MONTREAL, QUEBEC–(Marketwire – Nov. 24, 2011) – Maya Gold & Silver Inc. (“Maya” or the”Corporation) (TSX VENTURE: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”.

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.

Contact Information

• Maya Gold & Silver Inc.
  Guy Goulet
  President and Chief Executive Officer
  450-435-0700 ext. 204
  ggoulet
  www.mayagoldsilver.com