Guyana Goldfields Inc.

Guyana Goldfields Inc.

November 24, 2006 11:23 ET

Guyana Goldfields Announces Accelerated Expiry of Share Purchase Warrants

TORONTO, ONTARIO--(CCNMatthews - Nov. 24, 2006) - Guyana Goldfields Inc. (TSX:GUY) announces that the expiry date of its share purchase warrants exercisable at $5.50 per share and issued April 20, 2006 has been accelerated to 5:00 p.m. (Toronto time) on December 27, 2006.

Guyana became entitled to accelerate the expiry date of the share purchase warrants pursuant to the share purchase warrant agreement under which they were created because the common shares of Guyana have traded on the Toronto Stock Exchange at $7.00 or more for 20 consecutive days.

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

Additional Information

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

Suite 301-141 Adelaide St. West
Toronto, ON, Canada
M5H 3L5

Phone: 416-628-5936
Fax: 416-628-5935

Attention: John Patrick Sheridan: President & C.E.O.

Contact Information