Maya Gold & Silver to Attend Investing in African Mining Indaba on February 4-7, 2013 in Cape Town

MONTREAL, QUEBEC--(Marketwire - Jan. 29, 2013) - Maya Gold & Silver (TSX VENTURE:MYA) ("MAYA" or the "Company") is pleased to announce that its Management Team will be present at Investing in African Mining Indaba.

Maya will attend the conference and be glad to greet the public and discuss the future progression as well as new developments of the company with them at booth #3214. Maya welcomes this kind of event, as it gives potential investors and the general public a chance to meet with key management and exchange ideas in a more direct manner.

About Investing in African Mining Indaba

February 4-7, 2013, Cape Town, South Africa

Investing in African Mining Indaba is the world's largest mining investment event and Africa's largest mining event. For 19 years, Investing in African Mining Indaba along with its partners in Africa have channeled billions of dollars of foreign investment into the mining value chain. Mining Indaba is the world's largest gathering of mining's most influential stakeholders and decision-makers vested in African mining. 2012 was a record breaking year, with more than 7,000 individuals representing more than 1,500 international companies from 100 countries and approximately 45 African and non-African government delegations. This is where the world connects with African mining.

http://www.miningindaba.com/

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian Mining Company, listed on the TSX Venture Exchange that focuses on the exploration and development of gold and silver deposits. The Company is committed to developing and adding value to its primary property, Amizmiz gold and silver project in Morocco.

For further information on Maya visit www.mayagoldsilver.com.

Forward-looking statements

This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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