Guyana Gold Corp. announced that it has entered into a Business Development Consulting Agreement with the Nevada Group to further develop the company's resources and assist the company to achieve its operational objectives.

Guyana Gold Corp. announced that, effective March 1, 2008, the Company and Octagon Mining Corp. entered into a Joint Venture Agreement in which the Company acquired a 50% working interest in certain mineral projects in Guyana. The terms of the Joint Venture call for Octagon Mining Corp. to be responsible for the mining operations and Guyana Gold Corp. to provide assistance in expanding the Port Kaituma operation. Per the Agreement, the Company acquired its 50% working interest from Octagon Mining Corp. in exchange for 1,000,000 shares of Company common stock, all of which were valued at $0.50 per share. The mineral projects in the Joint Venture are comprised of 6 blocks, with each block consisting of 1,200 acres and 44 claims, for a total of 7,200 acres and 264 claims. These claims are located in the Port Kaituma Region in Guyana. The main mineral interests in Guyana are gold, diamond and bauxite and, recently, semi-precious stones. Octagon Mining Corp. is currently producing 100 ounces of gold per month.

Guyana Gold Corp. announced that Eduard Aronov was appointed to serve as the new President of the company effective February 21, 2008. Mr. Aronov brings many years of mineral exploration, mining and finance experience to Guyana Gold Corp. Mr. Aronov has broad experience in international finance, investment banking, natural resource financing and as a business development consultant.