GYGC Guyana Gold Corp (PK)

Guyana Gold Corp. (OTC:GYGC) announces an update on the process of the non-brokered private placement, that is subject to market and other conditions, of a $500,000 USD aggregate principal amount of its common stock at $0.50 USD per share for a total of 1,000,000 shares. The company had expected to close the entire funding by mid-June, but now will fund $250,000 USD by the end of June, and the remaining $250,000 USD by mid-July 2008. As stated earlier, the proceeds of this offering will be used to fund the Company�s operations in Guyana, including, but not limited to, the company's drilling and exploration program, purchasing additional mining properties, entering into joint ventures, increasing production and sampling. Update on the company's current production is 100 ounces of gold per month, and it recently announced the purchase of additional equipment to increase its production to about 250 ounces per month. 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 FORWARD LOOKING STATEMENTS This Information and Disclosure Statement contains various �forward-looking statements� within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements represent the Company�s expectations or beliefs concerning future events. The words believe, expect, anticipate, intend, estimate, project and similar expressions are intended to identify forward-looking statements. The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including without limitations the factors described in this Information and Disclosure 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.