The Advance Notice Provision provides a clear process for shareholders to follow to nominate Directors and sets out a reasonable time frame for nominee submissions along with a requirement for accompanying information. The purpose of the Advance Notice Provision is to treat all shareholders fairly by ensuring that all shareholders, including those participating in a meeting by proxy rather than in person, receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their voting rights in an informed manner. In addition, the Advance Notice Provision should assist in facilitating an orderly and efficient meeting process.By-Law 4 is effective immediately and will be placed before shareholders at the next annual and special meeting of shareholders of the Corporation to be held in April 2013. A copy of the By-Law has been filed under the Corporation's profile at www.sedar.com. About Guyana Goldfields Inc.: Guyana Goldfields Inc. is a Canadian based company, focused on the exploration and development of gold deposits in Guyana, South America where the Company has operated since 1996. The Company is focused on bringing the Aurora Gold Project into production with infrastructure development currently underway. Active exploration continues at Aurora and at the Company's Aranka Group of Properties with the intention of further expanding these resources. Greenfields exploration by our experienced team of geologists is ongoing in the broader Aranka group of properties. As at the date hereof, the Company has approximately C$124 million in cash and cash equivalent and no debt; there are approximately 126,125,149 shares issued and outstanding. SOURCE Guyana Goldfields Inc.