Maya Gold & Silver Provides Update on Zgounder Production, Announces Date of AGM and Grants Options

Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is
pleased to provide the following update on production at Zgounder Silver Mine:




--  The mill has been tested for the past six months and is ready to be put
    in function; 
--  35,000 tonnes of ore from existing stockpiles, @ 245 g-Ag / t, are
    stored at proximity of the mill; 
--  Underground development is well underway; 
--  Among elements required to start the mill of silver metal, the mill's
    balls are expected to arrive in Casablanca on May 18 and cyanide, on
    June 8; extremely tight measures have been adopted internationally in
    regard to export cyanide, especially in the case of a new operation and
    a new corporation; 
--  Production is scheduled to start in mid-June.



Maya will hold its annual meeting of shareholders on June 19, at 10:00, at Queen
Elizabeth Hotel, in Montreal.


Finally, Maya has granted incentive stock options to its directors, officers and
employee to purchase up to 2,700,000 common shares of its capital stock, at
$0.50 per share, exercisable on or before May 7, 2019. 1,700,000 options vested
at the date of grant and 1,000,000 will vest one year after the date of grant.
The options were granted pursuant to the Corporation's stock option plan, under
which a maximum of ten percent (10%) of the issued and outstanding common shares
are reserved for issuance. 


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
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
ggoulet@mayagoldsilver.com


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

Maya Gold & Silver Inc. (TSXV:MYA)
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