Caza Closes Private Placement and Issues Shares for Los Andes Property

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6), is pleased to announce that Caza Gold
has closed a non-brokered private placement equity financing for CAD$228,500 and
has issued 533,439 common shares to Inversiones Ecologicas S.A. ("INECOSA")
pursuant to the terms of the Los Andes option agreement dated January 31, 2011.


The private placement is for 2,285,000 units at CAD$0.10 per unit for gross
proceeds of CAD$228,500, with each unit comprised of one common share and
one-half common share purchase warrant. Each full warrant is exercisable to
acquire one common share at an exercise price of CAD$0.20 until the expiry date
of December 28, 2014. A finders' fee of 7% in cash is applicable to a portion of
the private placement. The proceeds from the private placement are for working
capital purposes. Securities issued in connection with the private placement are
subject to a four-month plus one day hold period expiring on April 29, 2013.


The Company also issued 533,439 common shares to INECOSA for the Los Andes
option agreement for additional staked property held in the area of mutual
interest. Shares issued in connection with the Los Andes option agreement are
subject to a four-month plus one day hold period expiring on May 1, 2013.


Caza Gold Corp. 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.


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
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caza Gold Corp.
Bruce Korhonen
Director of Investor Relations
Toll Free: 1-877-684-9700 or (604) 685-9750
(604) 685-9744 (FAX)
bkorhonen@cazagold.com
www.cazagold.com

Caza Gold Corp. (TSXV:CZY)
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