Maya Gold & Silver Engages FITB Communications to Target Secondary Markets

MONTREAL, QUEBEC--(Marketwire - Oct. 11, 2012) -

Editors Note: There is a video associated with this press release.

Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to announce that it has hired the services of FITB-Communication to target investor relations in a secondary market by promoting news throughout various Internet channels.

Public mining companies have been using conservative sales approaches for too long and Guy Goulet, President, is glad to address the evolution of new media, by embracing technology in a new way. Since transparent information dissemination is crucial for Maya, FITB will produce videos, podcasts and other multimedia content that will inform actual and potential investors on projects, company missions and directions. The time factor limits information overload, so content will be presented in short and concise capsules that are visually stimulating. Maya believes this combination will peak interest with investors and provide more visibility for the company.

Maya strives to stay updated with new media and technology, and is committed to be a forerunner in the mining industry by always evolving, well into the 21st century.

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. The Corporation's shares trade on the TSX Venture Exchange under the symbol "MYA".

For further information on Maya visit www.mayagoldsilver.com.

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.

To view the video associated with this press release, please visit the following link: www.mayagoldsilver.com/podcast/