CZY

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 is now underway on the Los Andes property in Nicaragua. 


Two initial high sulfidation, epithermal drill targets will be tested at Los
Andes, the Pedregal Silver-Gold Zone and the Quisaltepe Zone. Caza plans to
complete a total of 5000 meters of diamond core drilling at Pedregal and
Quisaltepe. 


Initial drilling will test silver-bearing sulfide mineralization in a silicified
breccia at the Pedregal area. The mineralized outcrop is exposed for 150 meters
along a cliff face beneath a strongly silicified and clay altered andesite
caprock. The mineralized breccia disappears under cover and a very similar
mineralized zone outcrops down the mountain 400 meters away. These zones may be
a continuous body related to the large epithermal gold and silver system. Silver
values from nil to 196.9 grams per tonne (gpt) in rock chip samples, are
associated with strong argillic and silicified alteration zones in the breccia,
typical of high sulfidation epithermal gold deposits.


Dr. Greg Myers commented, "We are excited to begin the drilling program at the
Pedregal and Quisaltepe targets and getting a better understanding of these high
sulfidation systems along strike and at depth. The system is more than 17
kilometers long so we have chosen what we consider to be the two top priority
targets based on surface rock chip sampling, alteration mineralogy, and
structure. However, there are many other alteration zones at Los Andes that we
hope to get to over time."


The Pedregal target 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. The highest silver values occur in the
silicified breccia zone near north trending faults which cut the northwest
trending fault zones. The mineralized breccia is beneath an extensive, weakly
mineralized argillic alteration cap which is more than 4 kilometers (km) long
and at least 3 km wide, with an advanced argillic alteration zone which is at
least 2.5 km long and 1 km wide. Strongly anomalous arsenic, antimony, bismuth,
and tellurium occur in the argillic cap and silicified breccias in the Pedregal
area along with anomalous silver and gold. The alteration and metal
concentrations possibly indicate leakage from mineralization deeper in the
hydrothermal system. 


Broad scale alteration and trace metal anomalies at Pedregal are zoned around
2nd order northeast- and north-trending cross-faults. The Pedregal, and
Quisaltepe drill targets are each located along a northeast-trending fault zone
where it is cut by the northwest-trending faults. This mineralized fault zone is
at least 17 km long and mapping continues to expand the system. 


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 and silver values and
highly elevated values of trace metals such as arsenic, bismuth, and tellurium,
which are associated with the precious metals. 


The Pedregal Zone is one small part of the overall epithermal gold system mapped
at Los Andes, which covers approximately 100 square kilometers. The Company
continues to map and sample the Los Andes Property and has thus far identified
10 gold targets along a 17 km long portion of the fault zone. 


Caza Gold Corp. (TSX VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6)is a
growth-oriented gold exploration company focused 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.

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