First Majestic Silver Corp. at the annual general and special meeting held on May 26, 2022 announced Raymond Polman was newly elected to the board of directors at the meeting. Mr. Polman has over 28 years of public accounting and corporate finance experience in the Canadian and US financial markets and was previously the Chief Financial Officer for the Company between 2007 to 2021. Prior to First Majestic, Mr. Polman had been
a Chief Financial Officer for six years with a number of publiclytraded high technology companies, prior to which he served several years as the Director of Finance for Rescan Environmental, a large privately owned company serving the global mining community. Mr. Polman has a Bachelor of Science (Economics) Degree from the University of Victoria and he is a member of the Institute of Chartered Accountants of British Columbia. Douglas Penrose was not a nominee for reelection as a director as he has fulfilled his term under the Director Tenure Policy.