Guyana Goldfields Inc. announces approval of annual and special meeting matters



    TORONTO, April 8 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("Guyana")
announces shareholder approval of all matters voted on at its annual and
special shareholder meeting held on April 7, 2009 (the "Meeting").

    
    The following items as described in the management information circular
    of Guyana dated February 27, 2009 (the "Circular"), subject to the
    amendments thereto as previously announced (see press release of Guyana
    dated April 2, 2009), were approved by shareholders:

    1.  Election of Directors: Alan Ferry, Daniel Noone, Robert Bondy,
        Richard Williams, John Patrick Sheridan and Alexander Po;

    2.  Appointment of Smith Nixon LLP as Auditors of Guyana;

    3.  Approval of the new 10% rolling stock option plan for Guyana, and
        ratification of the grant of 599,950 stock options at an exercise
        price of $2.69 per share to Mr. Claude F. Lemasson (President and
        C.O.O.). Mr. Lemasson's options have a five year term expiring on
        February 27, 2014 and vest as follows: 1/3 vest six months following
        the date of grant, 1/3 vest 12 months following the date of grant and
        1/3 vest 18 months following the date of grant;

    4.  Approval of the new Bylaw No. 3 of Guyana; and

    5.  Confirmation and approval of the second amended Shareholder Rights
        Plan of Guyana.
    

    Additionally, Guyana wishes to announce that following the Meeting,
Guyana has granted John Patrick Sheridan (C.E.O. and Director) 650,000 stock
options at an exercise price of $3.03 per share. Mr. Sheridan's stock options
have a five year term expiring on April 8, 2014 and shall vest as to 25%
immediately, 25% 6 months following the date of grant; 25% 12 months following
the date of grant; and 25% 18 months following the date of grant.

    About Guyana

    Guyana Goldfields Inc. is a Canadian based mineral exploration company
primarily focused on the exploration and development of gold deposits in
Guyana, South America where the Company has operated since 1996. The Company
is currently undertaking technical studies to advance and develop the Aurora
Project in Guyana. As previously announced, (see press release dated December
8, 2008 at www.sedar.com under the Guyana Goldfields Inc. profile, "Guyana
Goldfields Announces Increased Resource at Aurora 3.69 Million Ounces Measured
and Indicated and 1.72 Million Ounces Inferred"), the Aurora Gold Project
contains a Measured resource of 8.08 million tonnes @ 4.11 g/t Au., Indicated
resource of 21.06 million tonnes @ 3.87 g/t Au. and an Inferred resource of
19.97 million tonnes @ 2.77 g/t Au. Mr. D. K. Mukhopadhyay, MAusIMM, Senior
Mineral Resource Geologist of Micon International Co. Limited, reviewed and
approved the technical data in his capacity of a Qualified Person under
National Instrument Policy 43-101. For further details, please refer to the
technical report of Guyana dated November 23, 2007 entitled "Technical Report:
A Mineral Resource Estimate For the Rory's Knoll, East Walcott and Aleck Hill
Zones, Aurora Gold Property, Guyana" available on SEDAR at www.sedar.com. As
at the date hereof, Guyana has approximately $15.2 million in cash and
short-term bank guaranteed investment certificates and no debt.

    
    The TSX Exchange has not reviewed and does not accept responsibility for
    the adequacy or accuracy of this release.
    

    %SEDAR: 00022477E




For further information:

For further information: Guyana Goldfields Inc.: Claude F. Lemasson,
President and Chief Operating Officer, Tel: (416) 628-5936, Fax: (416)
628-5935, E-mail: clemasson@guygold.com


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