MYA Maya Gold And Silver (delisted)

Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA)
announces that it has filed on SEDAR today the Pre-Feasibility Study ("PFS") for
its Zgounder Silver Mine in Morocco. The results from the PFS demonstrate the
economic viability of the Zgounder Mine based on the mineral reserves derived
from resources that were outlined by GoldMinds Geoservices Inc. The PFS
highlighted that a significant amount of inferred resources are present which
have the potential to be converted to reserves with additional drilling, and
there remains an excellent exploration potential to further expand the size of
the existing mineral inventory. The PFS also provided a more conservative
estimate of profitability than the Preliminary Economic Assessment (PEA) due to
the exclusion of the inferred resources; conversely, thereby the PFS provides
estimates that have a lower geological risk, which is key element for financing
purposes. 


Highlights of the Zgounder Silver Mine PFS Study include:



--  An anticipated mine life of 6 years with the current reserves with
    Internal rate of return of 128 per cent; 
    
--  First year silver production of 582,600 ounces, followed by two years at
    885,400 ounces, and the final three years at 914,000 ounces per year; 
    
--  Mill feed grade estimated at 317 g/t Ag; 
    
--  Total operating cost of USD109.50 per tonne (averaged over the expected
    mine's life); 
    
--  Additional capex requirements total USD3.8 million, which include the
    proposed concentrator expansion; 
    
--  Net present value of USD27.9 million (discounted at 6.5 per cent) at
    silver price of USD20.50 per ounce; 
    
--  The Zgounder PFS was prepared as a strictly underground mine based
    solely on the measured and indicated mineral resources reported on
    February 19, 2014.
    

               Mineral Reserve Estimate as at March 21st, 2014              
----------------------------------------------------------------------------
         Proven                 Probable              Proven + Probable     
----------------------------------------------------------------------------
         Ag                       Ag                         Ag             
 Tonnes  g/t   Ounces    Tonnes   g/t   Ounces     Tonnes   g/t     Ounces  
----------------------------------------------------------------------------
152,000  281  1,371,000  421,000  330  4,474,000  573,000  317.3  5,845,000 
----------------------------------------------------------------------------



Notes: 

The reserves have been estimated in accordance with the definitions and
guidelines adopted from the Canadian Institute of Mining, Metallurgy and
Petroleum (CIM Standards on Mineral Resources and Reserves). The reserves are
based entirely on measured and indicated resources and were converted as
probable and proven respectively. Since the material is from underground mining
operations, the cut-off grade includes the costs of production, processing and
the general & administration (G&A). 


Parameters of cut-off grade estimation (the exchange rate has been set at 7.63
MAD = $1.00, as of December 29, 2013.)




                     ----------------------------------
                     Parameters          Unit      Data
                     ----------------------------------
                     Mining             USD/t     32.79
                     Mining dilution        %     10.00
                     Development        USD/t     10.79
                     Processing         USD/t     45.89
                     G&A                USD/t      8.54
                     Metal price       USD/oz     20.50
                     Metal price          U/g      0.66
                     Process recovery       %      0.90
                     Cut-off grade        g/t       166
                     ----------------------------------



Details of the mineral resource estimate and the previously completed
Preliminary Economic Assessment (PEA) can be found in the Company's new release
dated March 5 th, 2014 which has been filed and is available for viewing and
download on www.sedar.com or on Maya's website
(http://mayagoldsilver.com/wp-content/uploads/2014/03/2014-19-03_MayaPEA_Final-Report.pdf).
It is clear that the results of the PEA are significantly better than those
presented herein due to the exclusion of the inferred resources. Maya
anticipates that further drilling of the deposit could convert a significant
portion of the inferred tonnage and potential structures into mineral resources
of better categories and translate into additional years of production and
revenue. 


Additional to the mineral resource and reserves described herein and within
previous press releases, a Mineral Potential between 1.5 to 2.0 million tonnes
grading 300 to 400 g/t Ag has been estimated. The "Mineral Potential" is the
tonnage which could be contained between elevations 1975 and 1750 (225m vertical
panel) along the existing mine openings. This represents the historical amount
processed by the previous operator plus the current NI 43-101 mineral resource
disclosure between the surface and level 1925. It does not consider the eastern
extension (276400E) where surface medieval workings extent for another 200
meters eastward with no drilling beneath. The potential quantity and grade
reported as "Mineral Potential", is conceptual in nature, that there has been
insufficient exploration to define a mineral resource and that it is uncertain
if further exploration will result in the target being delineated as a mineral
resource.


The report, titled "NI 43-101 Technical Report, Pre-Feasibility Study of the
Zgounder Silver Deposit, Kingdom of Morocco" is dated May 16, 2014 with an
effective date of March 21, 2014. It was prepared in conformity with NI 43-101
by Claude Duplessis, Eng. of Goldminds Geoservices Inc. and Gaston Gagnon, Eng.
and Gilbert Rousseau, Eng. of SGS Canada Inc.; each is an "Independent Qualified
Person" under NI 43-101.


Qualified Persons

The technical content of this news release has been reviewed by Gaston Gagnon,
Eng. and Gilbert Rousseau, Eng. from SGS Canada Inc. and by Claude Duplessis
Eng. Sr. Geological Engineer from GoldMinds Geoservices Inc.: all independent
Qualified Persons under NI 43-101 standards.


ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian listed mining focused on the exploration
and development of gold and silver deposits in Morocco. Maya recently initiated
mining at its Zgounder Mine. The Corporation's shares trade on the TSX Venture
Exchange under the symbol "MYA". 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204


Nathalie Dion
Investor Relations
450-435-0700 ext. 202

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