Maya Gold & Silver Inc.

Maya Gold & Silver Inc.

May 07, 2009 09:45 ET

Maya Gold & Silver Inc: NI 43-101 Report

MONTREAL, QUEBEC--(Marketwire - May 7, 2009) - MAYA GOLD AND SILVER INC. (TSX VENTURE:MYA) ("MAYA" or "the Company"), has been advised by the authorities that the report filed on SEDAR on March 31, 2009 does not comply with NI 43-101 for the resources calculation.

The Company retracts the statement made in the March 31 press release, which states that the report filed on SEDAR qualifies the gold resources. These resources were calculated by Yahya Zinbi, P. Geo., M.Sc., D.Sc.. Dr Zinbi does not presently belong to one of the accredited technical associations under the NI 43-101. He is a member of the "Union Francaise des Geologues" (UFG).

In order to comply with the requests made by the regulatory authorities, the author, J. D. Charlton, P Geo. revisited the property from April 27th to April 30th, 2009. The primary purpose of this visit was to examine the additional exploration work that had been completed since his first visit in June 2007.

The Company is working with both the AMF and the TSX-V in order to correct the situation.


Maya Gold & Silver Inc. is a Canadian mining company newly listed on the TSX Venture Exchange which focuses on the research of gold and silver deposits.

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release.

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