Maya Secures "La Campana" Mining Lots in Mexico

• Press Release
• Source: MAYA GOLD & SILVER INC.
• On 10:50 am EST, Wednesday December 3, 2008

MONTREAL, QUEBEC--(MARKET WIRE)--Dec 3, 2008 -- MAYA GOLD AND SILVER INC. (CDNX:MYA.V - News) ("MAYA" or "the Company") is pleased to announce that all documentations for the acquisition of "La Campana" mining lots have been filed at the Mining Public Registry.

The legal advisors of the Company has recently issued a legal opinion confirming the ownership of "La Campana" by Metales de la Sierra, S. de R.L. de C.V ("Metales"), a wholly owned subsidiary of MAYA. The full report of "ALN Asesoria Legal y de Negocios S.C." can be consulted on the Company's website.

"La Campana" covers 80 hectares and encompasses a major epithermal structure with two abandoned artisanal mines. The two old small-scale mines "La Campana" and "Santo Nino" are 140 meters apart.

Significant gold and silver values were obtained from walls and pillars of "La Campana" galleries and also from Santo Nino top of the hill where the galleries break through on strike 57 meters higher.

Recent assaying from samples picked from "La Campana" west wall returned: 16.7 g/t-Au and 626 g/t-Ag over 0.7 meters, meanwhile assaying from "La Campana" east wall returned: 4.18 g/t-Au and 291 g/t-Ag over 4.0 meters. Finally, Santo Nino composite from tailing dump assays returned: 41.7 g/t-Au and 704 g/t-Ag.

Metales had previously obtained the adjacent groups of claims "El Sacrificio", "Santa Rita" and "Sacrifio Ampliacion" in the State of Sinaloa and Durango. MAYA presently owned rights on claims totalling 64 square kilometres (6362 hectares) until December 14th 2039.

Luc Lamarche, P. Geol., is the Company's qualified person for the Baluarte project under the definition of National Instrument 43-101. Mr Lamarche is responsible for the current exploration program and the preparation of all technical information provided in this release.

Samples are shipped to a preparation laboratory in Hermosillo, Mexico and sent by air freight to Acme Laboratory in Vancouver for assaying. Systematic assaying of standards and blanks was performed for precision and accuracy.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian mining company newly listed on the Toronto Venture Capital which focuses on the research of gold and silver deposits in Mexico. Maya is presently focusing on the exploration of epithermal gold and silver deposits of the Sierra Madre Occidental where recently several mining deposits have been put into production. Lately, Maya has raise through its first public offering an amount of 2 million dollars. For more infos, the website address his the following: http://www.mayagoldandsilver.com/

Forward Looking Statements: Statements contained in this news release that are not historical facts are forward looking statements, which are subject to a number of known and unknown risks uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results levels of activity, performance or achievements.

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release.

     Contacts:
     Maya Gold & Silver Inc.
     Rejean Gosselin
     Chairman and Chief Executive Officer
     514-868-9995
      
     Guy Goulet
     President
     450-227-1150 / 514-868-9995