Guyana Precious Metals Completes Share Consolidation

TORONTO, July 25, 2011 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V:GPM) ("GPM") announces that it has received TSX Venture Exchange approval for the consolidation of the Company's issued and outstanding common shares ("Common  Shares") on the basis of one new Common Share for every two Common Shares presently issued and outstanding. GPM's Common Shares are expected to begin trading on a consolidated basis on the TSX Venture Exchange on Wednesday, July 27, 2011.

A new CUSIP number of 403533201 replaces GPM's old CUSIP number of 403533102 to distinguish between the pre and postconsolidated Common Shares. GPM's name and trading symbol will remain unchanged. Following the completion of the Common Share consolidation, the Company will have approximately 87 million Common Shares issued and outstanding.

About Guyana Precious Metals Inc.

GPM is a Canadian based exploration and development company. GPM presently controls and holds the Coppermine River Project, Nunavut Territory and the Rory Claims, Wellgreen Area, Yukon Territory, both projects in Canada. The Company also controls and holds the Peters Mine Property, Guyana and the Aremu Property, Guyana.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

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For further information:

For further information about GPM: 

Guyana Precious Metals Inc.

Suite 1205 141 Adelaide Street West Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan  Tel: (416) 628 5936  Fax: (416) 628 5935  E-mail: [email protected]

CO: Guyana Precious Metals Inc.

CNW 15:24e 25-JUL-11