Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) The
Board of Directors and Management of the Corporation are very pleased to
announce the milling operations have started at Maya's flagship Zgounder Silver
Mine in Morocco. 


Ore grading an average of 245 g/t Ag is now being processed. The ore being run
through the mill is being sourced from the 35,000 tonnes of mineralized rocks
that were transferred to storage areas adjoining the plant from the existing
66,000 tonnes of "ancient stockpiles". The size of this stockpile can sustain
over six months of production at the initial rate of approximately 200 tpd.
Silver recovery is expected to be in the range of 92%. The Company is not basing
its production decision on a feasibility study of mineral reserves demonstrating
economic and technical viability.


"The mill start-up at Zgounder is a significant key milestone in the successful
development of Maya as an operating resource company, and we recognize and thank
our President, Noureddine Mokaddem, and the local and Moroccan Government
offices who have just provided the Company with a very precious tool in a
difficult period of the mining industry: a stable and upwardly potential cash
flow stream", stated Guy Goulet, Chief Executive Officer. 


Cautionary statements

The decision to re-start the production at Zgounder and the Company's plans for
a mining operation as disclosed herein (the "Production Decision and Plans")
were based on economic models prepared by the Company in conjunction with
management's knowledge of the property and the existing preliminary estimates of
the measured, indicated and inferred mineral resources on the property. The
Production Decision and Plans were not based on a feasibility study of mineral
reserves demonstrating economic and technical viability. Accordingly, there is
increased uncertainty and economic and technical risks of failure associated
with the Production Decision and Plans, in particular the risk that mineral
grades will be lower than expected, the risk that construction or ongoing mining
operations are more difficult or more expensive than expected, the risk that the
Company will not be able to transport or sell the mineralized rock it produces
to local custom toll mills on the terms it expects, or at all; production and
economic variables may vary considerably, due to the absence of a detailed
economic and technical analysis according to and in accordance with NI 43-101.
Inferred mineral resource estimates are considered too speculative geologically
to have the economic considerations applied to them that would enable them to be
categorized as mineral reserves.


Milestones Achieved at Zgounder Mine Project (2013-2014)



--  The complete rehabilitation of mine site and mill; 
--  Completion of an Environmental Impact Study; 
--  Creation of Zgounder Millennium Silver Mining (85% Maya / 15% ONHYM); 
--  Filing of initial NI 43-101 compliant silver resources estimate for
    Zgounder silver mine (February 2014); 
--  Obtaining of cyanide importing and operating permits (March 2014). 
--  Filing of N I43-101 Preliminary Economic Assessment on SEDAR (March
    2014); 
--  Filing of NI 43-101 Pre-Feasibility Study on SEDAR (May 2014); 
--  Reception of cyanide (June 2014); 
--  Operations team strengthened at mine site. Key-management employees all
    being in place. 



Commissioning Phase 

The commissioning phase for the processing facility is expected to continue for
approximately four months, and ore throughput will increase to 250 tpd. Mill
feed during the commissioning period will initially be sourced from the existing
"ancient stockpile". Underground development and operations will commence and
are expected to generate further stockpiles of ore for processing following the
commissioning period.


A new tailings pond with a capacity of 1,000,000 tonnes was built and 25,000 m2
of geo-membrane have been stretched out and certified as compliant by local
authorities. The local authorities visited the mine site on Friday, July 18th
and favourably commented on the geo-membrane covering the new tailings dam which
is designed to hold the first years of mine production.


Underground Development 

Additional underground production equipment is expected to arrive on site during
the second week of August 2014 which will immediately accelerate ore extraction
from several already developed stopes. 


Highlights of recent Pre-Economic Assessment Study



--  A mining life of 10 years with the current resources; 
--  First year silver production of 647,000 ounces, followed by a regular
    production of 1,027,000 ounces per year; 
--  Very high mill feed grade estimated at 360 g/t Ag; 
--  Total operating cost of US$113.5 per tonne (averaged over the expected
    mine's life); 
--  Additional capex requirements of only US$3.8 million, including the
    concentrator expansion; 
--  Internal rate of return of 174 per cent; 
--  Net present value of US$65.9 million (discounted at 6.5 per cent) at
    silver price of US$22 per ounce; 
--  The Zgounder PEA was prepared as a strictly underground mine related
    solely to the initial mineral resources reported on February 19, 2014,
    as noted above. 



Cautionary Statements

The PEA is preliminary in nature and includes the use of inferred mineral
resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as
mineral reserves. Thus, there is no certainty that the results stated in the PEA
will be realized. Actual results may vary, perhaps materially. Mineral resources
that are not mineral reserves do not have demonstrated economic viability.


Goldminds Geoservices who authored the PEA, recognized in addition to the
Measured, Indicated and Inferred Resources that there are areas within
recognized structures and depth extensions which will require additional
drilling. These recognized structure and depth extensions can offer additional
Mineral Potential between 1.5 to 2.0 million tonnes grading 300 to 400 g/t Ag. 


The potential quantity and grade is conceptual in nature, there has been
insufficient exploration to define a mineral resource, and it is uncertain if
further exploration will result in discovery of a mineral resource. 


Qualified Persons 

The technical content of this news release has been reviewed by Francois Goulet
from Goulex Inc.: independent Qualified Persons under NI 43-101 standards.


ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian 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. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the 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 our future business and planned
activities. These are "forward-looking" because we have used what we know and
expect today to make a statement about the future. Forward-looking statements
including but are not limited to comments regarding the timing and content of
upcoming work and analyses. Forward-looking statements usually include words
such as may, intend, plan, expect, anticipate, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com


Maya Gold & Silver Inc.
Nathalie Dion
Investor Relations
450-435-0700 ext. 202
ndion@mayagoldsilver.com
www.mayagoldsilver.com