PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE
MAYA Announces
Montreal, Québec- April 24, 2020 MYA) announces that Noureddine Mokaddem retiring and stepping down as Chairman, President and CEO remain on the Board of Directors of the Corporation. Concurrently, been appointed by the Board of Directors as Preside nt and Chief Executi Director, effective immediately. In addition, Robert Taub has been appointed as Chai rman of the Board of Maya.
The board would like to take this opportunity to thank Mr. Mokaddem for his achievements with the Corporation since i ts early days and for advancing the Zgounder and Bo umadine Projects. Mr.
Mokaddem was instrumental in bringing the Corporation to where it is today.
Mr. La Salle is a well-recognized executive corporate executive of mining companies Canadian-based SEMAFO Inc. into a excess of a billion dollars of value to shareholder s.
the Board of The Canadian Council executive roles with several public Sama Resou rces Inc., GoviEx Uranium Inc.
Chartered Accountant, and a member of the Quebec Order of Chartered Mr. La Salle holds a Bachelor of Commerce degree fr om McGill University Administration degree from IMEDE, Switzerland.
Robert Taub , Chairman of the Board of Ma delighted to welcome Benoit La Salle for Maya as we look towards becoming a leading precious metals producer in the region like to show my gratitude to Noureddine strong portfolio of mining properties in Morocco projects.”
"I am very excited to be working with the team at Maya," state d Mr. La Salle. "l look forward to the significant opportunities we have as we continue to improve operational performance, increase cash flow and create value for our shareholders through a dis ciplined approach to creation from our portfolio of long-life assets."
ABOUT MAYA
Maya Gold & Silver Inc. is a publicly and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating mining and milling facilities at its Zgounder Mine, an 85% ZMSM, and the O ffice National des Morocco.
nnounces New President and CEO 2020 – Maya Gold & Silver Inc. (“Maya” or the “Corporation ”) (TSX: announces that Noureddine Mokaddem Chairman, President and Chief Executive Officer, is stepping down as Chairman, President and CEO of the Corporation. Mr. Mokaddem will remain on the Board of Directors of the Corporation. Concurrently, Mr. Benoit La Salle been appointed by the Board of Directors as Preside nt and Chief Executi ve Officer and appointed as In addition, Robert Taub has been appointed as Chai rman of the board would like to take this opportunity to thank Mr. Mokaddem for his achievements with the ts early days and for advancing the Zgounder and Bo umadine Projects. Mr.
Mokaddem was instrumental in bringing the Corporation to where it is today.
executive in the mining industry, having 25 years of experien ce as a companies . In 1995, Mr. La Salle founded , developed, and into a 250,000-ounce gold producer in West Africa , which delivered in excess of a billion dollars of value to shareholder s. In October 2012, he was appointed Chairman of the Board of The Canadian Council in Africa. In recent years, he has held leading executive public corporations, including Algold Resources Ltd., SRG rces Inc., GoviEx Uranium Inc. and Earth Alive Technologies Inc. Mr. La Salle is a Fellow member of the Quebec Order of Chartered Professional Mr. La Salle holds a Bachelor of Commerce degree fr om McGill University and a Master of Business Administration degree from IMEDE, Switzerland.
, Chairman of the Board of Ma ya, commented, “on behalf of the Board of Directors, I am Benoit La Salle to the Corporation. We are excited to embark on a for Maya as we look towards becoming a leading precious metals producer in the region Noureddine Mokaddem who worked tirelessly sin ce 2010 strong portfolio of mining properties in Morocco and to advance the Zgounder and Boumadine excited to be working with the team at Maya," state d Mr. La Salle. "l look forward to the significant opportunities we have as we continue to improve operational performance, increase cash and create value for our shareholders through a dis ciplined approach to production life assets."
