Maya Gold & Silver Announces Share Exchange Agreement and Unit Subscription by Praetorian Resources Limited for a Total Investment of CAD3,000,000

Montreal, Quebec, July 12, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announced today that it has entered into a share exchange agreement (the “Exchange Agreement”) and a subscription agreement (the “Subscription Agreement”) with AIM quoted Praetorian Resources Limited (“Praetorian”).

Pursuant to the Subscription Agreement, Praetorian has agreed to subscribe for 5,000,000 units of Maya at a price of CAD0.25 per unit (the “Subscription”) for total proceeds to Maya of CAD1,250,000 which represents part of Maya’s non-brokered private placement of CAD7,500,000 announced and described in Maya’s press release dated June 19, 2012. The 5,000,000 units shall be issued to Praetorian at closing of the said private placement.

Pursuant to the Exchange Agreement, the Corporation issued and exchanged 7,000,000 common shares of the share capital of the Corporation (the “Maya Common Shares”) at a deemed issue price of CAD0.25 per Maya Common Share (total aggregate deemed value of CAD1,750,000) for 2,185,315 ordinary shares of Praetorian (the “Praetorian Ordinary Shares”) (with 1,092,657 subscription shares of Praetorian (the “Praetorian Subscription Shares”) attached on a 1 for 2 basis) at a price of £0.50 per Praetorian Ordinary Share (the “Share Exchange”). Each Praetorian Subscription Share entitles Maya to purchase one additional Praetorian Ordinary Share at a price of £0.70 per Praetorian Ordinary Share, payable in full on subscription. The expiry date for conversion is the last business day in July 2015. The holder of Praetorian Subscription Shares is not entitled to any right of participation in the profits of Praetorian. The Praetorian Subscription Shares and the Praetorian Ordinary Shares trade separately on AIM.

Praetorian is a newly formed natural resource focused investment holding company incorporated in Guernsey. Praetorian’s investment strategy is focused on taking opportunistic advantage of investing in mining and energy stocks with depressed valuations arising, inter alia, during cyclic economic downturns. By arranging share exchanges, the intent is to provide its investee companies with an additional means of raising capital particularly where the size of the company isn’t currently attractive to institutional investors. Praetorian’s admission document is available at www.praetorianresources.com.

The Share Exchange and the Subscription will represent a total investment of CAD3,000,000 by Praetorian in the share capital of Maya and consequently secure a significant new investor with a deep understanding of Maya’s industry. Guy Goulet, President and Chief Executive Officer of Maya, commented: “We are pleased that Praetorian, a new resource focused investment holding company, has selected Maya as part of its core of investments. The Praetorian management comprises industry specialists both in corporate finance and resource stock selection. We are pleased to take part in this placing in Praetorian with the firm belief in Praetorian’s underlying investment model and we are encouraged by such a strong endorsement by Praetorian of our investment case.”.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian-based mining company focused on the exploration and development of gold and silver deposits located in Morocco. Maya is listed on the TSX Venture under the symbol MYA. The Company is committed to developing and adding value to its Moroccan properties.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Mandates ACA Howe International For NI43-101 Resource Estimation And Michel Boily (Phd) For NI43-101 Report

Montreal, Quebec, June 21, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) is pleased to announce that it has retained the services of ACA Howe International Limited (“ACA Howe”), a leading geological and mining engineering consulting group, to prepare an independent mineral resource estimate in accordance with NI 43-101 standards on the Zgounder silver project in Morocco. ACA Howe has offices in Toronto and the UK and has operated worldwide for more than 30 years. ACA Howe visited and reviewed the Zgounder project in 1999 and prepared a technical report on the property. ACA Howe visited the property in May 2012 to acquire more recent information and to conduct limited check sampling both underground and on drill core to determine whether previous sample results could be used in the resource estimate. The 1999 report will be updated to include results from more than 20,000 meters of drilling from 2000 to 2004, notably in the Northern zone and mining operations during this period. All historical resource estimates utilized a cut-off grade of 150g/t Ag as the price of silver ranged between CAD $5.00 and CAD $12.00 for this period.

