Guyana Goldfields Inc. Files Amended and Restated AIF

TORONTO, Aug. 21, 2015 /CNW/ - Guyana Goldfields Inc. (TSX:GUY) (the "Company" or "GGI") announces that as part of a regulatory review by staff of the Ontario Securities Commission, it has filed an amended and restated annual information form the fiscal year ended December 31, 2014 (the "AIF"), which is available on SEDAR at www.sedar.com.  The AIF has been amended to (i) add a clear statement that the mineral reserve estimate is included in the mineral resource estimate; (ii) expand the risk factors to incorporate project risks identified in the feasibility study prepared for the Aurora project; (iii) incorporate additional disclosure regarding GGI's operations in Guyana; and (iv) generally update the balance of the disclosure in the AIF to reflect any material updates since the AIF was originally filed on March 30, 2015.

About Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canadian based company, focused on the exploration and development of gold deposits in Guyana, South America. GGI is an emerging producer with the onset of its 100% owned Aurora Gold Mine which achieved first gold production in mid-2015. The Aurora Gold Mine has a total gold resource of 6.54 million ounces in the measured and indicated categories (62.83 million tonnes at 3.24 g/t Au) as well as an additional 1.82 million ounces in the inferred category (16.93 million tonnes at 3.34 g/t Au).  For further details, please refer to the press release dated December 9, 2013 and the report entitled "NI 43-101 Technical Report, Updated Feasibility Study – Aurora Gold Project" dated January 29, 2013 available on SEDAR at www.sedar.com

SOURCE Guyana Goldfields Inc.

For further information: Guyana Goldfields Inc., Scott A. Caldwell, President and Chief Executive Officer; Jacqueline Wagenaar, Vice President, Investor Relations & Corporate Communications, Tel: (416) 628-5936 Ext. 2295, Fax: (416) 628-5935, E-mail: jwagenaar@guygold.com, Website: www.guygold.com

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