Maya Gold & Silver Inc.

Maya Gold & Silver Inc.

February 09, 2010 11:44 ET

Maya Gold & Silver Announces Management Reorganisation

MONTREAL, QUEBEC--(Marketwire - Feb. 9, 2010) - Maya Gold & Silver Inc. (TSX VENTURE:MYA) ("Maya" or the "Company") announces today changes to its management and appointment of new company officers, as the Company moves forward in maximizing the potential of its Amizmiz gold and silver property in Morocco.

Mr. Guy Goulet replaces Mr. Rejean Gosselin as Chief Executive Officer and Mr. Gosselin remains as Executive Chairman of the Company.

The Board appoints Leonard Teoli as Chief Financial Officer for the Company, further to the resignation of Mrs. Ghislaine Godin. Mr. Teoli succeeds Mrs Godin who leaves to pursue other opportunities. Mrs. Godin will remain with Maya for a period of time in order to ensure a smooth transition. The Board of Directors expresses its appreciation to Mrs. Godin for her contribution to the Company and wishes her well in her future business endeavours.

Mr. Teoli is a chartered accountant with 20 years of experience. He graduated from Quebec University in Montreal in 1987 with a Bachelor's degree in business administration. He joined Price Waterhouse, where he spent the next 9 years reaching the audit manager level and serving clients in the mining industry. Since 1996, he has been involved with junior mining companies carrying exploration activities worldwide, with responsibilities in financial controls and financial reporting.


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.

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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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