Aranka Gold Inc.

Aranka Gold Inc.
Guyana Goldfields Inc.

Guyana Goldfields Inc.

October 20, 2005 08:00 ET

Aranka Gold Inc. 'ARK:TSX.V'/Guyana Goldfields 'GUY:TSX' are Pleased to Announce Property Acquisition

TORONTO, ONTARIO--(CCNMatthews - Oct. 20, 2005) - Aranka Gold Inc. (TSX VENTURE:ARK) is pleased to announce that it has been granted a reconnaissance permit in the Aranka district, Cuyuni river area, Guyana, South America. The permit, granted by the Guyana Geology and Mines Commission (GGMC) covers an area totaling 100,414 acres and gives the company the exclusive right to explore and define areas of gold mineralization and other valuable minerals for a period of eighteen months. After this time the Company may apply for up to twenty large scale prospecting licenses with an initial term of five years. The Company plans to conduct airborne geophysical surveys as well as stream sediment and soil sampling in order to define areas which may host significant mineralization of economic significance.

In addition, Aranka Gold Inc. has granted Guyana Goldfields Inc. (TSX:GUY) a back in right to acquire a 50% interest in all areas held by Aranka for a period of 3 years. Guyana may exercise this right by paying Aranka 125% of the total expenditures on the properties. Guyana Goldfields has agreed to assist Aranka by providing logistical and technical support.

The southern boundary of the Aranka district is located approximately eighteen miles ENE of the current base camp of Guyana Goldfield's Aurora Project. The geology of the Aranka district appears to be similar to that of the Aurora district. Aerial reconnaissance as well as historical reports indicate that the area hosts several significant areas of historical gold workings, the oldest of which date back to the original Pigeon Island gold rush of 1912 in which up to 5000 men were working in the southern part of the field. Gold mineralization appears to be closely related to the margins and main body of a granitic intrusive and into metamorphosed acid and basic volcanic rocks. The Company plans an aggressive exploration program for the Aranka District.

About Aranka Gold Inc.:

Aranka Gold Inc. (ARK: TSX.V) is a junior exploration Company focusing on early stage gold exploration in the Guiana Shield. The company also holds significant silver assets, including the former Langis Silver mine in the Cobalt camp, Ontario, Canada.

Additional Information

Information is available on and through the Company's
offices by contacting:
John Patrick Sheridan,
President and Chief Executive Officer
347 Bay Street, Suite 301
Toronto, ON
M5H 2R7
Tel: 416-628-5936
Fax: 416-628-5935

About Guyana Goldfields Inc.:

Guyana Goldfields Inc (GUY:TSX) is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil.

The Company holds advanced exploration projects in various stages of development and has been operating in Guyana continuously since 1996.

The Company currently has approximately (CDN) $9 million in cash and no debt.
Additional Information

Information is available on the Company's website at and on

The TSX and TSX.V have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Contact Information