Office National des Hydrocarbures et des Mines

Rabat, Morocco

Office National des Hydrocarbures et des Mines

Rabat, Morocco
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News Article | April 17, 2017
Site: www.marketwired.com

BLAINVILLE, QUEBEC--(Marketwired - April 12, 2017) - Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to report a monthly record production of 53,829 ounces (1,674 Kg) of silver during the month of March 2017 at its Zgounder silver mine in Morocco. During the month of March 2017, underground exploration and development consisted of 870.8 metres of percussion drilling in seven mine workings. Highlights of the work completed are: Other percussion drill holes determined the extent of silver mineralization between levels 2006 and 2012, in panel 09 and at level 2000 (P8). The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining ("ZMSM"), a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


BLAINVILLE, QUÉBEC--(Marketwired - May 16, 2017) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to provide a progress update on its 2017 spring diamond drill program at its Zgounder Silver Mine Morocco. The Corporation is also pleased to announce the results near surface of its first trench in undeveloped sector to the East of the mine has provided encouraging results. The five holes drilled in fan pattern toward south inclined at 45 degrees intersected native silver and sulfides mineralization zones below the trench TRZG-EXT-6-17T1, on an undeveloped sector to the East of the mine adjacent to previous hole ZG-EXT-06. "This is a very exciting result for Maya at the beginning of this drilling campaign. This discovery clearly shows the ancient and previous owners have not only left unprocessed mineral deposits, but also significant silver mineralization to be discovered and developed. These initial results bring a new perspective and additional insights to the area to the East of our Zgounder Mine and indicate a validation of our belief of the existence a larger mineralization zone" said Noureddine Mokaddem, President of Maya. GoldMinds Geoservices Inc ("Goldminds") representatives were on site last week to review procedures, sampling and verify access for the scan. Next week is scheduled to be the start of an update scan program of the main openings and extractions zones and drifts by GoldMinds with Geosight Cavity Monitoring System (CMS). It is also important to note the development that level 1975, 25 meters below main level 2000 has been dewatered, access has been installed and this level is now accessible, which will permit surveying and should allow the calculation and reclassification of inferred mineralized blocks from previous statements into upper resource categories. As press released on April 19, 2017, the Corporation began a 6,000 meter drill program and to date 5 HQ diameter holes drilled in fan pattern in opposite direction of the ZG-EXT-06 have been completed. Results are pending and will be disclosed ounce validated and interpreted. One diamond drill rig is now being used and another one should arrive soon to perform underground diamond drill holes to test extensions at depth in addition to percussion holes. The objectives of the current drilling program are fourfold: Click here to view the picture presenting the drill set-up and trench location in the eastern sector as well as the contemplated drill plan in the sector. Click here to view the Drill plan Assay not capped, Ag by AA, thickness intersected probably represent 90% of true thickness These results are produced at the mine laboratory which includes of blanks and standards as normal control procedures. External independent samples will be taken as part of the new program for the mineral resource update of 2017. The results are considered to be reliable for disclosure as laboratory procedures and QA/QC was reviewed in previous assignment. The technical content of this news release has been prepared and reviewed based on the information's received from the ZMSM by Claude Duplessis Eng. Geological Engineer from GoldMinds Geoservices Inc, independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millennium Silver Mining ("ZMSM"), a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces the repayment of the $3,050,000 of 8% unsecured convertible debenture maturing between February 10 and March 28, 2017 (the "Debentures"). The Debentures contained features which permitted the holders at maturity to receive, cash; or common shares of Maya, or silver ingots produced from the Zgounder mine. All debentures were presented for repayment and cancellation, and the principal amount was paid to the holders in cash. The funds for redemption, were obtained from Maya's operating subsidiary Zgounder Millenium Silver Mines, "While the Debenture conversion or repayment structure offered the investors interesting alternatives, the current metals market dictated the repayment of the principal plus interest to be in the best interests of these stakeholders. We appreciate and thank the stakeholders for their support and are pleased that these investors received the return of their capital." said Martin Wong Maya's CEO. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining, a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


News Article | May 29, 2017
Site: www.marketwired.com

BLAINVILLE, QUEBEC--(Marketwired - May 29, 2017) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) has released its unaudited condensed consolidated financial statements accompanied by the management's discussion and analysis ("MD&A") for the three-month period ending in March 31, 2017. The documents have been filed electronically with SEDAR and will be available on the Corporation's website: www.mayagoldsilver.com. Noureddine Mokaddem, President of Maya stated "The Corporation continues on a strategy of developing its assets through production improvements at the Zgounder Silver mine, upgrading inferred resource categories, and updating the Zgounder resource and reserve estimates. In addition, exploration activities around Zgounder which indicate additional zones of mineralization, and preliminary data compilation and piloting processing test for the Boumadine Project will provide our shareholders with more mineral resource to increase share value." Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by ZMSM, a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


