Maya Gold and Silver Inc. announces that Noureddine Mokaddem Chairman, President and Chief Executive Officer, is retiring and 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 FCPA, CPA has been appointed by the Board of Directors as President and Chief Executive Officer and appointed as Director, effective immediately.

In addition, Robert Taub has been appointed as Chairman of the Board of Maya. Mr. La Salle is a well-recognized executive in the mining industry, having 25 years of experience as a corporate executive of mining companies. In 1995, Mr. La Salle founded, developed, and led Canadian-based SEMAFO Inc. into a 250,000-ounce gold producer in West Africa, which delivered in excess of a billion dollars of value to shareholders.

In October 2012, he was appointed Chairman of the Board of The Canadian Council in Africa. In recent years, he has held leading executive and non-executive roles with several public corporations, including Algold Resources Ltd., SRG Mining Inc., Sama Resources Inc., GoviEx Uranium Inc. and Earth Alive Technologies Inc.