Maya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating mining and milling facilities at its Zgounder Mine, an 85% -15% joint venture between its subsidiary, ffice National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of
President and CEO
Maya Gold & Silver Inc. (“Maya” or the “Corporation ”) (TSX: President and Chief Executive Officer, is of the Corporation. Mr. Mokaddem will Benoit La Salle FCPA, CPA has ve Officer and appointed as In addition, Robert Taub has been appointed as Chai rman of the board would like to take this opportunity to thank Mr. Mokaddem for his achievements with the ts early days and for advancing the Zgounder and Bo umadine Projects. Mr.
in the mining industry, having 25 years of experien ce as a, developed, and led, which delivered in In October 2012, he was appointed Chairman of held leading executive and non- SRG Mining Inc., Mr. La Salle is a Fellow Professional Accountants.
and a Master of Business n behalf of the Board of Directors, I am ited to embark on a new chapter for Maya as we look towards becoming a leading precious metals producer in the region . I would also ce 2010 to build a Zgounder and Boumadine excited to be working with the team at Maya," state d Mr. La Salle. "l look forward to the significant opportunities we have as we continue to improve operational performance, increase cash production and value traded Canadian company focused on the operation, exploration and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating 15% joint venture between its subsidiary, of the Kingdom of
Its mining portfolio also includes the Boumadine po lymetallic deposit located in the Anti-Atlas Mountains of Eastern Morocco. The property is also a joint venture with ONHYM wherein Maya retains an 85% ownership. Additionally, the Corpora tion’s portfolio includes the Amizmiz and Azegour properties, both being 100% owned, with gold, tungsten, molybdenum and copper deposits covering over 100 square kilometres in a historical mining district of Morocco.
For additional information, please visit Maya’s website at www.mayagoldsilver.com Or contact: Benoit La Salle, FCPA FCA
Tel : 1 514 951 4411
Robert Taub
Email: [email protected]
FORWARD -LOOKING STATEMENTS
This press release contains "forward-looking inform ation" within the meaning of Canadian securities le gislation. All information contained herein that is not clearl y historical in nature may constitute forward-looki ng information. Generally, such forward-looking inform ation can be identified by the use of forward-looki ng terminology such as “will”, “continue”, “provide”, “present”, “reasonable”, “established”, “has”, “demonstrate”, “potential”, or variations of such w ords and phrases or state that certain actions, eve nts or results "may", "could", "would" or "might". Forward -looking information is subject to known and unknow n risks, uncertainties and other factors that may cau se the actual results, level of activity, performan ce or achievements of the Corporation to be materially di fferent from those expressed or implied by such for wardlooking information, including but not limited to: (i) volatile stock price; (ii) the general global m arkets and economic conditions; (iii) the possibility of write -downs and impairments; (iv) the risk associated wi th exploration, development and operations of mineral deposits including the accuracy of the current mine ral reserve and mineral resource estimates of the Corpo ration (including, but not limited to, ore tonnage and ore grade estimates) and mine plans for the Corporation ’s mining operations (including, but not limited to , throughput and recoveries being affected by metallu rgical characteristics); (v) the risk associated wi th establishing title to mineral properties and assets including permitting, development, operations and production from the Corporation’s operations being consistent with expectations and projections; (vi) fluctuations in commodity prices and other risks an d factors described or referred to in the section e ntitled "Risk Factors" in the MD&A of the Corporation and w hich is available at www.sedar.com, all of which sh ould be reviewed in conjunction with the information found in this news release
Although the Corporation has attempted to identify important factors that could cause actual results t o differ materially from those contained in the forward-look ing information, there may be other factors that ca use results not to be as anticipated, estimated or inte nded. There can be no assurance that such forward-l ooking information will prove to be accurate, as actual re sults and future events could differ materially fro m those anticipated in such forward-looking information. Su ch forward-looking information has been provided fo r the purpose of assisting investors in understanding the Corporation's business, operations and exploration plans and may not be appropriate for other purposes. Acco rdingly, readers should not place undue reliance on forward-looking information. Forward-looking inform ation is given as of the date of this press release , and the Corporation does not undertake to update such forwa rd-looking information except in accordance with applicable securities laws.