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Guyana Goldfields Announces Exit of COO

Guyana Goldfields Inc. (GUY.TO) announced the resignation of Marcel. F. DeGuire as President & Chief Operating Officer effective July 15, 2013, for personal reasons. Moving forward, the company will immediately begin a search for a new President & COO to be based at the corporate head office in Toronto.

It said DeGuire remains available to assist the company in advancing the development of the Aurora Gold Project. DeGuire said: "I continue to support the company and the development of the Aurora Gold Project and wish GGI success in all its growth moving forward. I have no doubt that Aurora will be a highly profitable operation in addition to showing excellent expansion potential beyond the current mine plan."

IT said the company's Aurora Gold Project timeline remains unaffected and continues to advance on track, including the delivery of the Bankable Feasibility Study. The company has carried out direct discussions with potential consultants and contractors for EPCM or EPC contracts.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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