Maya has also mandated Michel Boily (PhD, P.Geo), an independent qualified person (QP) to produce a separate NI 43-101 property of merit report on the Zgounder silver deposit.

Finally, the management of Maya is pleased to announce the appointment of Mr. François Goulet, M.Sc., P.Geo, OGQ as project geologist. This appointment is in relation with the Corporation’s strategy to increase the current team to enhance the development of the pipeline of projects located in Morocco.

Mr. Goulet holds a degree in Geology from UQAM and has worldwide experience in exploration for precious metals, on both regional and property scale, ranging from early stage exploration to definition drilling. He was a project manager for Unigold Inc. in Dominican Republic and has extensive hands-on experience in project development. Mr. Goulet also worked in Northern Quebec for Virginia Gold Mines Inc. and SOQUEM.

“The addition of geologist François Goulet to Maya’s team is raising the bar in terms of the expertise and the experience available in the field for a successful 2012 exploration campaign” says Guy Goulet President and CEO of Maya.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian-based mining company focused on the exploration and development of gold and silver deposits located in Morocco. Maya is listed on the TSX Venture under the symbol MYA. The Company is committed to developing and adding value to its Moroccan properties.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statement.

Maya Gold & Silver Announces Board of Directors and Executive Officers

Montreal, Quebec, June 20, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) held its Annual and Special Meeting of Shareholders yesterday, in Montreal, at which Meeting : John Booth, René Branchaud, Réjean Gosselin, Guy Goulet, Noureddine Mokaddem, Martin Wong and Roland Wismer were re-elected as directors of the Corporation.

PricewaterhouseCoopers LLP have been appointed as auditors of the Corporation for the ensuing year and the directors have been authorized to fix their remuneration.

Subsequent to the annual meeting of shareholders, the Board of Directors appointed Réjean Gosselin as Chairman of the Corporation, Guy Goulet as President and Chief Executive Officer, Noureddine Mokaddem as Executive Vice-President and Chief Operating Officer, Alain Krushnisky as Chief Financial Officer and Luce L. Saint-Pierre as Corporate Secretary.

Shareholders also approved the amendment of the Corporation’s Stock Option Plan (“Stock Option Plan”) increasing to 7,000,000 the number of Common Shares reserved and set aside for the issuance under the Stock Option Plan.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian-based mining company focused on the exploration and development of gold and silver deposits located in Morocco. Maya is listed on the TSX Venture under the symbol MYA. The Company is committed to developing and adding value to its Moroccan properties.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc..:

Guy Goulet
President & Chief Executive Officer   T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Announces Non brokered Private Placement Cad 7.5m And Cad 8.0m Debt Financing To Re Star Zgounder Silver Mine In Morocco

Montreal, Quebec, June 19, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announced its intention to complete a non-brokered private placement of up to 30,000,000 units (the “Units”) at a price of CAD 0.25 per Unit for aggregate gross proceeds to the Corporation of up to CAD 7,500,000 (the “Private Placement”). Each Unit will consist of one common share in the capital of the Corporation (a “Common Share”) and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to purchase one additional Common Share at a price of CAD 0.35 per Common Share for a period of 24 months from the closing of the Private Placement.

The Private Placement is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.

The Corporation also announced its intention to complete a non-brokered debt financing for aggregate gross proceeds to the Corporation of up to CAD 8,000,000 (the “Debt Financing”). The terms and conditions of the Debt Financing remain to be negotiated with the proposed lenders.

he Corporation intends to use the net proceeds of the Private Placement and the Debt Financing for the re-commissioning and further development of the Zgounder silver mine and the adjacent mineral deposit, in Morocco.

Subsequent to year end, the Corporation had previously completed CAD 4,770,000 of financing to support its pipeline of projects in Morocco.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Announces Closing Of $2,030,000 Private Placement And $580,000 Debenture Financing As An Extension Of The Previous Financing And Warrant Re-pricing

Montreal, Quebec, June 14, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announces the closing of a non-brokered private placement (the “Private Placement”). Under the terms of the Private Placement, Maya issued 29 units (the “Units”) at a price of $70,000 per Unit, for total gross proceeds of $2,030,000. Each Unit consisted of 300,000 common shares from the share capital of Maya (the “Common Shares”) and 150,000 common share purchase warrants (the “Warrants”). The securities issued under the Private Placement are subject to a four-month and one day hold period, expiring October 15, 2012.

