Guyana Goldfields Inc. announced that, effective at the close of business on July 31, 2019, Scott Caldwell will step down as the Company's President and Chief Executive Officer and as a director of the Company. Mr. Caldwell joined the Company as a director in 2012 and has been President and CEO since 2013. Mr. Caldwell was instrumental in building the Company's Aurora mine on time and on budget.

Allen Palmiere will assume leadership of the Company as Interim Chief Executive Officer, effective at the close of business on July 31, 2019. Mr. Palmiere brings over 35 years of operational and financial experience in the mining industry as well as extensive experience in senior executive and leadership roles.