GUY:TSX

Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canada-based company focused on the exploration and development of gold deposits in Guyana,South America. The company is focused on the construction and development of the Aurora gold project scheduled for commercial production in mid-2015. The Aurora gold project has a total gold resource of 6.54 Moz in the Measured and Indicated categories (62.83 Mmt at 3.24 g/t Au) as well as an additional 1.82 Moz in the Inferred category (16.93 Mmt at 3.34 g/t Au). Guyana Goldfields also holds a significant portfolio of attractive exploration properties and holds cash and cash equivalents of US$68M as of July 31, 2014.

Expert Comments:

Andrew Kaip, BMO Capital Markets (2/25/15)
"Scott Caldwell, President, CEO and Director of Guyana Goldfields Inc., presented at the 2015 BMO Global Metals and Mining Conference. The presentation focused on the construction of the company's Aurora gold project located in Guyana. . .expectation of first gold production by mid-2015. . .projecting net overfunding of $58M to complete construction of the project."

Jamie Spratt, Clarus Securities (2/9/15)
"In our view, "In our view, investors should be paying more attention to the opportunity presented by Guyana Goldfields Inc. To date, development progress on its fully funded 8.4 Moz Aurora project has been solid and our recent update with management indicates that the company is on track to achieve a first gold pour in mid-2015. The stock trades at a discount to emerging producer peers and we believe it is a strong rerating candidate based on the high-grade, high-margin open pit scenario." Guyana Goldfields Inc. To date, development progress on its fully funded 8.4 Moz Aurora project has been solid and our recent update with management indicates that the company is on track to achieve a first gold pour in mid-2015. The stock trades at a discount to emerging producer peers and we believe it is a strong rerating candidate based on the high-grade, high-margin open pit scenario."

Sam Crittenden, RBC Capital Markets (1/28/15)
"Guyana Goldfields Inc. could rerate with a successful ramp-up of the Aurora gold project in mid-2015; startup risks are mitigated by above average grades and straightforward metallurgy. The company remains a takeover candidate due to meaningful scale (250 Koz/year), low cash costs ($600/oz) and exploration potential."

"Guyana Goldfields Inc. is the type of company that is likely to be taken out in 2015. . .it is financed to production. . .a progressive start-up should begin in the middle of 2015. Guyana will initially mine the high-grade open-pit material. I was down in Guyana not long ago, and everything seems to be on time and on budget. [The details have been worked out about regarding Aurora's financing.] We're talking about financing for the first two or three years. According to the feasibility plan, Aurora will be open-pit initially, and it will then go underground. I don't know whether it will go underground, to be honest. My feeling is that Guyana Goldfields will keep Aurora as an open-pit deposit." read more >

"We see a number of junior companies with credible assets that will be developed at some point and those companies are going to be acquisition targets, including Guyana Gold Corp., which is building the Aurora gold project in Guyana." read more >

Andrew Kaip, BMO Capital Markets (12/12/14)
"Guyana Goldfields Inc. announced that the 26 ft diameter semi-autogenous grind (SAG) mill shells have been successfully delivered to the Aurora gold project site. . .delivery of the SAG mill shells before the rainy season is a key milestone that should maintain the company's construction schedule. Guyana is guiding for start-up of operations mid-2015."

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