Maya Gold & Silver Inc.
TSX VENTURE : MYA

Maya Gold & Silver Inc.

August 26, 2010 16:46 ET

Maya Gold & Silver Announces Participation of Insiders in Private Placement

MONTREAL, QUEBEC--(Marketwire - August 26, 2010) - Maya Gold & Silver Inc. ("Maya" or the "Company") (TSX VENTURE:MYA) announced today that, further to its August 18, 2010 news release, insiders of the Company will participate for more than 25% in the non-brokered private placement under the same conditions as previously announced.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian Mining Company that focuses on the exploration and development of gold and silver deposits. The Company is committed to developing and adding value to its primary property, Amizmiz gold and silver project in Morocco.

For further information on Maya visit www.mayagoldsilver.com

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

Except for statements of historical fact, all statements in this news release, without limitation regarding new project acquisitions future plans and objectives are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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