First Majestic Silver : Form of Voting Instructions

• To set the number of Directors at six (6).

• Appointment of Deloitte LLP as Auditor of the Company for the ensuing year and authorizing the Directors to fix their remuneration.

• Approval of an advisory resolution with respect to the Company's approach to executive compensation, as more particularly set out in the section of the Information Circular entitled "Advisory Vote on Executive Compensation".

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RECOMMENDATION: FOR

FOR AGAINST

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RECOMMENDATION: FOR

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TO RECEIVE FUTURE PROXY MATERIALS BY MAIL CHECK THE BOX TO THE RIGHT.
TO REQUEST MATERIALS FOR THIS MEETING REFER TO THE NOTICE INCLUDED IN
THE PACKAGE WITH THIS FORM.	0

2601 14TH AVENUE MARKHAM, ON L3R 0H9

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FIRST MAJESTIC SILVER CORP.

SUITE 1800-925 WEST GEORGIA STREET VANCOUVER, BC V6C 3L2

CANADA

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ANNUAL MEETING

FIRST MAJESTIC SILVER CORP.

THURSDAY, MAY 23, 2024 AT 10:00 A.M. PDT

The Sutton Place Hotel

845 Burrard Street

Vancouver, British Columbia V6Z 2K6

MAY 21, 2024

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