Guyana Goldfields Announces Carmelo Marrelli CA as New CFO

    TORONTO, Aug. 22 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("Guyana")
announces effective immediately the appointment of Carmelo Marrelli CA of
Marrelli and Drake Corporate Services as the new Chief Financial Officer.
    Mr. Marrelli holds a Bachelor of Commerce degree from the University of
Toronto and is a qualified Chartered Accountant and Certified General
Accountant. Mr. Marrelli is currently a partner with Marrelli & Drake
Corporate Services, a corporate services firm (2004 to present) and was
previously an accountant with Marrelli & Drake Corporate Services (2000 to
2004). Mr. Marrelli also serves as Chief Financial Officer of several other
public junior mining companies. The board of directors of Coronation is
pleased to welcome Mr. Marrelli to the management team at the company.
    Former CFO Edward J. Badida has expressed his desire to concentrate on
his private practice. Guyana wishes to thank Mr. Badida for his time and
efforts with the Company, and continued success with his private practice.

    %SEDAR: 00022477E

For further information:

For further information: Mr. John Patrick Sheridan, Guyana Goldfields
Inc., Suite 1205-141 Adelaide Street West, Toronto, Ontario, Canada, M5H 3L5,
Tel: (416) 628-5936, Fax: (416) 628-5935,,

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