MONTREAL, QUEBEC -- (Marketwire) -- 12/23/11 -- Maya Gold & Silver Inc. ('Maya' or the 'Corporation) (TSX VENTURE: MYA) announces that it is applying to the TSX Venture Exchange ('TSXV') to extend the term of 4,000,800 common share purchase warrants originally issued between July 7, 2010 and July 22, 2010 (the 'Warrants') as part of a non brokered private placement of its securities. The Corporation is seeking an extension of the term of the original expiry dates (between January 7 and January 23, 2012) to April 3, 2012. All other terms of the Warrants, including the exercise price of Cdn$0.35 per common share, will remain unchanged. For details of the Warrants please see news release issued on July 22, 2010.
The Warrants were issued in at different dates as part of the same private placement; management of the Corporation believes it is equitable to offer the same conditions to all subscribers and therefore, to have the same expiry date for the Warrants.
The extension to the Warrant terms is subject to approval of the TSX Venture Exchange.
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.
Contacts:
Maya Gold & Silver Inc.
Guy Goulet
President and Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com
www.mayagoldsilver.com