BLAINVILLE, QUEBEC--(Marketwired - May 24, 2017) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to provide a progress update on its exploration drilling program at the Zgounder Millennium Silver Mine (ZMSM) and the discovery of a new zone on level 2100 to the North East of the adjacent historical Corps D openings at its Zgounder Silver Mine. The highlights include: The compilation and validation of the underground exploration 2016 & 2017 percussion holes was completed. These 2016 percussion holes are located in sectors which have been partially or completely mined and/or under development and the data will be integrated in the resource estimation update combined with the on-going Cavity Monitoring Survey. During the first three-month period of 2017, the Zgounder geological team completed 92 percussion holes (T-28) for a total length of 1822.8m for 1519 samples of 1.2m. All the holes intersected silver mineralisation from low grade up to kilograms per tonne. The drilling, sampling, preparation and analytical method used is the same as the one developed and used in the 2013 independent underground drilling campaign by GoldMinds for the first NI-43-101 mineral resources. The data highlights a new zone to the north east of Corps D above the 2100 elevation and is recognized over 15m NE x 10m NW over 20m high and reflect the extent with width of the mineralisation. The holes have been drill from an exploration raise in fan and side of drift to define the shape of the body. Also, drilling for geometry definition of the Y6 with extension to the East of that body on the 2100 level has been done, also with new findings on 2030 and 2000 levels that can be incorporated in the next mineral resource update. Highlights of this new zone (North East Extension Corps D above 2100) are: In order to further validate the assays results, the assays were run in duplicates (i.e. 2100-T28-17-64 detailed below), with the following results: The hole was drilled on 2106 elevation at 200 degrees north with 17 degrees up direction. The true length (thickness) of mineralisation is longer than the disclosed 13.2 length as well the other smaller intersections disclosed are portions of the mineralisation. The mineralized zone is of irregular shape and is sub-vertical. This situation applies to most of the disclosed mineral intersections disclosed. None of these holes have intersected from one side to another the mineralized zone. Please refer to the map attached for clarification. Furthermore, the team completed additional drilling between levels on the Y6 body to validate continuity and verify geometry prior to extraction, material in place and highlights on the 2100 are: This supports the geometry and grade of the resources model of the Y6 developed by GoldMinds in 2013. Drilling on the 2030 level intersected a significant high grade zone in hole (2030-T28-17-14) with 5286 g/t over 3.6m including 12617g/t over 1.2m from 19.2 to 20.4 still in place and to be incorporated in the new resources model of 2017. The company is also pleased to announce the start of two percussion drilling targets under QP supervision: The completion of the 1975 level scan survey has identified panels of inferred are still in place while 2 have been extracted partially from the 1950 level. The 3D scan should provide the amount mined out. Moreover, the scan revelled the presence of the Corps B observed by the independent QP where only draw point and drifts are present. This means the potential addition of mineral calculation in that sector as no provision was made for that body at this elevation in the 2013 statement. This portion has been intersected by historical diamond drill hole down dip from level 2000mZ DDHU-2000A-5 which run 797 g/t Ag over 28m and percussion hole 2_LT_1975_88 which run 2395 g/t Ag over 12m. The Corps B has been qualified as the richest block in the mine by the previous owner in the historical production records. Surface diamond drill holes are programmed to intersect possible extension at depth of this structure as well as others. For the preliminary assay results of the diamond drill hole campaign to the East, issues with the presence of native silver in the core in form of dots and small plates requires different preparation and analytical method to enable release of the assay results to the public. It has been found that AquaRegia used in normal analytical process did not dissolved the silver plates while the complete nitric acid did and gave out of range result on the specific metallic plate taken from the witness core confirming it is native silver. Additional information will be provided once received, validated and compiled. "These preliminary findings are all very good news for Maya, and clearly show the operation as well as exploration is advancing well, and we look forward having more positive results at the Zgounder Mine" said Noureddine Mokaddem, President of Maya. Click here to view the plan view of the North East Extension Corps D. Click here to view the picture of native silver in Core S2 The above results were produced at the mine laboratory which includes blanks and standards as normal control procedures. External independent samples have been taken as part of the new program for the mineral resource update of 2017. The results are considered to be reliable for disclosure as laboratory procedures and QA/QC was reviewed in previous assignment. Assay are not capped, Ag by AA, thickness intersected are variable. The technical content of this news release has been prepared and reviewed based on the information's received from the ZMSM and site visit by Claude Duplessis Eng. Geological Engineer from GoldMinds Geoservices Inc, independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by ZMSM, a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


