CUT

Cortez Gold Corp. (TSX VENTURE:CUT) ("Cortez" or the "Company") is pleased to
report that it has commenced construction to complete the gold-silver processing
plant situated in Matehuala, Mexico. The Company recently closed the transaction
to acquire 100% of the issued and outstanding shares of Altiplano Goldsilver
S.A. de C.V. of Mexico ("Altiplano Goldsilver") by issuing 6,000,000 shares of
Cortez to the shareholders of Altiplano Goldsilver with a commitment to spend
US$1.3 million to develop and complete construction of the processing plant.


Altiplano Goldsilver holds the title to 20 hectares of land in Matehuala where
the processing plant is situated. Designed to process lead and copper
concentrates with high content of gold and silver, Altiplano's plant will offer
a lower processing charge to the numerous small miners in the surrounding area
as well as the medium size producers whose only current option is to sell their
concentrates to smelters at a high processing cost.


ON BEHALF OF THE BOARD of Cortez Gold Corp.

President & Chief Executive Officer

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