Caza Closes Private Placement and Issues Shares for Los Andes Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/04/13 -- 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.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts:

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