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Maya Gold & Silver Announces Appointment of Chief Financial Officer and Amendment to Stock Option Plan
Published : February 01, 2013
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MONTREAL, QUÉBEC--(Marketwire - Feb. 1, 2013) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (News - Market indicators) is pleased to announce the appointment of Mr. Alain Lévesque as Chief Financial Officer of the Corporation. He replaces Mr. Alain Krushnisky who was serving as interim Chief Financial Officer of the Corporation since November 2011. The Corporation thanks Mr. Krushnisky for his role as interim Chief Financial Officer.

Alain Levesque has over 16 years of business experience, including with the accounting firm Raymond Chabot Grant Thornton and Deloitte where he worked as an auditor. He later worked for several years as a consultant for various companies and occupied the position of Chief Financial Officer at Ranaz Corporation. Through his various jobs and mandates, he has acquired extensive experience in financial reporting and management in several sectors including mining. Mr. Lévesque CPA, CA, has been a member of l'Ordre des Comptables Professionnels Agréés du Québec since 1995 and holds a BA in Business Administration from Université Laval.

Mr. Guy Goulet, Chief Executive Officer of Maya, stated: "It gives me great pleasure to welcome Mr. Lévesque within our team. His experience and expertise make him an excellent addition and will contribute to sound financial management of our mining projects."

The appointment of Mr. Lévesque to the position of Chief Financial Officer is subject to the review of the TSX Venture Exchange.

Stock Option Plan

The Corporation announced that the board of directors has approved, subject to the approval of the TSX Venture Exchange, an increase in the number of common shares reserved for issuance under the Corporation's fixed number stock option plan (the "Plan") from 7,000,000 to 10,000,000. The number of common shares reserved under the amended Plan represents 9.79% of the total number of the Corporation's common shares currently issued and outstanding.

The Corporation further announced that on January 18, 2013, the board of directors granted a total of 3,675,000 options to purchase common shares of the Corporation to officers, directors, employees and consultants pursuant to the Plan. All options have an exercise price of CAD 0.35 per common share and an exercise period of five years, with the exception of 200,000 options that will expire on January 18, 2014.

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

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.

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.

Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com
Data and Statistics for these countries : Morocco | All
Gold and Silver Prices for these countries : Morocco | All
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Maya Gold & Silver

EXPLORATION STAGE
CODE : MYA.V
ISIN : CA5778381056
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Financings of Maya Gold & Silver
7/10/2013Announces Closing CAD 500,000 Convertible Debenture Financin...
11/5/2012Provides Update on CAD$7,500,000 Private Placement
9/13/2012Closes First Tranche of Private Placement for Gross Proceeds...
2/24/2011to Acquire 4 Mining Projects and Proceed With $3 Million Fin...
Nominations of Maya Gold & Silver
1/30/2013Announces Appointment of New President
6/13/2011Announces Board of Directors and Executive Officers
Project news of Maya Gold & Silver
3/29/2011(Amizmiz)Acquires the Azegour Mine and Consolidates Position South of...
Corporate news of Maya Gold & Silver
10/31/2013Intersected 1,494g/t Ag Over 18.6 Meters at its Zgounder Sil...
8/14/2013Announces Potential Quantity and Grade of 1,000,000 to 1,200...
7/19/2013on Boumadine Acquisition
6/5/2013Praetorian Resources Limited Announces Change in Holdings in...
4/23/2013s on Share Exchange with Praetorian Resources Limited and Gl...
3/4/2013Acquires the Boumadine Polymetalic Mine (Zn, Pb, Ag, Au) in ...
2/27/2013Completed Surface Exploration Campaign at Zgounder Project
2/25/2013to Attend PDAC 2013, in Toronto, Canada
2/13/2013Renewal and Exploration Update on Permit 233263 Adjacent to ...
2/6/2013Acquires the Touchkal Property in the Vicinity of the Zgound...
2/1/2013Announces Appointment of Chief Financial Officer and Amendme...
1/29/2013to Attend Investing in African Mining Indaba on February 4-7...
11/29/2012Publishes 3D Model and Information on the Zgounder Silver De...
11/27/2012to Attend Mines & Money 2012 on December 4-5, 2012 in London
11/26/2012Announces Closing of CAD 7.7M on Schedule to Pouring Silver ...
10/23/2012to Attend the Silver Summit on October 25-26, 2012 in Spokan...
10/16/2012Welcomes Eric Swenden to its Advisory Board
10/11/2012Engages FITB Communications to Target Secondary Markets
3/31/2011Acquires Permit 233263 Adjacent to the IMITER Silver Mine
3/22/2011amp; Silver Completes $3 Million Private Placement
3/22/2011Completes $3 Million Private Placement
3/4/2011amp; Silver Closes First Tranche of Private Placement
3/4/2011Closes First Tranche of Private Placement
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TSX-V (MYA.V)
0.300+0.00%
TSX-V
CA$ 0.300
10/01 13:05 -
0%
Prev close Open
0.300 0.300
Low High
0.300 0.300
Year l/h YTD var.
0.240 -  0.510 20.00%
52 week l/h 52 week var.
0.230 -  0.510 25.00%
Volume 1 month var.
5,000 -16.67%
24hGold TrendPower© : -44
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DateVariationHighLow
201425.00%0.380.24
2013-14.29%0.320.18
20123.70%0.320.18
2011-50.00%0.540.24
201025.58%0.620.18
 
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