Zgounder Silver Mine Produces 46,619 Ounces Silver During the Month of October 2017

Maya Gold & Silver (“Maya” or the “Corporation”) (TSX VENTURE: MYA) reports a monthly production of 46,619 ounces (1,450Kg) of silver during the month of October 2017 at its Zgounder silver mine in Morocco. This constitutes an improvement over the same period last year with the production now systematically reaching the Company’s objective of 45,000 to 55,000 ounces of silver for the last two months.

The integration of the flotation cells to the processing circuit is still on schedule and is expected to be finalized by the end of Q1 2018, increasing the tonnage of processed ore from 187 t/day to up to 500 t/day (a 267% increase) and reducing the processing costs by 15%.

October 2017 Production Highlights

• A silver production of 46,619 ounces representing an increase of 18.85% relative to October 2016
• A total of 4,514 tons of dry materiel was processed, yielding a 19.9% increase compared to the same period last year
• A total recovery rate of 86% was attained, comparable to the previous month yield

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