Mr. John Patrick Sheridan reports

GUYANA PRECIOUS METALS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING TO RAISE $350,000

Guyana Precious Metals Inc. has closed its previously announced non-brokered private placement pursuant to which it has issued an aggregate of 4,666,668 common shares at a price of 7.5 cents per share, to raise aggregate gross proceeds of approximately $350,000.
All of the securities issued in connection with the offering are subject to a statutory hold period expiring on Jan. 14, 2013. The offering remains subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.

Guyana Precious Metals Appoints Mr. Paul Murphy as Chief Financial Officer

TORONTO, August 22, 2012 – Guyana Precious Metals Inc. (TSX.V:GPM) (“Guyana” or the Company”) is pleased to announce the appointment of Paul J. Murphy, B.Comm, CA, as the new Chief Financial Officer (CFO). Mr. 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.”

Mr. Carmelo Marrelli has resigned as CFO effective immediately. The Company wishes to thank Mr. Carmelo 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 CFO and Executive Vice President, Finance of Guyana Goldfields Inc. (TSX.GUY). Additionally he currently serves as a Director of Alamos Gold Inc (TSX: AGI), Continental Gold Limited (TSX:CNL) and Century Mines Corporation (TSX:FER).

Mr. Paul 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 August 22, 2012 an aggregate of 1,000,000 options to an officer of the Company with such options being exercisable until August 22, 2015 at an exercise price of $0.10. The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.

About GPM

GPM is led by an experienced management team with demonstrable project generation and development talents in Guyana. The Company is presently expanding the exploration and development of its Aremu and Peters Mine Properties; 2 of the 4 historical past gold producers in Guyana. GPM maintains an interest in acquiring additional key exploration and development properties in the country of Guyana.
www.gpmgold.com

For further information please contact:

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: psheridan@gpmgold.com
Website: www.gpmgold.com

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Guyana, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forwardlooking statements.

Mr.John Patrick Sheridan reports

EARLY WARNING PRESS RELEASE: PATRICK SHERIDAN INCREASES SHAREHOLDINGS IN GUYANA PRECIOUS METALS INC.

Patrick Sheridan has acquired an additional four million common shares of Guyana Precious Metals Inc. over the facilities of the TSX Venture Exchange at a price of seven cents per common share. The common shares acquired represent ownership and control of approximately 4.6 per cent of the issued and outstanding common shares as at the date hereof.

Following the acquisition, Mr. Sheridan owns and controls an aggregate of 18,090,250 common shares representing approximately 20.75 per cent of the issued and outstanding common shares as at the date hereof (or approximately 28.7 per cent calculated on a partially diluted basis, assuming the exercise of the 9.7 million convertible securities held by him). The common shares were acquired in reliance on the private agreement exemption pursuant to Section 100.1 of the Securities Act (Ontario).

The purchase of the common shares by Mr. Sheridan was effected for investment purposes. Mr. Sheridan may from time to time acquire additional securities of the company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

Mr. John Patrick Sheridan reports

GUYANA PRECIOUS METALS INC. ANNOUNCES DIRECTOR APPOINTMENT

Guyana Precious Metals Inc. has appointed Harry Burgess as a director of the company, effective May 24, 2012, subject to the approval of the TSX Venture Exchange. Mr. Burgess is a mining engineer and former vice-president and co-founder of Micon International Ltd., a mineral industry consultant. Mr. Burgess has been engaged in consulting since 1980, when he joined the staff of David S. Robertson & Associates. Prior to that, he gained experience in senior positions in the copper industry of Zambia and gold mining in South Africa. In Zambia, he held management positions with both technical and production responsibility. In South Africa, he was responsible for the introduction of mechanized mining systems to the gold mines of Anglo-American Corp. in the province of Orange Free State. Mr. Burgess was a co-founder of Micon in 1988, and now continues as a part-time employee and serves on various board of directors and technical advisory committees for public companies.

We seek Safe Harbor.