Friday, November 15

Maya Gold & Silver Acquires the Zgounder Silver Mine in Morocco

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Press Release Source: Maya Gold & Silver Inc. On Thursday September 15, 2011, 4:39 pm EDT

MONTREAL, QUEBEC–(Marketwire – Sept. 15, 2011) – Management and the Board of Directors of Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSX VENTURE:MYANews) are extremely pleased to announce that the Corporation has entered into a joint venture with L’Office National des Hydrocarbures et des Mines, referred to hereafter as ONHYM, in order to acquire 85% of the Zgounder silver deposit located in the Anti-Atlas mountains of central Morocco. ONHYM has awarded the Zgounder Silver Mine to Maya after evaluating international tenders. This confirms the firm intention of Maya to focus on exploration and development in the Kingdom of Morocco, said Noureddine Mokaddem, Executive Vice-President and COO.

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