13.01.2005 – 17:58

First Majestic Resource Corp.

Mr. David Shaw Joins First Majestic Board

Vancouver, British Columbia (ots/PRNewswire)

The Company is
pleased to announce the appointment of Mr. David Shaw as a director
of the Company. The Company is confident that David will become a
vital component to the Company's management team and an important
contributor to the Company's future success.

Mr. Shaw graduated in 1973 from the University of Sheffield,
England, with a B.Sc. (Sp. Hons.) in geology followed by a Ph.D. in
structural geology from Carleton University, Ottawa.

Since completing his doctorate 25 years ago David has worked both
in the technical and financial communities within the resource
industry. Seven years were spent with Chevron Resources in Calgary
and Vancouver, employed initially as an in-house structural
consultant on both metal and hydrocarbon exploration programs and
then as a member of a hydrocarbon project financial evaluation team.
Upon leaving Chevron, he initiated and developed the Resource
Research Group at Charlton Securities Ltd., Calgary before assuming
the position of Senior Mining Analyst, Corporate Finance, at Yorkton
Securities Inc. in Vancouver. Throughout David's career, he has built
strong relationships with European financial institutions and the
global mining community. Recently he has been assisting a Vancouver
based junior exploration company with development and exploration of
its projects in Central and South America.

Keith Neumeyer, President commented; "David is a valuable addition
to our management team. His successes and experience in the mining
industry will definitely enhance the Company's objectives."

The Company has also agreed to grant a 200,000 Director's stock
options to Mr. Shaw at a price of CAD$1.79. The stock option is
exercisable for a  period of three years.

The granting of the stock options is subject to regulatory
approval.

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 has in no way passed upon the merits of
the proposed transaction and the TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.

Contact:

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