MAYA Announces
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 ward-
looking 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.