25.04.2005 – 20:39

First Majestic Resource Corp.

Discovery of Third Ore Shoot at La Parrilla Silver Mine and Update

Vancouver, British Columbia (ots/PRNewswire)

TSX Venture Exchange - FR

Pink Sheets - FMJRF

Frankfurt - 905910

First Majestic Resource Corp ("First Majestic" or the "Company")
is pleased to announce the discovery of what is interpreted to be a
third ore shoot (Ore Shoot No. 3) during its first stage development
and exploration program at the La Parrilla Silver Mine in Durango,
Mexico. The discovery was made as a result of mining and development
activity 50 metres east of Ore Shoots No. 1 and No. 2 in the oxide
cap of an identified regional mineralized structure 4 kms in length.
The purpose of this development, which began in December 2004, has
been to supply fresh oxide ore to the mill for silver production and
to gain safe access to the sulphide levels 8 and 9 and to allow for
further underground exploration and resource development and
expansion.

The Company has prepared and filed a report pursuant to National
Instrument 43-101 which can be accessed at www.sedar.com. The
Qualified Person was Jan N. Helsen, Ph. D., P. Geo. Dr. Helsen
visited the site on February 25 and 26, 2005, and reviewed the
ongoing development and mining operations. To date 179 samples have
been taken from the oxide ramp of Ore Shoot No. 3, which is in excess
of 123 metres in length and is 1.83 meters in width. The average
assayed grade in this section is 376 grams per tonne silver. These
samples were sent to and assayed at the ALS Chemex Lab in Vancouver,
British Columbia.

Previous work (see Orequest 43-101 report dated April 26, 2004),
indicates that mineable sulphide ore is present in Ore Shoots 1 and 2
and that both are open to depth. The discovery of this third Ore
Shoot is extremely important as it provides the Company a third
potential option for future mining activity

As part of the ongoing exploration and underground development
program the Company has defined a 25,000 metre diamond drilling
program which will focus on the depth and strike extensions of all
three ore shoots and two regional structures with a strike length of
over 4 kms. The diamond drill program is scheduled to begin at the
end of May 2005.

Improved Mill Recoveries

Over the last few months the mill has operated with a throughput
of approximately 180 tonnes per day. The bulk of the Company's silver
production has originated from oxides in level 0 (Ore Shoot No.1) and
from ramp development in the newly discovered Ore Shoot No. 3.

The implementation of the additional five leaching tanks
(announced October 4, 2004) which began full operation in March has
resulted in improved silver recoveries from oxide ore from an initial
40% to 60%. The Company is targeting recoveries of 80%. Further
improvements scheduled to take place over the next few months are
designed to prepare the mill for mixed sulphide and oxide ore
production. With the addition of sulphide ore production the Company
plans to increase throughput to approximately 400 tonnes per day.

Letter Agreement signed to Acquire La Encarnacion Mining Claim

The Company is pleased to further announce that it has entered
into a Letter Agreement with Oremex Resources Inc. to acquire its La
Encarnacion Mining Claim adjacent to the La Parrilla Silver Mine.
Terms of the agreement requires the Company to pay CDN$20,000 and
200,000 common shares to obtain a 100% interest. The 16 hectare
claim, which hosts past production, lies within the land boundaries
of the La Parrilla Silver Mine property and increases the Company's
land holding to approximately 300 hectares. The terms and conditions
of the Letter Agreement are subject to final legal due diligence
review and regulatory approval.

Final Payment for La Parrilla Silver Mine

The Company is pleased to announce that it has made the final
instalment of US$1,000,000 for the acquisition of a 100% interest in
the La Parrilla Silver Mine. Pursuant to the terms to the original
purchase documents signed January 9, 2004, title of the La Parrilla
was transferred to the Company; however, an overriding mortgage
agreement was placed on the property. As final payment has now been
made, these mortgages will be removed and no further liens or
encumbrances will be attached to the La Parrilla Silver Mine
resulting in full ownership for the Company.

FIRST MAJESTIC RESOURCE CORP.

"signed"

Keith Neumeyer

President

This press release includes certain "Forward-Looking Statements"
within the meaning of section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein, including without
limitation, statements regarding potential mineralization and
reserves, exploration results and future plans and objectives of
First Majestic Resource Corp. are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements.

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

Web site: www.firstmajestic.com

Contact:

For further information: FIRST MAJESTIC RESOURCE CORP.: Suite 1480 -
885 West Georgia Street, Vancouver, B.C., Canada, V6C 3E8; Telephone:
+1-604-688-3033, Fax: +1-604-601-2010, Toll Free: 1-866-529-2807; Web
site: www.firstmajestic.com; E-mail: info@firstmajestic.com