Mr. Glen Watson reports

MAVERICK GOLD AND SILVER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO C$1,100,000

Maverick Gold and Silver Corp. has arranged a non-brokered private placement of up to 22 million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $1.1-million.

The company intends to use the net proceeds of the offering for working capital requirements and general corporate purposes. Units will be offered to purchasers in reliance on available prospectus exemptions under applicable Canadian securities laws, including the accredited investor exemption, the family, friends and business associates' exemption, the minimum amount exemption, the employee, executive officer, director and consultant exemption, and the investment dealer exemption, and in such other jurisdictions as may be permitted.

Offering terms

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share at a price of 10 cents for a period of 24 months following the closing date of the offering, provided, however, that if, at any time prior to the expiry of the warrants, the closing price of the common shares on the Canadian Securities Exchange equals or exceeds 15 cents per common share for a period of 10 consecutive trading days, the company may, at its option, accelerate the expiry date of the warrants by giving written notice to the holders thereof, and, in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation. The offering may close in one or more tranches. Closing of the offering is subject to customary closing conditions, including the approval of the CSE.

In connection with the offering, the company may enter into arrangements with one or more parties to assist in identifying third party subscribers. The company may pay the finders a cash commission of 6.0 per cent of the gross proceeds raised from subscribers introduced by such finders and issue to the finders non-transferable warrants equal to 6.0 per cent of the number of units sold to such subscribers, in each case subject to the policies of the CSE. Each finder warrant will entitle the holder thereof to purchase one common share at a price of 10 cents for a period of 24 months following the closing date of the offering.

About Maverick Gold and Silver Corp.

Maverick is an exploration-stage company advancing a portfolio of gold, silver and copper properties in Nevada and British Columbia. The company is focused on advancing its exploration projects through systematic exploration and drilling.

We seek Safe Harbor.