MYA Maya Gold And Silver (delisted)

Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is
pleased to announce results from its surface exploration campaign recently
conducted at the Zgounder project.


A recent mapping and rock sampling program was carried out from November 10th to
20th, 2012 by Maya Gold and Silver Inc. on the Zgounder silver property located
in the Province of Taroudant, in the Kingdom of Morocco. The completed field
study was dedicated to a detailed geological and structural mapping of the 16
square kilometres property (Permit no. 2306) and to the collection of 60 rock
samples for assaying and thin section purposes. A 1:5000 scale geological map
was generated. The map reveals the Late Proterozoic Zgounder volcano-sedimentary
assemblage related to the PII suite (Cryogenian) overlying an andesitic basement
to the north. The Zgounder assemblage is limited to the west by the Assarag
granodiorite massif (PIII) and to the east by younger volcano-sedimentary
formations ascribed to the PIII suite (Ediacarian) and by Neogene phonolites and
tuffites. Silver mineralization is associated with various NE-SW, NW-SE and
EW-oriented structures affecting the upper section of the Zgounder assemblage.
The latter consists of metasediments (schists, pelites, greywackes), volcanic
tufs, dolerite sill and ignimbrite/rhyolite breccias.


Geologists also visited the underground mine works. The report issued from the
field work proposes several exploration initiatives which will enable Maya to
better understand the mineralization type at Zgounder and to develop new surface
and underground targets. One recommendation concerns a surface soil and rock
survey to be carried out on a NS-oriented grid with a line spacing of 100m.
Samples should be collected at each 50m interval, with a lower spacing in
anomalous areas. The study also advocates a regional surface drilling program to
test possible mineralized targets principally located outside the Zgounder mine
zone. A total of 1200 m of core distributed in 10 diamond drill holes is
envisaged. Maya will also implement a targeted surface drilling campaign to
develop new resources. Most drill hole collars are chosen to intersect at depth
the southern down-dip extension of the silver mineralization at the
rhyolite/dolerite contact and the western continuity of the main deposit .
Sixteen holes distributed in 6000 m of core are anticipated. Upon satisfactory
results of the surface campaign, an underground drilling program will be
implemented at levels 1925, 1950 and 2000 m which represent the deepest adits.


The technical content of this news release has been reviewed by Michel Boily,
PhD., P.Geo from Geon Ltd, and Francois Goulet, Msc., P.Geo from Goulex Inc.,
both independent Qualified Persons under N 43-101 standards.


A map is available at the following link:
http://media3.marketwire.com/docs/Map_Maya0227.jpg.


ABOUT MAYA 

Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the
exploration and development of gold and silver deposits in Morocco. The
Corporation's shares trade on the TSX Venture Exchange under the symbol "MYA". 


For further information on Maya visit www.mayagoldsilver.com.

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

This release may contain forward-looking statements including management's
assessments of future plans and operations, and expectations of future
production. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to,
the risks associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com

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