Each Warrant entitles the holder thereof to purchase one Common Share of the Corporation at an exercise price of $0.35 per Common Share at any time on or before 5:00 p.m. (Montreal time) on December 31, 2013. The Warrants will be subject to an accelerated expiry if, following the hold period of four months and one day from the closing date of the Private Placement, the weighted average trading price (as such term is defined in the TSX Venture Exchange Policies) of the Common Shares is equal to or greater than $0.50 for any 20 consecutive trading days. In that event, the holders will be given notice that the Warrants will expire within 30 days following the date of such notice. The Warrants may be exercised by the holders during the 30-day period between the notice and the accelerated expiry date of the Warrants.

The 29 Units were issued as part of an extension of previous financings of the Corporation completed between November 17, 2011 and April 5, 2012 and pursuant to which the Corporation issued a total of 60 units at a price of $70,000 per unit; each unit consisted of 300,000 Common Shares and 150,000 common share purchase warrants of the Corporation.

Concurrently with the closing of the Private Placement, the Corporation has applied to the TSX Venture Exchange to reduce the exercise price of all its common share purchase warrants currently issued and outstanding that have an exercise price of $0.70, being a total 15,985,978 common share purchase warrants (the “Amended Warrants”). The Amended Warrants were originally issued between Mars 4, 2011 and April 5, 2012 as part of non-brokered private placements of the securities of the Corporation. The Corporation is seeking the reduction of the exercise price of the Amended Warrants from $0.70 to $0.35, in line with the terms and conditions of the Warrants detailed above. With the exception of the Amended Warrants issued in March 2011 (please see below), the Corporation is also seeking to adjust the weighted average trading price of the Common Shares that triggers the accelerated expiry provisions of the Amended Warrants from $1.00 to $0.50, again in line with the terms and conditions of the Warrants detailed above.

Pursuant to the policies of the TSX Venture Exchange, the accelerated expiry provisions of the Amended Warrants issued in March 2011, being 6,985,978 Amended Warrants, would rather be amended to provide that the exercise period of such Amended Warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired term of such Amended Warrants, the closing price of the Corporation’s common shares on the TSX Venture Exchange exceeds $0.467. The 30 day period will begin 7 calendar days after such 10 consecutive trading day period. The Corporation will give holders of such Amended Warrants prompt written notice of the commencement of the accelerated exercise period. These provision will replace the accelerated expiry provisions currently set out in such Amended Warrants.

The Private Placement and approval of the re-pricing of the Amended Warrants are subject to regulatory approvals, including final approval by the TSX Venture Exchange.

In connection with the Private Placement, finders’ fees of up to 7% of the gross proceeds raised under certain subscriptions were paid by Maya to arm’s length parties.

The Corporation is also pleased to announce that it has completed a financing of non-convertible debentures (the “Debentures”) in the principal amount of $580,000 (the “Debenture Financing”). The Debentures will mature on December 31, 2013.

The net proceeds of the Private Placement and the Debenture Financing were used for the re-commissioning and further development of the Zgounder silver mine and the adjacent mineral deposit, in Morocco.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Extends Financing For An Amount Of CAD 1.26 Million And Provides An Update On Activities In Morocco

Montreal, Quebec, April 5, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announces the closing of a non-brokered private placement (the “Private Placement”). Under the terms of the Private Placement, Maya issued fourteen units (the “Units”) at a price of CAD 70,000 per Unit, for total gross proceeds of CAD 980,000. Each Unit consisted of 300,000 common shares from the share capital of Maya (the “Common Shares”) and 150,000 common share purchase warrants (the “Warrants”). The securities issued under the Private Placement are subject to a four-month and one day hold period, expiring August 6, 2012.

