Maya Gold & Silver / Renewal of the five permits of the Amizmiz Project, Morocco

Montreal, Quebec, November 24, 2011 – Maya Gold & Silver Inc. (“Maya” or the “Corporation) (TSXV: MYA) report today that following the regulatory investigation conducted by the Ministère de l’Énergie, des Mines, de l’Eau et de l’Environnement du Maroc (Moroccan Mining Authorities) the renewal of the five permits covering the Amizmiz project has been approved. Permits PE183200, PE18201, PE183202 and PE183203 are valid until May 16, 2015 and Permit PEI83208 (Azegour Mine) is valid until July 16, 2015.

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.




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