News Article | May 11, 2017
Site: www.marketwired.com

BLAINVILLE, QUEBEC--(Marketwired - May 11, 2017) - Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) announce its production of silver for the month of April 2017 as well as an update of the mining operations at its Zgounder Millenium Silver Mine. The decrease in production compared to the previous month is explained by a scheduled maintenance shutdown of the power generators lasting a week. Several corrective and preventive measures were taken during this shutdown. The mine and mill was operating at full capacity at the end of the month and mine management is confident that production will recover production deficit during the course of next month. During the month of April 2017, underground exploration and development consisted of 996 metres of percussion drilling in seven mine workings. Highlights of the work completed are: Furthermore, the 6,000 m surface drilling program was initiated on the eastern segment of the Zgounder mine to determine the continuity and extension of the silver mineralization discovered during the 2015 drilling program. The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining, a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ENERGY.2009.5.2.2 | Award Amount: 3.13M | Year: 2010

COMET aims at identifying and assessing the most cost effective CO2 transport and storage infrastructure able to serve the West Mediterranean area, namely Portugal, Spain and Morocco. This is achieved considering the time and spatial aspects of the development of the energy sector and other industrial activities in those countries as well as the location, capacity and availability of potential CO2 storage geological formations. Special attention is given to a balanced decision on transport modes, matching the sources and sinks, addressing safety and lifetime objectives, meeting optimal cost - benefit trade-off, for a CCS network infrastructure as part of an international cooperation policy. The need for a joint CCS infrastructure in the West Mediterranean is related to the geographical proximity, to the increasing connections between the energy and industrial sectors in the area, to the continuity of sedimentary basins that can act as possible storage reservoirs and to the existing experience in managing a large gas transport infrastructure, such as the natural gas pipeline coming through Morocco, to Spain and Portugal. The consortium is coordinated by INETI (Portugal), and comprises 7 research institutions, 4 Universities, 1 SME and 5 energy companies from 6 European countries and Morocco. COMET aims to optimise the connection between sources and sinks by comparing the several possible transport modes (pipelines, trains, ships and trucks) and existing and to be realized infrastructures and expects to find the least-cost transport mode and routes from clusters to sinks. It is expected that each source cluster will be rigorously matched to the most suitable sink, while minimising the required investment in infrastructures and taking advantage of the effect of scale associated to an integrated infrastructure. COMET will be an important step towards the safe and commercial deployment of large scale near zero emission power plants in SW Europe and North Africa.


BLAINVILLE, QUÉBEC--(Marketwired - Nov. 30, 2016) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces the filing of its unaudited interim consolidated financial statements and management discussion & analysis ("MD&A") as at and for the third quarter ended September 30, 2016. The Corporation also announces that it has entered into an amendment agreement (the "Amendment Agreement") to its loan facility with European Bank for Reconstruction and Development ("EBRD") dated September 22, 2015 as amended on March 11, 2016 (the "Loan"). Highlights, outlook and selected financial information for the nine-month period ended September 30th, 2016: On November 24, 2016, the Corporation and EBRD agreed to postpone the principal repayments of the Loan by 18 months. 4,000,000 share purchase warrants (each a "Warrant") will be issued to EBRD as restructuring cost upon acceptation by the regulatory authorities. Each Warrant will entitle its holder to purchase one additional common share of the Corporation at any time for a period of three years at an exercise price of $0.28. The Corporation may accelerate the expiry time of the Warrants 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 $0.60 per share for a period of 20 consecutive trading days. EBRD started investing in Morocco in 2012. To date, EBRD has invested EUR1 billion in 28 projects across the country in various sectors of the economy, including trade-facilitation credit lines with local banks. The EBRD has also provided technical assistance support to more than 242 local small and medium enterprises. For further information on EBRD visit EBRD's website at www.ebrd.com. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining ("ZMSM"), a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). For further information on Maya visit www.mayagoldsilver.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


BLAINVILLE, QUÉBEC--(Marketwired - Feb. 14, 2017) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to report production of 53,376 ounces (1660 Kg) during the month of January 2017 at its Zgounder silver mine in Morocco. This constitutes a record monthly production. - A total 4975 tonnes of dry material with an average head grade of 380.9 g/t Ag; Principal location and level of extraction zones during the month of January January Highlights of research work at the Zgounder Mine The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%) 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. The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a pre-feasibility study. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


News Article | December 22, 2016
Site: www.marketwired.com

BLAINVILLE, QUÉBEC--(Marketwired - Dec. 22, 2016) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announced a production of 35,997 ounces of silver (1119 kg) during the month of November 2016 at its Zgounder silver mine in Morocco. The silver production fell off by 8.2% over the previous month primarily due to lower concentrations of the mineralized material processed as well as a lower rate of recovery. The head grade of material processed during the month achieved 299.7 g /t Ag against 403 g/t obtained during October. The head grade decrease is principally related to accrued underground development work preparing mining sites to provide sufficient mineralized material which will be able to feed at full capacity the flotation cells a near future. Principal location and level of the extraction zones during the month of November The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). 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. The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a pre-feasibility study. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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