Each Warrant entitles the holder thereof to purchase one Common Share of the Corporation at an exercise price of CAD 0.70 per Common Share at any time on or before 5:00 p.m. (Montréal time) on December 31, 2013. The Warrants will be subject to an accelerated expiry if, following the hold period of four months and one day from the closing date of the Private Placement, the weighted average trading price (as such term is defined in the TSX Venture Exchange Policies) of the Common Shares of the Corporation is equal to or greater than CAD 1.00 for any 20 consecutive trading days. In that event, the holder will be given notice that the Warrants will expire within 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the accelerated expiry date of the Warrants.

A director of the Corporation has subscribed for three (3) units, representing 21.4% of Units issued pursuant to the Private Placement (the “Insider Participation”). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on that neither the fair market value of such Insider Participation nor the consideration paid by such insider exceeded 25% of the Corporation’s market capitalization.

The Corporation is also pleased to announce that it has completed a financing of non-convertible debentures (the “Debentures”) in the principal amount of CAD 280,000 (the “Debenture Financing”). The Debentures will mature on December 31, 2013.

The Private Placement is subject to regulatory approvals, including final approval by the TSX Venture Exchange.

In connection with the Private Placement, finders’ fees totaling CAD 24,600 were paid by Maya to arm’s length parties.

The net proceeds of the Private Placement and the Debenture Financing is being used to secure the acquisition of the Zgounder Silver Mine, for rehabilitation works at the Zgounder Silver Mine, to complete final payment with regards to the acquisition of the Azegour Mo-W-Cu Mine and for general working capital. At present, all cash payments in relation with the 2011 acquisitions are up to date and no other cash payments are due in 2012.

Zgounder Silver Mine

Further to its press release dated September 15, 2011, the Corporation is also pleased to announce the approval by the Ministère de l’Énergie et des Mines of Morocco of the joint-venture agreement (the “Agreement”) entered into by l’Office National des Hydrocarbures et des Mines (“ONHYM”) and the Corporation relating to the acquisition by the Corporation of an 85% interest in the Zgounder Silver Mine and facilities located in the Taroudant province, Morocco.

Stock Option Plan

The Corporation announces that the Board of Directors has approved, subject to regulatory approval, an increase in the number of Common Shares reserved for issuance under the Corporation’s fixed number stock option plan (the “Plan”) from 4,000,000 to 7,000,000. The number of Common Shares reserved under the Plan represents 10.33% of the total number of Common Shares currently issued and outstanding.

The Corporation further announces, that the Board of Directors granted a total of 1,560,000 options to purchase Common Shares to officers, directors, employees and consultants. All options have an exercise price of CAD 0.35 per Common Share and an exercise period of five years.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Closes CAD 700,000 Private Placement And CAD 200,000 Debenture Financing As An Extension Of The Previous Financing

Montreal, Quebec, February 13, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announces the closing of a non-brokered private placement (the “Private Placement”). Under the terms of the Private Placement, Maya issued ten units (the “Units”) at a price of CAD 70,000 per Unit, for total gross proceeds of CAD 700,000. Each Unit consisted of 300,000 common shares from the share capital of Maya (the “Common Shares”) and 150,000 common share purchase warrants (the “Warrants”). The securities issued under the Private Placement are subject to a four-month and one day hold period, expiring June 11, 2012.

Each Warrant entitles the holder thereof to purchase one Common Share of the Corporation at an exercise price of CAD 0.70 per Common Share at any time on or before 5:00 p.m. (Montréal time) on December 31, 2013. The Warrants will be subject to an accelerated expiry if, following the hold period of four months and one day from the closing date of the Offering, the weighted average trading price (as such term is defined in the TSX Venture Exchange Policies) of the Common Shares of the Corporation is equal to or greater than CAD 1.00 for any 20 consecutive trading days. In that event, the holder will be given notice that the Warrants will expire within 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the accelerated expiry date of the Warrants.

