Guyana Goldfields Inc. announces results of Annual Shareholders’ Meeting

April 28, 2014

TORONTO, April 28, 2014 /CNW/ – Guyana Goldfields Inc. (TSX:GUY) (the “Company” or “GGI“) is pleased to announce that all matters presented for approval at GGI’s annual meeting of shareholders held on April 28, 2014, have been duly authorized and approved, as follows:

    (i)      election of all management nominees to the board
             of directors of the Company; and

    (ii)     appointment of PricewaterhouseCoopers LLP as
             auditors of the Company for the ensuing year and
             authorization of the directors to fix their

Detailed results of the management proxy votes received were as follows:

    Name                Shares Voted For          Shares Withheld
    ----                ----------------          ---------------

    J. Patrick
     Sheridan                         71,466,256                   137,417
    ----------                        ----------                   -------

    Scott Caldwell                    71,473,747                   129,926
    --------------                    ----------                   -------

     Chauvin                          71,238,347                   365,326
    -----------                       ----------                   -------

    Alan Ferry                        55,999,944                15,603,729
    ----------                        ----------                ----------

    Daniel Noone                      71,433,743                   169,930
    ------------                      ----------                   -------

    David Beatty                      71,474,647                   129,026
    ------------                      ----------                   -------

    Michael Richings                  71,243,247                   360,426
    ----------------                  ----------                   -------

    Rene Marion                       71,243,647                   360,026
    -----------                       ----------                   -------

About Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canadian based Company, focused on the exploration and development of gold deposits in Guyana, South America. The Company is focused on the construction and development of the Aurora Gold Project scheduled for commercial production in mid-2015. The Aurora Gold Project has a total gold resource of 6.54 million ounces in the measured and indicated categories (62.83 million tonnes at 3.24 g/t Au) as well as an additional 1.82 million ounces in the inferred category (16.93 million tonnes at 3.34 g/t Au). For further details, please refer to the press release dated December 9, 2013 and the report entitled “NI 43-101 Technical Report, Updated Feasibility Study – Aurora Gold Project” dated January 29, 2013 available on SEDAR at www.sedar.com. The Company also holds a significant portfolio of attractive exploration properties and currently holds cash balances of US$92 Million as of January 31, 2014.

Forwarding-Looking Information

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the estimation of mineral resources. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) 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 the opinions and estimates of management as of the date such statements are made and are based on various assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the receipt of applicable regulatory approvals, the final findings set forth in the “NI 43-101 Technical Report, Updated Feasibility Study – Aurora Gold Project” dated January 29, 2013, general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s annual information form. 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 to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. 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.

SOURCE Guyana Goldfields Inc.

Source: PR Newswire

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