Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is pleased to announce that the Phase 1
drill program now underway on the Los Andes property in Nicaragua has
intersected thick intervals of strongly altered and silicified, sulfide bearing
volcanic rocks carrying anomalous silver, copper, and gold associated with vuggy
silica, advanced argillic, and argillic alteration. 


Four holes have been drilled in the Pedregal target area for a total of about
1100 meters of a planned 5000 meter program. Drilling has progressed slowly due
to difficult drilling conditions (hard siliceous zones, soft argillic zones and
multiple faults) and none of the holes were able to reach the target depth of
350-400 meters. All four drill holes intersected strong silica and clay
alteration and sulfide mineralization from top to bottom and all four holes had
to be terminated between 250 to 300 meters deep


The upper 80 to 100 meters of each hole are strongly oxidized with intervals of
intense iron oxides and elevated mercury, antimony, and arsenic values. All four
drill holes intersected strong silicification occurring as massive replacements,
silica with a sugary texture, and vuggy quartz. Advanced argillic alteration
forms multiple zones surrounded by haloes of argillic alteration. The sulfide
assemblage is dominated by pyrite but includes copper bearing sulfides such as
enargite, digenite, chalcopyrite, chalcocite, tennantite and tetrahedrite. The
sulfide mineralization is present as massive zones, disseminations, and veins. 


The company has posted several photos of core samples on our website along with
a series of cross-sections with assay results
(http://cazagold.com/projects/nicaragua/los_andes/).  Based on the assay results
to date, it appears that the silica cap intersected near surface is enriched in
silver (up to 70 grams per tonne (gpt)) and the gold (up to 0.09 gpt) and copper
(up to 0.12%) values are systematically increasing towards the south, suggesting
a possible feeder zone in that direction. 


Caza's President and CEO Dr. Greg Myers stated, "We are very encouraged by the
wide zones of heavily altered and sulfide bearing rock intersected in the first
four holes drilled at Pedregal. Even though we have not hit economic gold values
yet, these initial drill results confirm the presence of an extensive high
sulfidation epithermal mineralized system at Los Andes. It appears we are on the
outer edge of a mineralized hydrothermal cell at Pedregal, based on metal
concentrations. Now it is a matter of stepping out from current drill holes to
find the feeder structures and higher concentrations of precious metals and
copper. In addition to Pedregal, Caza has multiple other targets at Los Andes
yet to test along the more than 17 kilometer structure which hosts similar
alteration." 


The volcanic units at Pedregal host multiple lenses of zoned vuggy
silica/advanced argillic/argillic alteration and
vein/stock-work/disseminated/massive sulfide mineralization that are stacked
vertically, a feature typical of large high sulfidation systems in other
deposits around the world where the deeper zones are generally more strongly
mineralized. Individual lenses intersected in drilling are more than 100 meters
thick. The occurrence of pyrite/enargite/digenite with low gold values in
advanced argillic alteration zones is ubiquitous in high sulfidation systems and
often occurs peripheral to better gold mineralization. Several mineralized
igneous dikes of variable composition have also been intersected in the
drilling.


More than 40 strongly silicified breccia bodies have been discovered by Caza
geologists to date at Los Andes marked by advanced argillic/argillic alteration,
precious metal and trace metal soil and rock anomalies following a regional
northeast-trending structural zone. The Pedregal drill holes to date have only
tested one of the breccia bodies, which is one small part of the approximately
100 square kilometer epithermal gold system mapped at Los Andes. The Company
continues to map and sample the Los Andes Property and has thus far identified
more than 10 gold targets along a 17 km long portion of the fault zone. 


Caza also continues to evaluate their other high sulfidation gold properties and
porphyry copper-gold targets in Nicaragua. Caza currently controls more than
450,000 hectares covering at least 23 separate gold and copper targets. 


Caza Gold Corp. (TSX VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is a
growth-oriented gold exploration company focused on discovering new gold
deposits in Nicaragua and Mexico. The Company is one of the largest landholders
in the highly prospective but largely undeveloped country of Nicaragua, and
holds attractive properties in historic mining districts in the mineral-rich
country of Mexico. Caza Gold Corp is dedicated to discovering gold, defining
deposits, and developing value.


Greg Myers, Ph.D. P. Geo, CEO of the Company, is the Qualified Person who
reviewed and approved the contents of this News Release.


CAZA GOLD CORP.

Greg Myers, President and CEO

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform Act
of 1995. All statements that are not historical facts, including without
limitation statements regarding future estimates, plans, objectives, assumptions
or expectations of future performance, are "forward-looking statements". We
caution you that such "forward-looking statements" involve known and unknown
risks and uncertainties, as discussed in the Company's filings with Canadian and
United States securities agencies. The Company expressly disclaims any
obligation to update any forward-looking statements other than as required by
applicable law. We seek safe harbour.