CZY

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6), is pleased to provide shareholders
with the following update of the results of Caza's 2012 exploration and
reconnaissance programs and the outlook for 2013.


Caza is very encouraged with the initial exploration results in Nicaragua during
2012. Drilling at the Los Andes high-sulfidation epithermal gold project
confirmed an extensive and well developed alteration and mineralized system in
the Pedregal Zone, but did not intercept economic mineralization in the first 6
drill holes. Most of the world's high-sulfidation gold deposits have required
dozens of exploration drill holes before intersecting an economic gold
intercept. We are excited to have discovered an upper 120 meter thick oxidized
zone underlain by at least 150 meters of strongly silicified, sulfide bearing
rocks, with anomalous gold, copper, and silver. No drill holes were able to
drill through the alteration and sulfide bearing zone into unaltered rocks
beneath the extensive silicified and clay altered volcanic rocks.


In addition to our encouragement at Los Andes, Caza's regional program
discovered a large copper-gold system at the Piedra Iman Target in northern
Nicaragua within the Aguas Calientes Property. The initial reconnaissance
sampling returned a gold assay of 45.9 grams per tonne (gpt) in a silicified and
weakly iron stained igneous rock. Follow up sampling confirmed a gold-copper
zone at least 800 meters long by 300 meters wide as reported in Caza's December
4, 2012 news release.


Mapping and sampling continued during 2012 at the Balleza Project in Mexico and
several new gold and silver targets were identified. Extensions to the low grade
mineralized zone drilled in 2011 and multiple zones of veins and vein
stock-works with high gold and silver values were discovered.


Los Andes Project, Nicaragua



--  Los Andes 
    --  Pedregal: Drilling confirmed a well-developed, high sulfidation
        system at least 250 meters thick, which contains intervals of nearly
        massive pyrite with lesser enargite, digenite, and chalcocite. Six
        drill holes have been completed at the Pedregal target. The first 5
        were closely spaced fans of holes to determine the orientation of
        the altered zones. The sixth hole was a 350 meter step-out targeting
        Au, Ag, and Cu soil anomalies. Thin intervals of elevated silver and
        gold were intersected, (best intercepts 1.3 meters of 2.1 gpt Au and
        1.8 meters of 305 gpt Ag). 
    --  Quisaltepe: Progress has been made with the local community and land
        owners to gain access to drill target areas. 
    --  Rodeo: Three holes were completed in the low temperature opal-
        chalcedony zone. The drill holes cut about 50 meters of strongly
        silicified rock and passed into chlorite altered andesite. Minor
        gold anomalies were intersected in the drilling. 



Agua Caliente Property



--  Piedra Iman: The Piedra Iman copper-gold target has been extended to an
    area at least 800 meters long by 300 meters wide. Very little
    reconnaissance has been completed in the area and the ultimate extent of
    altered igneous rocks with gold and copper values is not known. Several
    old drill pads have now been discovered in the field and the reported
    collapsed portal of an exploration drift has been located. Assay results
    from the first 125 surface rock chip samples in an area 800 meters long
    by 300 meters wide at the Piedra Iman target in Northern Nicaragua.
    Thirty seven of the 125 samples collected by the Company contained more
    than 0.1 gpt gold with 12 samples containing more than 0.5 gpt gold up
    to 45.99 gpt. 
    
    Copper values range from 0.01% to 1.82% and 41 of the 125 samples are
    over 0.5% copper. Magnetite and specular hematite are common in the
    mineralized zone. Alteration consists of several highly silicified
    igneous breccia bodies surrounded by sericite- and clay-altered
    intrusive rocks. The initial interpretation of the limited rock
    exposures suggest the mineralization could be related to a porphyry
    copper-gold system or an IOCG (iron oxide-copper-gold) system.



