GYGC Guyana Gold Corp (PK)

Guyana Gold Corp. (OTC: GYGC-News) is pleased to announce that a decision has been made to cancel 114,250,000 common shares. This cancellation will reduce the company's outstanding shares from 165,038,947 to 50,788,947, which represents approximately 70% of the issued and outstanding shares. Eduard Aronov, President of Guyana Gold Corp., commented that, "This action to reduce the company's issued and outstanding shares shows the great commitment level management has for its shareholders and to the future growth of the company." Additionally he noted, �I am confident that our future revenue stream will continue to produce results that our shareholders have come to expect. These things, combined with other exciting events we see in the very near future, should make the next couple of years very exciting for Guyana Gold Corp.� Further details will be released as they become available. For more information on the Company and its properties, please visit the website at www.guyanagoldcorp.com. About Guyana Gold Corp. Guyana Gold Corp.�is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company�s objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. In Guyana, the Company�s key mineral project is�located in the region of Port Kaituma. �Safe Harbor Statement� Investors are cautioned not to place undue reliance on such forward-looking statements because they speak only of the Company�s views as of the statement dates. Although the Company has attempted to list the important factors that presently affect the Company�s business and operating results, the Company further cautions investors that other factors may in the future prove to be important in affecting the Company�s results of operations. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.