Guyana Precious Metals announces the grant of stock options

TORONTO, April 29 /CNW/ - Guyana Precious Metals Inc. (TSX-V: GPM) (the "Company") announces that it has granted effective April 28, 2011 an aggregate of 500,000 options to a director of the Company with such options being exercisable until April 28, 2016 at an exercise price of $0.24. The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.

Guyana Precious Metals Inc. is a Canadian based exploration and development company focusing on acquiring gold properties in the Guiana Shield as described in the press release dated April 26, 2011. The Company presently controls and holds the Coppermine River Project, Nunavut Territory, Canada and the Rory Claims, Yukon Territory, Canada. Both of these projects are described as Copper-Nickel-Platinum-Palladium prospects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for this release

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For further information:

Guyana Precious Metals Inc.

Suite 1205 141 Adelaide Street West Toronto, Ontario M5H 3L5 Attn: John Patrick Sheridan Tel: (416) 628-5936 Fax: (416) 628-6835 E-mail: [email protected]

CO: Guyana Precious Metals Inc.

CNW 10:37e 29-APR-11