Guyana Gold Corp. Receives Proposal for Joint Venture to Develop Port Kaituma Gold Project

  
    
  
  
    
      Guyana Gold Corp. (OTC:GYGC-News) 
      is pleased to report that it has received a joint venture proposal to 
      develop the Port Kaituma Gold Project. The proposal would expand the 
      company’s land position and increase the scale 
      of the Port Kaituma project. Guyana Gold Corp. had received a number of 
      joint processing proposals and has now expanded those proposals to 
      include ownership in the Port Kaituma project. Guyana Gold Corp.’s 
      plans are to build a modern processing facility at Port Kaituma with far 
      greater recovery rates of gold. The new joint ownership presents an 
      excellent opportunity for Guyana Gold Corp. to increase revenue, expand 
      mine life and accelerate the capital recovery costs of modernizing the 
      Port Kaituma mine.
    
    
      Eduard Aronov, President of Guyana Gold Corp., stated, "The Port Kaituma 
      projects may realize many potential synergies leading to accelerated 
      development of deposits on the joint venture property. The potential 
      Joint Venture partner is preparing a geological information package and 
      Guyana Gold Corp. will report updates as they become available."
    
    
      The Port Kaituma property is located in the administrative region in 
      Guyana. The main mineral interests in Guyana are gold, diamond and 
      bauxite and, recently, semi-precious stones. The property is currently 
      producing 100 ounces of gold per month and 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.