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Guyana Goldfields Inc.

TICKER: GUY:TSX

Guyana Goldfields Inc. is a Canadian-based company focused on the exploration and development of gold deposits in Guyana, South America, where the company has operated since 1996. Its Aurora Gold Project is a 100%-owned flagship asset with a Measured and Indicated resource of 6.54 Moz gold (62.83 Mmt at a grade of 3.24 g/t). Production is targeted to begin in Q313. Guyana Goldfields has also made a gold discovery at Sulphur Rose at its nearby Aranka properties, currently in advanced-staged exploration ~35 km. away from Aurora. It contains an initial inferred resource of 460,400 oz.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Andrew Kaip, BMO Capital Markets (3/28/13) "Guyana Goldfields Inc. announced that it has awarded a contract for detailed engineering of support infrastructure for the Aurora project located in South America. Tetra Tech has been engaged by the company for detailed engineering and design of the river dike, water diversion dams and tailings storage facility. . .BMO Research has a positive view of the announcement, as it demonstrates the company's evolution from an explorer to project developer."

Trevor Turnbull, Scotia Capital (3/4/13) "Following the recent closure of Guyana Goldfields Inc.'s $100M equity offering, in a subsequent transaction the International Finance Corp. (IFC) of the World Bank Group subscribed for 1.6M shares at the same price of $3.40/share. . .we estimate Guyana Goldfields will have about $128M in cash once the IFC deal closes. . .we maintain our Sector Outperform rating given the company's fully permitted project and financial position."

Andrew Kaip, BMO Capital Markets (3/1/13) "Guyana Goldfields Inc. announced that it has entered into an agreement with the International Finance Corporation of the World Bank (IFC) to subscribe for 1.6M shares at a price of $3.40. . .for gross proceeds of CA$5.5M. The financing. . .reinforces a constructive relationship that has existed over the last six years. . .the company has CA$122M in cash and plans to source the remaining capital for Aurora development through a number of options that could include the IFC and equipment financing."

Andrew Kaip, BMO Capital Markets (2/27/13) "In mid-January, Guyana Goldfields Inc. released a revised feasibility study for the Aurora project. . .the company expects to complete a bankable feasibility study by March 2013. . .Guyana Goldfields will also continue its exploration efforts through 2013."

Brad Humphrey, Raymond James (2/26/13) "Guyana Goldfields Inc. announced the closing of its $100M equity raise. . .we are maintaining our Outperform rating and $6 target as we recommend investors accumulate shares of the company. On the back of its revitalized Aurora project, with its enhanced economics and financeable initial capital costs, we believe Guyana Goldfields is at the forefront among its developer peer group."

Guyana Goldfields Inc. Content

Corporate Presentation (5/1/13)




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