the Issuer until their term of office expires:
Daniel T. MacInnis | R. Michael Jones | Peter K. Megaw |
Eric H. Carlson | Jonathan A. Rubenstein | Derek C. White |
Richard M. Colterjohn |
5. Appointment of Auditors
By a vote of show of hands, the directors were authorized to fix the auditors’ remuneration.
6. Stock Option Plan
By a vote by ballot, the Amendment and Restatement of the Stock Option Plan (2007) was not approved. The result of the vote by ballot with respect to this matter is as follows:
Number of Votes | Percentage of Votes | |||||||
FOR the motion | 12,247,038 | 46.02 | % | |||||
AGAINST the motion | 14,367,783 | 53.98 | % | |||||
Total | 26,614,821 |
MAG SILVER CORP.
Per: “Frank Hallam”
Frank R. Hallam, CFO
MAG Silver Corp., Suite 328, 550 Burrard Street, Vancouver B.C., Canada V6C 2B5.
Tel. 604-630-1399 Fax: 604-484-4710 www.magsilver.com