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MONTREAL, QUEBEC--(Marketwire - July 15, 2010) - Maya Gold & Silver Inc. ("Maya" or the "Company") (TSX VENTURE:MYA) announces that it has granted incentive stock options to non-executive directors, officers, employees and consultants of the Company to acquire a total of 900,000 common shares of the Company exercisable at Cdn$0.25 of which 175,000 were granted to non-executive directors and 350,000 to officers. These incentive stock options, which expire on July 6, 2015, have been granted in accordance with the Company's Stock Option Plan. Immediately following this award of stock options the Company had 3,000,000 stock options outstanding.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian Mining Company, listed on the TSX Venture, which focuses on the exploration and development of gold and silver deposits. The Company is committed to developing and adding value to its primary property, Amizmiz gold and silver project in Morocco.

For further information on Maya visit [ www.mayagoldandsilver.com ]

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.

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.