Guyana Goldfields Inc.
TSX : GUY

Guyana Goldfields Inc.

May 30, 2006 17:54 ET

Guyana Goldfields Inc.: New Gold Zone at Aurora

TORONTO, ONTARIO--(CCNMatthews - May 30, 2006) - Guyana Goldfields Inc. (TSX:GUY) is very pleased to report that it has received assay results from the first four drill holes in the Marupa area located approximately three kilometers north of the Rory's Knoll gold zone. Drilling has indicated significant gold values over meaningful widths. Exceptional results include hole MRD-4 which returned core lengths of 23m @ 59.57 g/t Au. Results are tabulated below.



---------------------------------------------------------------------
Location (UTM) Mineralized Core Length (m) Grade
-------------- ---------------------------------
Hole # North East Dip Azimuth From To Length g/t Au
---------------------------------------------------------------------
MRD-1 755474 197600 -45 360 30 31.5 1.5 1.52
---------------------------------------------------------------------
MRD-2 755500 197610 -50 45 0 31 31 2.12
---------------------------------------------------------------------
Including: 0 6 6 2.67
---------------------------------
7 10 3 1.60
---------------------------------
14.5 16 1.5 3.97
---------------------------------
20.5 23.75 3.25 10.60
---------------------------------------------------------------------
MRD-3 755469 197640 -50 45 13.2 20 6.8 2.22
---------------------------------------------------------------------
1.94 (cut to 25 g/t Au)
---------------------------------
Including: 13.2 16 2.8 4.91
---------------------------------
4.24 (cut to 25 g/t Au)
---------------------------------------------------------------------
MRD-4 755550 197586 -50 45 2 25 23 59.57
---------------------------------------------------------------------
4.79 (cut to 25 g/t Au)
---------------------------------
Including: 17.5 21.56 4.06 335.24
---------------------------------
24.93 (cut to 25 g/t Au)
---------------------------------
17.5 25 7.5 182.17
---------------------------------
14.19 (cut to 25 g/t Au)
---------------------------------------------------------------------


The Marupa area, which is approximately 2km by 2km, is characterized by significant geochemical and geophysical anomalies. Drilling and exploration work continue in the area.

About Guyana Goldfields

The Aurora exploration and drilling program is being carried out under the direction of Mr. Augusto Flores IV, a qualified person within the meaning of National Instrument 43-101. Mr. Flores has reviewed the exploration results contained in this news release. Core is split, with half sent to Loring Laboratories in Georgetown, Guyana for preparation and analysis using fire assay. Loring Laboratories is a Canadian owned and operated laboratory. The Company maintains an archive of half core samples and a photographic record of all cores for future reference. Sample blanks, duplicates and recognized standards were inserted into the sample stream at regular intervals.

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) $30 million in cash and no debt.

Additional Information

Information is available on the Company's website at www.guygold.com and on www.sedar.com and through the Company's offices at:



141 Adelaide St. 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