Maya Gold & Silver Engages Bay Street Connect for Investor Relations

Montreal, Quebec, August 24, 2011 – Maya Gold & Silver (TSX-V: MYA) (“MAYA” or the “Company”) ) has engaged the services of Bay Street Connect, an owner-managed firm based in Toronto and a leading provider of investor relations services to Canadian public companies in the natural resources sector since 2003. Focusing on direct communication and face-to-face meetings, it has assisted numerous organizations in improving relationships within the investment community. Under the terms of the engagement, which is on a month-to-month basis, Bay Street Connect will be paid $8,000 per month. It will also be granted 150,000 options having an exercise price of 40 cents, which vest over a year as to 37,500 per quarter in accordance with the policies of the TSX Venture Exchange. The above contract is subject to regulatory approval.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining Company focused on the exploration and development of gold and silver deposits in Morocco. The Company’s shares trade on the TSX Venture Exchange under the symbol “MYA”.

For further information on Maya visit www.mayagoldsilver.com or contact:

Maya Gold & Silver Inc.:

Guy Goulet
President & Chief Executive Officer
T: 450-435-0700 ext. 204

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, including without limitation, 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.




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