Guyana Gold Corp. $500,000 USD Funding Update

  
    
  
  
    
      Guyana Gold Corp. (OTC:GYGC) 
      announces an update on the process of the non-brokered private 
      placement, that is subject to market and other conditions, of a $500,000 
      USD aggregate principal amount of its common stock at $0.50 USD per 
      share for a total of 1,000,000 shares. The company had expected to close 
      the entire funding by mid-June, but now will fund $250,000 USD by the 
      end of June, and the remaining $250,000 USD by mid-July 2008.
    
    
      As stated earlier, the proceeds of this offering will be used to fund 
      the Company’s operations in Guyana, including, 
      but not limited to, the company's drilling and exploration program, 
      purchasing additional mining properties, entering into joint ventures, 
      increasing production and sampling.
    
    
      Update on the company's current production is 100 ounces of gold per 
      month, and it recently announced the purchase of additional equipment to 
      increase its production to about 250 ounces per month.
    
    
      For more information on the Company and its properties, please visit the 
      website at www.guyanagoldcorp.com.
    
    
      About Guyana Gold Corp.
    
    
      Guyana Gold Corp. is a junior mineral exploration company that 
      specializes in identifying, acquiring, and developing precious and base 
      metal properties, as well as assessing whether certain claims possess 
      exploitable commercial and precious mineral reserves. The Company’s 
      objective is to develop a balanced global portfolio of early- to 
      advanced-stage projects. Guyana is currently focused on gold projects in 
      the Caribbean. In Guyana, the Company’s key 
      mineral project is located in the region of Port Kaituma.
    
    
      Safe Harbor Statement
    
    
      FORWARD LOOKING STATEMENTS This Information and Disclosure Statement 
      contains various “forward-looking statements” 
      within the meaning of Section 27A of the Securities Act of 1933 as 
      amended and Section 21E of the Securities Exchange Act of 1934 as 
      amended. Forward-looking statements represent the Company’s 
      expectations or beliefs concerning future events. The words believe, 
      expect, anticipate, intend, estimate, project and similar expressions 
      are intended to identify forward-looking statements. The Company 
      cautions that these statements are further qualified by important 
      factors that could cause actual results to differ materially from those 
      in the forward-looking statements, including without limitations the 
      factors described in this Information and Disclosure Statement.
    
    
      Investors are cautioned not to place undue reliance on such 
      forward-looking statements because they speak only of the Company’s 
      views as of the statement dates. Although the Company has attempted to 
      list the important factors that presently affect the Company’s 
      business and operating results, the Company further cautions investors 
      that other factors may in the future prove to be important in affecting 
      the Company’s results of operations. The 
      Company undertakes no obligation to publicly update or revise any 
      forward-looking statements, whether as a result of new information, 
      future events or otherwise.