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TORONTO, Jan. 31 /CNW/ - Guyana Precious Metals Inc. (TSX-V: GPM) (the "Company") announces that it has granted effective January 28, 2011 an aggregate
of 5,750,000 options to management, directors and consultants of the
Company with such options being exercisable until January 28, 2016 at
an exercise price of $0.18. The options vest as 25% immediately and 25%
after 6, 12 and 18 months from date of grant.




Guyana Precious Metals Inc. is a Canadian based exploration and
development company focusing on acquiring gold properties in the Guiana
Shield. The Company presently controls and holds the Coppermine River
Project, Nunavut Territory, Canada and the Rory Claims, Yukon
Territory, Canada. Both of these projects are described as
Copper-Nickel-Platinum-Palladium prospects.




The TSX Venture Exchange has not reviewed and does not accept
responsibility for this release




For further information:

Guyana Precious Metals Inc. Suite 1205 141 Adelaide Street West Toronto, Ontario M5H 3L5 Attn: John Patrick Sheridan Tel: (416) 628-5936 Fax: (416) 628-6835 E-mail: psheridan@guygold.com