Guyana Precious Metals names Murphy CFO

Mr. John Patrick Sheridan reports

Guyana Precious Metals Inc. is appointing Paul J. Murphy, BComm, CA, as the new chief financial officer. Patrick Sheridan, president and chief executive officer, states: “Guyana Precious Metals is pleased to welcome Mr. Murphy to the company. The addition of Mr. Murphy to our executive management team is a significant milestone in the corporate development of our company as we grow our team.”

Carmelo Marrelli has resigned as chief financial officer effective immediately. The company wishes to thank Mr. Marrelli for his past services and commitment to the company.

Mr. Murphy has significant industry experience gained as a partner in PricewaterhouseCoopers LLP and the national mining leader in Canada as well as the leader for the Western Hemisphere Mining Centre of Excellence. He has worked almost exclusively in the resource industries for the past 30 years and has been a leader in industry-specific issues in areas of financial reporting and controls, governance, operational effectiveness, SEC reporting issues, financing, valuation, and taxation. Mr. Murphy is currently the chief financial officer and executive vice-president, finance, of Guyana Goldfields Inc. Additionally he currently serves as a director of Alamos Gold Inc., Continental Gold Ltd. and Century Mines Corp.

Mr. Murphy states, “The past decade, in particular, have been exciting and rewarding times in the mining industry and I am extremely pleased to join the executive team of Guyana Precious Metals dedicated to the exploration and development of its gold properties.”

The company also announces that it has granted effective Aug. 22, 2012, one million options to an officer of the company with such options being exercisable until Aug. 22, 2015, at an exercise price of 10 cents. The options vest as 25 per cent immediately and 25 per cent after six, 12 and 18 months from date of grant.

We seek Safe Harbor.