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Last updated on April 20, 2014 at 8:28 EDT

Guyana Frontier Commences Drilling Program at Marudi Mountain Gold Project

February 14, 2012

VANCOUVER, Feb. 14, 2012 /PRNewswire/ – Guyana Frontier Mining Corp. (TSX-V:
GYG) (“Guyana Frontier”) is pleased to announce the commencement of a
3,000 metre diamond drilling program at the Marudi Mountain Gold
Project (“Marudi Mountain”) in southern Guyana, South America. The
program consists of 10 to 15 holes to depths of between 150 to 300
metres to test the saprolite and bedrock zones present in two areas of
the Marudi Mountain property. Two holes are planned for the Mazoa Hill
target area where drilling by previous explorers identified a
substantial zone of gold mineralization. The remaining holes are
planned for the Marudi North target area, where Guyana Frontier
identified prospective drill targets from its extensive 2011 trenching
program (see Guyana Frontier News Release, October 31, 2011).

The drilling program is expected to continue into April 2012. To view a
map depicting the locations of both proposed 2012 drill holes and
historical drill holes, please visit Guyana Frontier’s website at www.guyanafrontier.com

The technical disclosure in this news release has been reviewed and
approved by Mr. Locke Goldsmith, M. Sc., P.Eng., P.Geo., a Qualified
Person as defined in National Instrument 43-101, and an independent
contractor to Guyana Frontier.

About Marudi Mountain

Marudi Mountain consists of one Mining Licence totaling 13,502 acres
(5,464 hectares) located in southern Guyana approximately 500
kilometres (330 miles) from the capital city of Georgetown. Guyana
Frontier holds a 100% interest in the Project, subject to a 2% net
smelter returns royalty (“NSR”).

Guyana Frontier also holds a 100% interest in the adjacent Paint
Mountain property (“Paint Mountain”), subject to a 2% NSR.  Paint
Mountain consists of one Prospecting Licence totaling 8,848 acres
(3,581 hectares) and remains largely underexplored. Guyana Frontier
recently commenced surface exploration at Paint Mountain. Rock and
stream sediment samples have been collected and sent for geochemical
analysis and petrography. A portion of the property has been selected
for detailed mapping and sampling on the basis of favourable geology
and the presence of artisanal alluvial gold miners. Airborne
geophysical surveys are planned for both Marudi Mountain and the Paint
Mountain projects in early 2012.

About Guyana Frontier

Guyana Frontier is a public mineral exploration company listed on the
TSX Venture Exchange (TSX-V: GYG), and is focused on the exploration,
discovery and development of precious metals deposits located within
Guyana, South America. Guyana Frontier began acquiring interests in
Guyanese exploration properties in 2007, and now holds various rights
to obtain working interests in approximately 342,000 acres (138,400
hectares) of prospective lands. Guyana Frontier’s goal is to develop a
significant gold resource at Marudi Mountain, and to explore its other
Guyanese projects using funding from exploration partners.

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 contains “forward-looking statements” within the meaning of
applicable Canadian securities legislation.  Forward-looking statements
include, but are not limited to, statements that address activities,
events or developments that the Company expects or anticipates will or
may occur in the future, including such things as planned exploration
activities at the Marudi Mountain and Paint Mountain properties, the
establishment of an NI 43-101 compliant resource at the Marudi Mountain
property, future business strategy, competitive strengths, goals,
expansion, growth of the Company’s businesses, operations, plans and
with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental risks,
title disputes or claims, limitations on insurance coverage, timing and
possible outcome of any pending litigation and timing and results of
future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by
the use of words such as “plans”, “planning”, “planned”, “expects” or
“looking forward”, “does not expect”, “continues”, “scheduled”,
“estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does
not anticipate”, or “belief”, or describes a “goal”, or variation of
such words and phrases or state that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved. 

Forward-looking statements are based on a number of material factors and
assumptions, including, the result of drilling and exploration
activities, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for exploration is
available as scheduled and does not incur unforeseen break downs, that
no labour shortages or delays are incurred, that plant and equipment
function as specified, that no unusual geological or technical problems
occur, and that laboratory and other related services are available and
perform as contracted.  Forward-looking statements involve known and
unknown risks, future events, conditions, uncertainties and other
factors which may cause the actual results, performance or achievements
to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied
by the forward-looking statements. Such factors include, among others,
the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; the existence of weather conditions suitable for exploration
activities; future prices of minerals; possible variations in grade or
recovery rates; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company’s
publicly filed documents. Although the Company has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.

SOURCE Guyana Frontier Mining Corp.


Source: PR Newswire