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Maya Gold & Silver Inc.: Maya Reports Significant IP Anomalies on Amizmiz Property, Morocco

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^{Published in Business and Finance on Thursday, September 17th 2009 at 6:25 GMT by Market Wire}  

MONTREAL, QUEBEC--(Marketwire - Sept. 17, 2009) - MAYA GOLD & SILVER (TSX VENTURE:MYA) is pleased to report the results of recently completed magnetic and IP (induced polarisation) surveys on its Amizmiz gold and silver project in Morocco. Significant IP anomalies have been identified and will be high-priority targets for its 7,500-metre drill program planned to commence by the end of this month.

Magnetic and IP surveys were recently conducted over an area of 6 square-kilometres on the Amizmiz property. The surveys were run over 50 metre-spaced GPS surveyed lines. The IP survey was very successful in locating and mapping out known gold mineralizations and has indicated the presence of several significant anomalies.

The IP survey was able to detect and confirm the recently reported Au-rich zones TR and TRN and their extensions. The geophysical surveys and preliminary mapping were also able to identify, in the eastern portion of the grid, which is believed to be a major complex gold system. The IP anomaly outlines a large area of chargeability measuring 1,450 metres by 250 metres.

This large IP anomaly is located in a depression area covered by mountain debris. Preliminary prospecting off the west flank of this anomaly identified gold-bearing quartz and sulfide veinlets in chlorite schist similar to the mineralization found at the T zone. All of the 7 samples collected returned respectable gold values: 0.30, 0.89, 1.22, 1.67, 2.29, 3.45 and 13.32 g/t Au. Furthermore, this large IP anomaly corresponds almost exactly with an airborne potassium radiometric anomaly that can indicate intense potassic alteration associated with mineralizing fluids.

The $2 million exploration program will intensify later this month when the two drill rigs now in Morocco will be deployed on the property.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian mining company newly listed on the TSX Venture Exchange which focuses on the research of gold and silver deposits.

Forward-looking statements

Except for statements of historical fact, all statements in this news release, without limitation regarding new project acquisitions future plans and objectives are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Neither the 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.