Maya Gold & Silver: NI43-101 technical report to be filed on December 21, 2010

Montreal, Quebec, December 8, 2010 – Maya Gold & Silver (TSX-V: MYA) (“MAYA” or the “Company”) (TSX-V: MYA) would like to inform that unlike what was previously stated in its latest press release, it is now anticipated that filing of the NI 43-101 technical report on the initial resources of its Amizmiz project in Morocco, will be filed on or before December 21, 2010.

Due to unforeseen circumstances, the Company was not able to meet the filing deadline requirement of December 3, 2010. The Company has appointed, Mr. Michel Boily, PhD., P. Geo. Qualified Person under NI43-101 standards, to validate the resource estimate calculation prepared by a Non-Independent Qualified Person, Luc Lamarche, P.Geo, consultant of the Company and announced by the Company on October 19, 2010.

ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian Mining Company, listed on the TSX Venture Exchange that 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.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
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.




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