Guyana Precious Metals Announces $350,000 Private Placement

    




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 TORONTO, Aug. 28, 2012 /CNW/ - Guyana Precious Metals Inc.  ("Guyana") is pleased to announce a non-brokered private placement (the "Placement") of up to 4,666,667 common shares ("Shares") at a price of $0.075 per Share for gross proceeds of up to  approximately $350,000. 

 Insiders of Guyana, and their affiliates, are expected to subscribe for  up to 666,667 of the Shares being distributed under the Placement. 

 Guyana intends to use the net proceeds of the Placement for the  acquisition, exploration and development of properties in the Guiana  Shield, South America and for general working purposes. The Placement  remains subject to the approval of the TSX Venture Exchange. 

 About GPM 

 GPM is led by an experienced management team with demonstrable project  generation and development talents in Guyana. The Company is presently  expanding the exploration and development of its Aremu and Peters Mine  Properties; 2 of the 4 historical past gold producers in Guyana. GPM  maintains an interest in acquiring additional key exploration and  development properties in the country of Guyana. 

 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. 

Guyana Precious Metals Inc.


CONTACT:  Guyana Precious Metals Inc.Suite 1205 141 Adelaide Street WestToronto, Ontario M5H 3L5Attn: John Patrick SheridanTel: [phone]Fax: [phone]Website: www.gpmgold.comE-mail: [e-mail]@gpmgold.com 


    

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