Maya Extends Corps D To The 1,655mZ Elevation At Zgounder

MONTREAL - Maya Gold & Silver Inc. reported depth extension of one of its Zgounder Property's major silver structures near the rhyolite contact to the south. The native silver in the core within the sediment is present at 630m core length over a minimum of 3m and disseminated as well in other portions containing sulfides. An altered granite contact has been intersected at 653m along the hole. This hole is the deepest ever drilled at Zgounder up to 684m (1,613mZ elevation). The hole is drilled at N232 with inclination of -51 in HQ core diameter.

"This deepest intersection of Native silver appears very positive at Zgounder. The silver mineralization has now been intersected at 460 meters below the surface level. We believe this could increase the mineral potential of the Zgounder Silver mine and additional holes will be required to better define the size of the new finding," said Noureddine Mokaddem, President and CEO of Maya Gold & Silver.

The Company is looking forward to the assay results of this hole as well as other holes assays still pending. This significant extension at depth will require additional diamond drilling to define the extent and shape.