Guyana Gold Corp. (PINKSHEETS: GYGC) has just issued important news, andthe company should have the attention of investors. Yesterday, the company,a junior mineral exploration company, issued a press release announcingpurchases of underground mining equipment made by Octagon Mining Corp.,which Guyana Gold is in a joint venture with.

Great news for GYGC, as according to the press release, this new equipmentwill increase gold production by approximately 150 ounces a month for atotal production of over an estimated 250 ounces per month. Guyana GoldCorp. President Eduard Aronov, said, " Our investors and shareholdersshould be as pleased as I am with this new equipment. It will bring ourproduction up 150% within the next 30 days."

Last month, the company reported that it is in the process of completing anon-brokered private placement, subject to market and other conditions, ofa $500,000 USD aggregate principal amount of its common stock at $0.50 USDper share for a total of 1,000,000 shares. The company does not anticipatepaying a finder's fee in connection with this offering, which is expectedto close by mid-June 2008.

The proceeds of this offering will be used to fund the Company's operationsin Guyana, including, but not limited to, the company's drilling andexploration program, purchasing additional mining properties, entering intojoint ventures, increasing production, and sampling.

In other recent news, the company reported last month that it has initiatedthe process of co-listing the company's shares on the Frankfurt StockExchange. The process is expected to take approximately 2-3 weeks. Thereare a substantial number of junior resource and energy companies in NorthAmerica that have chosen to co-list their companies on the FrankfurtExchange to help increase their exposure and accelerate their businessplans and Guyana Gold Corp's management believes it may garner similarattention.

Guyana Gold Corp. President Eduard Aronov, said, "The Frankfurt Exchangeshould have a major impact on the company's ability to raise capital and togain new institutional and private shareholders.