Guyana Frontier Mining Corp. Announces Warrants Exercise As Part Of Previous Private Placement

Guyana Frontier Mining Corp. announced that Mulgravian Ventures Corporation, a non-arm's length private B.C. company, has exercised common share purchase warrants to acquire 500,000 common shares of Guyana Frontier at a price of $1.20 per share, for gross proceeds to Guyana Frontier of $600,000. The Warrants were issued as part of the $600,000 non-brokered private placement previously announced in Guyana Frontier news releases dated April 28, 2009 and May 3, 2011. The exercise of the Warrants is one of the option exercise requirements, which includes incurred exploration expenditures of USD5.0 Million over a period of four years, in respect of Mulgravian's option to acquire a 51% joint venture interest in Guyana Frontier's Guiana Shield Resources Inc. property package.