GUYANA PRECIOUS METALS ANNOUNCES TAKARA RESOURCES PROVIDES NOTICE TO PURCHASE ARAKAKA PROPERTY

TORONTO, May 19 /CNW/ -- 
TORONTO, May 19 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V:GPM) ("GPM") announces that Takara Resources Inc. ("Takara") (TSX-V:TKK) has elected by notice received by GPM on May 18, 2011, to
 purchase the 70.1% interest held by Guyana Goldfields Inc. in the
 Arakaka Property located in Guyana as per the terms previously noted in
 a press release dated April 26, 2011.


Completion of the Arakaka Property purchase by GPM was subject to the
 expiry or waiver of 30 day rights to acquire the Arakaka Property in
 favour of the former and current venture partners in the Arakaka
 Property, including Takara.


About Guyana Precious Metals Inc.


GPM is a Canadian based exploration and development company. GPM
 presently controls and holds the Coppermine River Project, Nunavut
 Territory and the Rory Claims, Yukon Territory. Both of these projects
 are described as Copper-Nickel-Platinum-Palladium prospects.


Forward Looking Statements - Certain information set forth in this news
 release may contain forward-looking statements that involve substantial
 known and unknown risks and uncertainties. These forward-looking
 statements are subject to numerous risks and uncertainties, certain of
 which are beyond the control of GPM, including, but not limited to the
 impact of general economic conditions, industry conditions, volatility
 of commodity prices, risks associated with the uncertainty of resource
 and reserve estimates, currency fluctuations, dependence upon
 regulatory approvals, the availability of future financing and
 exploration risk. Readers are cautioned that the assumptions used in
 the preparation of such information, 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.






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p babout GPM: /bbr/ Guyana Precious Metals Inc.br/ Suite 1205br/ 141 Adelaide Street Westbr/ Toronto, Ontario M5H 3L5br/ bAttn: John Patrick Sheridan /bbr/ bTel: [phone] /bbr/ bFax: [phone] /bbr/ bE-mail: /bua href="mailto:[e-mail]"[e-mail]/a/u /p 

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