CZY

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(PINKSHEETS:CZGDF)(FRANKFURT:CZ6), announces that Caza has defined a
large initial drill target at the Quisaltepe high sulfidation epithermal gold
zone on the Los Andes project in Nicaragua.


Detailed geological mapping and rock chip sampling (approximately 575 samples in
the Quisaltepe area) have defined a strong gold anomaly over an area at least 2
kilometers (km) long and up to 300 meters (m) wide. High gold values up to 2.53
grams per tonne (gpt) in rock chip samples are associated with advanced argillic
alteration and strongly silicified zones typical of high sulfidation epithermal
gold deposits.


The highest gold values appear to be closely associated with the intersections
of fault structures, possibly indicating leakage from mineralization deeper in
the hydrothermal system. Quisaltepe is located at the margin of a large volcanic
caldera, one of a series of volcanic calderas and high sulfidation epithermal
alteration zones lying along a regional 1st order northwest-trending fault zone
that defines the Central Gold Belt in Nicaragua.


Broad scale alteration and trace metal anomalies at Quisaltepe are zoned around
2nd order northeast- and north-trending cross-faults. The Quisaltepe, San
Francisco and Pedregal drill targets are each located along a northeast-trending
fault zone where it is cut by the northwest-trending faults (Click here to view
map http://www.cazagold.com/_resources/maps/3-14-2012_Quisaltepe_fig.pdf).


More than 40 strongly silicified breccia bodies with advanced argillic and
argillic alteration and trace metal anomalies occur within this regional
northeast-trending structural zone and host anomalous gold values and highly
elevated values of trace metals, which are associated with gold such as arsenic,
bismuth, and tellurium.


A drill contractor has been selected and the Phase 1 drill program is scheduled
to commence in the next few weeks at Quisaltepe, targeting the northern flank of
Cerro Quisaltepe to test the deeper portions of the fault zones below the
surface gold anomalies. Four to six drill holes each 200 m to 400 m deep will
angle across the structures towards the south.


A parallel target occurs approximately 1 km to the north of Quisaltepe on the
lower ridgelines and hosts the 2.53 gpt rock chip sample. This area has sporadic
outcrops and several landslide deposits covering silicified breccia bodies.
Drilling is planned to test this structure zone as well.


The Quisaltepe Zone is one small part of the overall epithermal gold system
mapped at Los Andes. The Company continues to map and sample the Los Andes
Property and has thus far identified 10 gold targets along a 12 km long portion
of the fault zone. The Pedregal silver-gold zone, 7 km to the northwest of
Quisaltepe, is also a top priority target and further details will be released
next week.


Soil and rock chip sampling also continues to try and define the limits of the
new San Francisco drill target on the San Francisco Property located 5 km south
of the Los Andes Project on the same northeast-trending structural zone which
hosts the Quisaltepe and Pedregal targets. Currently the San Francisco gold soil
anomaly measures at least 750 m by 750 m and is open in all directions.


The Company has been approved for trading on the USA OTC Pink Sheets under the
symbol CZGDF and is proceeding with listing its common shares for trading on the
OTCQX in the USA. The Company has engaged Merriman Capital Inc. as its Principal
American Liaison. The listing in the U.S. will improve the liquidity of its
common shares to better serve the Company's U.S. shareholders.


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


Caza Gold Corp. is a growth-oriented gold exploration company listed on the
TSX-V: CZY, FSE: CZ6, and OTC Pink Sheets: CZGDF. The Company is focused on the
acquisition and exploration of strategic gold properties in Mexico and Latin
America.


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.

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