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Maya Gold & Silver Completes Consolidation

Corporate Actions

PRESS  RELEASE  

Maya  Gold  &  Silver  Completes  Consolidation  

Montréal,  Québec,  February  27,  2018  -­‐  Maya  Gold  &  Silver  (“Maya”  or  the  “Corporation”)  (TSXV:  MYA)  wishes  

to  report  that  it  has  completed  its  previously  announced  plan  to  consolidate  its  issued  and  outstanding  common  

shares   (the  “Common   Shares”)   on   the   basis   of   one   post-­‐consolidation   Common   Share  for  every  four  pre-­‐

consolidation   Common   Shares  (the  “Consolidation”).   The   Corporation  received   the   requisite  shareholders  

approval  to  proceed  with  the  Consolidation  at  a  special  meeting  of  shareholders  held  on  February  2,  2018.    

Effective  as  of  February  27,  2018,  the  243,941,080  issued  and  outstanding  Common  Shares  as  at  that  date  have  

been   consolidated   and   the   Corporation   now   has   60,985,270   issued   and  outstanding   Common   Shares.  

Outstanding   stock   options   and   share   purchase   warrants   of   the   Corporation   have   also   been   adjusted   by   the  

equivalent  consolidation  ratio  and  the  respective  exercise  prices  adjusted  accordingly.   Trading  of  the  Common  

Shares  will  commence  on  a  consolidated  basis  on  the  TSX  Venture  Exchange  on  or  about  March  2,  2018.  

Letters  of  transmittal  have  been  sent  to  holders  of  Common  Shares.  All  shareholders  are  required  to  send  their  

share   certificates   representing   pre-­‐Consolidation  Common   Shares,   along   with   a   properly   executed   letter  of  

transmittal,   to   the  Corporation’s  registrar   and   transfer   agent,  Computershare   Investor   Services   Inc.,   in  

accordance   with  the   instructions   provided   in   the   letter   of   transmittal.   Shareholders   who   hold  their  Common  

Shares  through   a   broker,   investment   dealer,   bank   or   trust   company   should   contact   that   nominee   or  

intermediary  for  assistance  in  depositing  their  Common  Shares  in  connection  with  the  Consolidation.  

No   fractional   shares   will   be   issued   in   connection   with   the   Consolidation;   if,   as   a   result   of   the   Consolidation,   a  

shareholder  becomes  entitled  to  a  fractional  share,  such  fractional  shares  equal  or  greater  to  one -­‐half  resulting  

from   the   Consolidation   will   be   rounded   to   the   next   whole   number.   Otherwise,   the   fractional   share   will   be  

cancelled.  

Until   surrendered,   each   share   certificate   formerly   representing   pre-­‐consolidation  Common   Shares   will   be  

deemed  for  all  purposes  to  represent  the  number  of  post-­‐consolidated  Common  Shares  to  which  such  holder  is  

entitled  as  a  result  of  the  Consolidation.  

ABOUT  MAYA    

Maya   Gold   &   Silver   Inc.   is   a   Canadian   publicly   listed   mining   corporation   focused   on   the   exploration   and  

development   of   gold   and   silver   deposits   in   Morocco.   Maya   is   initiating   mining   and   milling   operations   at   its  

Zgounder   Mine   owned   by   Zgounder  Millenium   Silver   Mining,   a   Maya   85%   owned   joint   venture   with   l’Office  

National  des  Hydrocarbures  et  des  Mines  of  the  Kingdom  of  Morocco  (15%).  

Neither  TSX  Venture  Exchange  nor  its  Regulation  Services  Provider  (as  th at  term  is  defined  in  policies  of  the  

TSX  Venture  Exchange)  accepts  responsibility  for  the  adequacy  or  accuracy  of  this  release.  

Forward-­‐looking  statements  

This   news   release   contains   statements   about  future   events   or   future   performance   and   reflects  management’s  

current  expectations  and  assumptions.  These  are  "forward-­‐looking"   because   we   have   used   what   we   know   and  

expect  today  to  make  a  statement  about  the  future.  Forward-­‐looking  statements  usually  include  words  such  as  

may,  intend,  plan,  expect,  anticipate,  and  believe  or  other  similar  words.  We  believe  the  expectations  reflected  in  

these   forward-­‐looking   statements   are   reasonable.   However,   actual   events   and   results   could   be   substantially  

different  because  of  the  risks  and  uncertainties  associated  with  our  business  or  events  that  happen  after  the  date  

of  this  news  release.  You  should  not  place  undue  reliance  on  forward-­‐looking  statements.  As  a  general  policy,  we  

do   not   update   forward-­‐looking   statements   except   as   required   by   securities   laws   and   regulations.  All  of   the  

forward-­‐looking  statements  made  in  this  press  release  are  qualified  by  these  cautionary  statements  and  by  those  

made  in  the  Corporation’s  filings  with  SEDAR  

CONTACT  INFORMATION  

Maya  Gold  &  Silver  Inc.:    

Noureddine  Mokaddem  

President  &  CEO  

+1  514-­‐978-­‐6111/+212  661-­‐196-­‐111  

[email protected]  

or  

Maya  Gold  &  Silver  Inc.:  

Sophy  Cesar  

Investor  Relations  

514-­‐866-­‐2008    

[email protected]