Maya Gold & Silver Inc.

Maya Gold & Silver Inc.

February 18, 2010 16:58 ET

Maya Gold & Silver Inc. Private Placement Amendment

MONTREAL, QUEBEC--(Marketwire - Feb. 18, 2010) - Maya Gold & Silver Inc. (TSX VENTURE:MYA) ("Maya" or the "Company") further to the TSX Venture Exchange bulletin dated February 16, 2010, the Company filed today an amended documentation with respect to a Non-Brokered Private Placement, announced on December 22, 2009.

The commission to Cormel Capital LLC ("Cormel"), should read 50,000 instead of 80,000 finder options, which represent for 5% of the number of Units subscribed through the intermediary of Cormel. Each option entitles the holder to purchase a unit of the company at a price of 40 cents until January 16, 2012. Each unit consists of one common share and one common share purchase warrant, exercisable at a price of 50 cents per share until April 30, 2012.


Maya Gold & Silver Inc. is a Canadian Mining Company, newly listed on the TSX Venture Exchange 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.

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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