MYA Maya Gold And Silver (delisted)

Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA)
announces that it has closed a non-brokered private placement of CAD 500,000
principal amount of 7.5% unsecured convertible debenture (the "Debenture") at a
price of CAD 1,000 per CAD 1,000 principal amount of Debenture (the "Private
Placement") maturing on June 27, 2015 (the "Maturity Date"). The principal
amount of the Debenture and accrued interest will be payable on Maturity Date.


The Debenture is convertible into common shares of Maya (the "Common Shares") at
the option of the holder at any time prior to the Maturity Date, at a conversion
price equal to CAD 0.35 per Common Share. On conversion, the Holder will receive
accrued interest on the Debenture from the date of issue of the Debenture up to
and including the last day prior to conversion. 


Forced conversion of the Debenture into Common Shares will occur, at a
conversion price of CAD 0.35 per Common Share, if, at any time, the weighted
average trading price of the common shares of the Corporation listed on the TSX
Venture Exchange is equal to or above CAD 0.75 per share for a period of 20
consecutive trading days.


The Private Placement is subject to receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange. The Debenture and
the underlying securities, as applicable, will be subject to a statutory hold
period of four months and one day from the date of issuance in accordance with
applicable securities legislation.


The Corporation intends to use the net proceeds of the Private Placement for the
re-commissioning and further development of the Zgounder silver mine in Morocco
and general corporate working capital purposes.


Option Grant

The Corporation further announces, that the Board of Directors granted a total
of 200,000 options to purchase Common Shares to one director. All options have
an exercise price of CAD 0.35 per Common Share and an exercise period of five
years.


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 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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