In connection with the Private Placement, finders’ fees totaling CAD 33,300 were paid by Maya to arm’s length parties. The finders were also issued 90,000 broker warrants, each broker warrant entitling the holder thereof to purchase one Common Share of the Corporation at an exercise price of CAD 0.35 per Common Share, at any time on or before 5:00 p.m. (Montréal time) on December 31, 2013.

A director of the Corporation has subscribed for one (1) unit, representing 10% of Units issued pursuant to the Private Placement (the “Insider Participation”). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on that neither the fair market value of such Insider Participation nor the consideration paid by such insider exceeded 25% of the Corporation’s market capitalization.

The Corporation is also pleased to announce that it has completed a financing of non-convertible debentures (the “Debentures”) in the principal amount of $200,000 (the “Debenture Financing”). The Debentures will mature on December 31, 2013.

The net proceeds of the Private Placement and the Debenture Financing will be used to fulfill commitments with regards to the acquisition of the Zgounder Silver Mine, initiate rehabilitation of sites and for general corporate working capital.

The Offering is subject to regulatory approvals, including final approval by the TSX Venture Exchange.

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ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver Extends Financing For An Amount Of CAD 1.26 Million And Provides An Update On Activities In Morocco

Montreal, Quebec, February 13, 2012 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) announces the closing of a non-brokered private placement (the “Private Placement”). Under the terms of the Private Placement, Maya issued ten units (the “Units”) at a price of CAD 70,000 per Unit, for total gross proceeds of CAD 700,000. Each Unit consisted of 300,000 common shares from the share capital of Maya (the “Common Shares”) and 150,000 common share purchase warrants (the “Warrants”). The securities issued under the Private Placement are subject to a four-month and one day hold period, expiring June 11, 2012.

Each Warrant entitles the holder thereof to purchase one Common Share of the Corporation at an exercise price of CAD 0.70 per Common Share at any time on or before 5:00 p.m. (Montréal time) on December 31, 2013. The Warrants will be subject to an accelerated expiry if, following the hold period of four months and one day from the closing date of the Offering, the weighted average trading price (as such term is defined in the TSX Venture Exchange Policies) of the Common Shares of the Corporation is equal to or greater than CAD 1.00 for any 20 consecutive trading days. In that event, the holder will be given notice that the Warrants will expire within 30 days following the date of such notice. The Warrants may be exercised by the holder during the 30-day period between the notice and the accelerated expiry date of the Warrants.

In connection with the Private Placement, finders’ fees totaling CAD 33,300 were paid by Maya to arm’s length parties. The finders were also issued 90,000 broker warrants, each broker warrant entitling the holder thereof to purchase one Common Share of the Corporation at an exercise price of CAD 0.35 per Common Share, at any time on or before 5:00 p.m. (Montréal time) on December 31, 2013.

A director of the Corporation has subscribed for one (1) unit, representing 10% of Units issued pursuant to the Private Placement (the “Insider Participation”). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on that neither the fair market value of such Insider Participation nor the consideration paid by such insider exceeded 25% of the Corporation’s market capitalization.

The Corporation is also pleased to announce that it has completed a financing of non-convertible debentures (the “Debentures”) in the principal amount of $200,000 (the “Debenture Financing”). The Debentures will mature on December 31, 2013.

The net proceeds of the Private Placement and the Debenture Financing will be used to fulfill commitments with regards to the acquisition of the Zgounder Silver Mine, initiate rehabilitation of sites and for general corporate working capital.

The Offering is subject to regulatory approvals, including final approval by the TSX Venture Exchange.

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ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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

Forward-looking statements

This release may contain forward-looking statements including management’s assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Maya Gold & Silver / Renewal of the five permits of the Amizmiz Project, Morocco

Montreal, Quebec, November 24, 2011 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) report today that following the regulatory investigation conducted by the Ministère de l’Énergie, des Mines, de l’Eau et de l’Environnement du Maroc (Moroccan Mining Authorities) the renewal of the five permits covering the Amizmiz project has been approved. Permits PE183200, PE18201, PE183202 and PE183203 are valid until May 16, 2015 and Permit PEI83208 (Azegour Mine) is valid until July 16, 2015.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc/.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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