Guyana Precious Metals to Use Private Placement Net Proceedings for Guiana Shield Properties

Guyana Precious Metals Inc. (TSX-V: GPM) has announced a non-brokered private placement of up to 70,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $7,000,000.

Each Unit will be comprised of one common share (a "Common Share") of Guyana and one Common Share purchase warrant (a "Warrant").

Each Warrant will be exercisable to acquire one Common Share at a price of $0.13 until the date that is 24 months following the closing date of the Placement. Insiders of Guyana, and their affiliates, are expected to subscribe for up to 25,000,000 of the Units 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.