Balleza Project, Moris Property, Mexico

Mapping and rock chip sampling was expanded along the 7 kilometer long
mineralized trend in the Balleza-Cienega zone. Multiple gold and silver bearing
veins zones were better delineated and new areas were discovered which not only
include individual or sub-parallel sets of veins, but several areas of gold
bearing vein stockworks and additional silicified dacite dikes similar to the
Balleza zone which was drilled in 2011. The Balleza drilling tested a 300 meter
long zone within a 1200 meter long mineralized zone of outcropping silicified
dacite and overlying silicified rhyolitic tuff. This zone is up to 140 meters in
true thickness from the surface and drill hole simple weighted average grades
range from 22 meters grading 0.42 gpt gold to 137.8 meters grading 0.64 gpt gold
using a 0.1 gpt gold cutoff and including internal waste below the cutoff grade.
The area drilled tested approximately 25% of the outcropping target area. There
has been insufficient exploration to define a mineral resource and it is
uncertain if further exploration will result in the discovery of a mineral
resource. Vein sampling, in multiple zones along the 7 km long trend, returned
assays from nil to 18.46 gpt gold with silver values from nil to 723 gpt. 


2013 Outlook

Caza will work to advance 3 projects during 2013, the Los Andes and Piedra Iman
projects in Nicaragua and the Balleza project in Mexico. The Company will also
pursue a strategic partner to assist in advancing projects in Nicaragua. Work
programs in Nicaragua will focus on further defining drill targets by completing
a large airborne geophysical survey over the Los Andes and Piedra Iman targets
and utilizing this new data with existing alteration mineralogy and geochemical
results. 




--  Los Andes Project: Caza is planning an airborne geophysical survey to
    assist in drill targeting early in 2013. Drilling confirmed the presence
    of extensive silicification and sulfide mineralization, both of which
    will be detected in the TDEM (time domain electromagnetic method),
    aeromagnetic, and radiometric geophysical survey. Other companies have
    found this survey to be a useful addition to mapping and geochemical
    analyses of the surface rocks. Caza plans to utilize this data to help
    target drillholes in the Quisaltepe gold zone and will initiate the
    drilling once the geophysical results are completed and access roads are
    completed. 
--  Piedra Iman Project: Caza is planning a follow-up mapping program and an
    airborne geophysical survey (TDEM, aeromagnetic, and radiometric) to
    assist with drill targeting. Permit applications have been submitted and
    approval is expected by mid 2013. Once environmental permits are
    approved Caza plans an initial drilling program to test the copper and
    gold bearing outcrops. 
--  Balleza-Cienega: The 2013 exploration program at Balleza will continue
    mapping and sampling along the 7 km long mineralized trend in order to
    define and prioritize additional drill targets. Trenching programs are
    planned to further delineate the high grade gold and silver bearing vein
    systems and stockwork zones believed to feed larger, low-grade target
    areas. Drilling is planned for later in 2013 pending favorable mapping
    results.



Dr. Myers, President and CEO commented, "I am excited with the drilling at
Pedregal in 2012. When the drill core came out of the ground we could not have
hoped for better looking rock, the drill core was beautiful from the beginning
of the hole to the end. We were disappointed when we received the assays which
contained anomalous but un-economic values for gold, but we are certainly on the
right track. The addition of the new high grade gold and copper discovery at
Piedra Iman is a great success for the regional exploration program. I am
looking forward to an exciting 2013!"


Greg Myers, Ph.D. P. Geo, is the Qualified Person who reviewed and approved the
contents of this news release.


Caza Gold Corp. (TSX VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is a
growth-oriented gold exploration company focused on discovering gold deposits in
Latin America and is currently working in Nicaragua and Mexico. The Company
controls one of the largest mining claim positions in the highly prospective but
under-explored country of Nicaragua. Company management includes geologists and
business professionals with extensive exploration and mining experience and a
proven track record of mineral discovery and mining success, with the
determination to succeed again. Caza is dedicated to building shareholder value,
working responsibly in the local communities, and protecting the environment.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caza Gold Corp.
Greg Myers
Toll Free: 1-877-684-9700 or (604) 685-9750
(604) 685-9744 (FAX)
gmyers@cazagold.com
www.cazagold.com

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