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.
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.maya.dev.penega.com or contact:
Maya Gold & Silver Inc..:
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.
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.