Mexican Silver Mines Ltd.
TSX VENTURE : MSM
FRANKFURT : MS2

Mexican Silver Mines Ltd.

May 25, 2009 09:30 ET

Mexican Silver Mines Ltd. Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2009) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM)(FRANKFURT:MS2) (WKN:A0MSLE) is pleased to announce that, subject to regulatory approval, it has granted 100,000 options (the "Options") to Fayyaz Alimohamed, the President and principal of Acamar Asia Consultants Inc., a Vancouver based company that provides investor relations activities to Mexican Silver. The Options are exercisable at a price of $0.23 per common share with an expiry date of May 21, 2010. The Options vest as to 1/4th of the Options granted every three months from the issuance date, with the first Options vesting on the date of the grant.

About Mexican Silver

Mexican Silver Mines is a silver focused junior resource company developing three former silver producing properties in northeastern Mexico. To learn more about Mexican Silver Mines, please visit: www.mexicansilvermines.com.

ON BEHALF OF THE BOARD OF MEXICAN SILVER MINES LTD.

Feisal Somji, B.Sc., MBA, President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.

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