Maya Gold & Silver Annual Meeting: Voting Results on Election of Directors

BLAINVILLE, QUEBEC--(Marketwired - Jul 3, 2014) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces that on July 2, 2014 it held its annual general meeting of shareholders (the "Meeting"). A total of 39,529,101 common shares (approximately 34.05% of the outstanding common shares) were represented at the Meeting in person or by proxy.

At the Meeting, shareholders approved the election of seven nominees as directors of the Corporation to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting by way of ballot for the individual nominees as follows:

Maya, is also pleased to welcome Mr. Mario Caron as a new member to its board of directors. Mr Caron is a mining engineer, has held numerous senior executive and board positions and possess extensive experience in exploration, project development, mining operations and capital markets with resource companies operating internationally. More recently has held positions with Aldridge Minerals Inc., a development stage mining company focusing on its Yenipazar polymetallic VMS deposit in central Turkey and Axmin Inc., an exploration and development company with projects in West Africa and Central African Republic, which was acquired/merged with AfNat Resources Ltd.. Mr. Caron received his Bachelor of Engineering, Mining at McGill University and is a member of the Quebec Order of Engineers and the Association of Professional Engineers of Ontario.

The Board of Directors has approved a grant of 300,000 stock options to one director (200,000) and two consultants (50,000 each), under the company's Stock Option Plan. The stock options are exercisable at a price of $0.50 per share, for a period of 5 years and 3 years respectively.

Mr. Roland Wismer did not stand for reelection and the board and management wish to thank Mr. Wismer for his guidance, commitment and many contributions to Maya over the years.

Appointments of Auditors

Raymond Chabot Grant Thornton LLP, were appointed as as the independent auditors of the Corporation until the close of the next annual meeting of shareholders and authorizing the directors of the Company to fix their remuneration. The results were as follows:

ABOUT MAYA

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.

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.

Forward-looking statements

This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, 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.