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Last updated on April 24, 2014 at 1:21 EDT

Guyana Frontier Announces Corporate and Administrative Changes

July 5, 2012

VANCOUVER, July 5, 2012 /PRNewswire/ – Guyana Frontier Mining Corp. (“Guyana
Frontier” or the “Company”) announced today the following
administrative and corporate changes.

Mr. Khalid Amlani has resigned as Chief Financial officer to pursue
other business interests. Mr. Amlani will continue to consult to the
Company on a time-to-time basis. Mr. Evangelos (Gelly) Gnissios,
Corporate Secretary for the Company, will assume the role as acting
Chief Financial Officer until a successor is recruited. Guyana Frontier
thanks Mr. Amlani for his contributions to the business affairs of the
Company and looks forward to his consulting role.

Mr. Warren Stanyer, President and CEO, and Chairman of the Company will
reduce his role to a half-time position effective July 1, 2012, with a
reduction in salary.

Due to the current state of capital markets, Guyana Frontier has made
other staff reductions in Canada and Guyana to lower office and
administrative overhead, and plans to continue to streamline its
business activities.

The Company wishes to announce that it has made stock option grants to
officers, employees and consultants totaling 1,300,000 shares at an
exercise price of $0.12 for a period of five years, expiring July 5,
2017.

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 main exploration
asset is the Marudi Mountain Gold Project, which was the subject of
extensive historical exploration, and has recently been the focus of a
diamond drilling program. Guyana Frontier’s goal is to develop a
significant gold resource at the Marudi Mountain Gold Project, 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 news release contains forward-looking statements that are based on
Guyana Frontier’s current expectations and estimates. Forward-looking
statements are frequently characterized by words such as “plan”,
“expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”,
“suggest”, “indicate” and other similar words or statements that
certain events or conditions “may” or “will” occur, and include,
without limitation, statements regarding Guyana Frontier’s plans with
respect to the exploration and development of its projects. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events or
results implied or expressed in such forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities laws,
Guyana Frontier disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.

SOURCE Guyana Frontier Mining Corp.


Source: PR Newswire