GoldMinerPulse.com -- Guyana Goldfields Inc.: (NI) 43-101 Metal Valuation Report

Guyana Goldfields Inc. (GUY)

Company Web Site: www.guygold.com
(NI) 43-101 reports from projects located in: Guyana (GY)
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2008-08-28. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-09.
External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-09
Project/Deposit CC MVpSh PP% MI% I% Gold
    Aurora GY $68.29 0 70% 30% 4.58 M oz
    Peters GY $0.86 0 45% 55% 57.43 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal Gold
    Metal Totals 4.64 M oz
    Metal Prices in US$ (from 2010-03-09) $1,120.10 per oz
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $69.15
    Percentage of Total Metal Value 100.00%
    PP% | MI% | I% 0 | 70% | 30%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
    Metal Value per Share (MVpSh)    US$69.15
    Average Ore Value per Tonne    US$137.16
    Metal Value Leverage (MVL)    10.56
    Market Capitalization as % of Metal Value    9.5%
    Recent Stock Price    C$6.72   (TSX/TSXV close on 2010-03-09.)
Conversion rate used: 1 Cnd$ = 0.974456 US$ )
    Fully Diluted Share Count    75.11 M    ( Fully diluted share count taken from Guyana Goldfields Inc., Late August 2009 Presentation, Shareholdings slide, 6 of 40. )
    PP% | MI% | I%    0 | 70% | 30%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    3.809 g/t
    Market Capitalization
    per oz of Gold In Ground    $106.08   US$  |   108.86   C$
    Gold Eq Oz Estimate    4.64 M oz   ( 4.64 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $106.08   US$  |   108.86   C$

See terms for more about GoldMinerPulse metrics.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Guyana Goldfields Inc. is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold
Aurora	GY	$68.29	0	70%	30%	4.58 M oz
Peters	GY	$0.86	0	45%	55%	57.43 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal	Gold
Metal Totals	4.64 M oz
Metal Prices in US$ (from 2010-03-09)	$1,120.10 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$69.15
Percentage of Total Metal Value	100.00%
PP% \| MI% \| I%	0 \| 70% \| 30%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
Metal Value per Share (MVpSh)	US$69.15
Average Ore Value per Tonne	US$137.16
Metal Value Leverage (MVL)	10.56
Market Capitalization as % of Metal Value	9.5%
Recent Stock Price	C$6.72 (TSX/TSXV close on 2010-03-09.) Conversion rate used: 1 Cnd$ = 0.974456 US$ )
Fully Diluted Share Count	75.11 M ( Fully diluted share count taken from Guyana Goldfields Inc., Late August 2009 Presentation, Shareholdings slide, 6 of 40. )
PP% \| MI% \| I%	0 \| 70% \| 30%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	3.809 g/t
Market Capitalization per oz of Gold In Ground	$106.08 US$ \| 108.86 C$
Gold Eq Oz Estimate	4.64 M oz ( 4.64 M oz are in ground)
Market Capitalization per oz of Gold Equilavent	$106.08 US$ \| 108.86 C$

See terms for more about GoldMinerPulse metrics.

Aurora - ^top^

(NI) 43-101 Report:

Title: Guyana Goldfields: Aurora Project Preliminary Assessment Project No.7178
Date: 2008-08 (74 pages)

Updates: Guyana Goldfields Inc., Late August 2009 Presentation, Resource & Grades slide, 20 of 40.

Project Location: Guyana, Guyana / Mining Region: Guiana Shield

Map View: View Guyana Goldfields Aurora project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $47.94 3.21 M oz 4.140 g/t 24.15 M t
Estimate notes: Guyana Goldfields Inc., Late August 2009 Presentation, Resource & Grades slide, 20 of 40.
Cut-off grade at 0.85 g/T Au for O/P and 2.00 g/T for U/G

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$47.94	3.21 M oz	4.140 g/t	24.15 M t
Estimate notes: Guyana Goldfields Inc., Late August 2009 Presentation, Resource & Grades slide, 20 of 40. Cut-off grade at 0.85 g/T Au for O/P and 2.00 g/T for U/G

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $20.35 1.36 M oz 3.280 g/t 12.94 M t
Estimate notes: See notes for Indicated.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$20.35	1.36 M oz	3.280 g/t	12.94 M t
Estimate notes: See notes for Indicated.

Peters - ^top^

(NI) 43-101 Report:

Title: PETERS MINE PROJECT, GUYANA
Date: 2004-01-20 (74 pages)

Updates: Guyana Goldfields Inc., Late August 2009 Presentation, Resource & Grades slide, 20 of 40.

Project Location: Guyana, Guyana / Mining Region: Guiana Shield

Map View: View Guyana Goldfields Peters mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.38 25.66 K oz 1.900 g/t 420.00 K t
Estimate notes: See p. 9 of 60 of the NI 43-101 report dated January 2004.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.38	25.66 K oz	1.900 g/t	420.00 K t
Estimate notes: See p. 9 of 60 of the NI 43-101 report dated January 2004.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.47 31.78 K oz 2.800 g/t 353.00 K t
Estimate notes: See notes for Indicated.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.47	31.78 K oz	2.800 g/t	353.00 K t
Estimate notes: See notes for Indicated.


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