Guyana Goldfields Inc.

Guyana Goldfields Inc.
Aranka Gold Inc.

Aranka Gold Inc.

April 11, 2006 12:36 ET

Aranka Gold Inc. Commences Airborne Geophysical Survey

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Guyana Goldfields Inc. (TSX:GUY) and Aranka Gold Inc. (TSX VENTURE:ARK) -

Aranka Gold Inc. (TSX VENTURE:ARK) is pleased to announce the commencement of an airborne geophysical survey over it's previously announced 100,414 acre reconnaissance permit in the Cuyuni River area, Guyana.

The survey will consist of high resolution magnetic, radiometric and VLF/EM surveys. Approximately 11,405 line kilometers of data will be collected over areas considered to be highly prospective due to favourable geology as well as a long and significant history of gold production by local miners.

As previously announced, the Company has granted Guyana Goldfields Inc. a back in right, for a period of three years, to acquire a 50% interest in any properties in this region by reimbursing Aranka Gold 125% of its total expenditures on the properties.

About Aranka Gold Inc.

Aranka Gold Inc. is a Canadian based mineral exploration Company involved in grassroots exploration of gold deposits in the greenstone belt of the Guiana Shield.

The Aranka project is located approximately 22 miles north east of Guyana Goldfields' Aurora Property in a similar geological environment.

About Guyana Goldfields

Guyana Goldfields Inc. 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) $11.7 million in cash and no debt.

Additional Information

Information is available on the Company's website at and on and through the Company's offices at:

141 Adelaide Street West,
Suite 301
Toronto, ON
M5H 3L5

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Guyana Goldfields Inc.
    Patrick Sheridan Jr.
    President & C.E.O.
    (416) 628-5936
    (416) 628-5935 (FAX)