Maya Provides Further Update ON COVID-19 and Extension to File Interim Filings
Maya Gold & Silver Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE FOR IMMEDIATE RELEASE
MAYA PROVIDES FURTHER UPDATE ON COVID-19 AND
EXTENSION TO FILE INTERIM FILINGS
Montreal, Québec – June 12, 2020 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX:
MYA) wishes to provide an update on the Press Release issued May 14, 2020 relating to the COVID-
19 pandemic as it effects the Corporation and the status of the filing of its quarterly financial statements
and accompanying management’s discussion and analysis, and related CEO and CFO certifications,
for the quarter ended March 31, 2020 (“Interim Filings”). On May 14, 2020 the Corporation issued the
required press release to obtain an extension pursuant to decision N°2020-PDG-0023 issued by the
Autorité des marchés financiers ("AMF Temporary Exemption"). Maya is relying on this extension period
due to delays experienced as result of the COVID-19 pandemic.
The lockdown resulting from the outbreak of COVID-19 pandemic has created unprecedented
disruptions in the global economy and stock markets. Maya’s Board of Directors and Management
continue to take all necessary precautions to ensure the health of its employees and consultants and
to manage the short-term challenges to its business.
Maya estimates that its Interim Filings will be available for filing at its earliest opportunity, which is
expected to occur by end of June 2020. Until such time as the Interim Filings are filed, Maya’s
management and other insiders are subject to a trading blackout that reflects the principles contained
in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions.
There have been no material business developments since the date of the last Annual Financial
Statements, filed on May 14, 2020, a copy of which is available on SEDAR at www.sedar.com.
About Maya Gold & Silver Inc.
Maya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration,
acquisition and development of silver and gold deposits. Maya is currently operating mining and milling
facilities at its Zgounder Mine, an 85%-15% joint venture between its subsidiary, ZMSM, and the Office
National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of Morocco.
For additional information, please visit Maya’s website at www.mayagoldsilver.com
Or contact:
Benoit La Salle, FCPA FCA
President & CEO
Tel: +1 (514) 951-4411
Alex Ball
VP, Corporate development & IR
Tel: +1 (647) 919-2227
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of present or
historical facts are forward-looking. Forward-looking statements involve known and unknown risks, uncertainties
and assumptions and accordingly, actual results and future events could differ materially from those expressed or
implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements include words or expressions such as “expected”, and other similar words or
expressions. Factors that could cause future results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include the ability to (i) maintain a steady production for
the year 2020, (ii) the capacity to put in place effective controls, procedures and methods necessary for a rigorous
operation as well as transparent and effective reporting, and (iii) the capacity to implement a plan to stabilize,
optimize, advance, and maximize value at both the Zgounder Silver Mine and the Boumadine Polymetallic Project,
as well as the ability to increase reserves and resources, the ability to execute on our strategic focus, fluctuation in
the price of currencies, silver or operating costs, mining industry risks, uncertainty as to calculation of mineral
reserves and resources, delays, political and social stability in Africa and Morocco in particular, (including our ability
to maintain or renew licenses and permits), the security of our operations and other risks described in Maya’s
documents filed with Canadian securities regulatory authorities. You can find further information with respect to
these and other risks in Maya’s 2019 Annual MD&A and other filings made with Canadian securities regulatory
authorities and available at www.sedar.com. These documents are also available on our website at
www.mayagoldsilver.com. Maya disclaims any obligation to update or revise these forward-looking statements,
except as required by applicable law.