ABS

Abzu Gold ("Abzu" or "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) is pleased to
announce it has signed a strategic investment proposal ("Proposal") with
Stonehouse Construction Pte Ltd ("SHC"). Pursuant to the Proposal and subject to
completion of due diligence by SHC and TSX Venture Exchange (the "Exchange") and
shareholder approval, SHC will purchase 16,666,667 units (the "Units") of Abzu
for $0.15 per Unit. Each Unit will consist of one common share and one common
share purchase warrant with each warrant exercisable into an additional common
share for a period of 12 months at $0.20. Pursuant to the Proposal the parties
have agreed that SHC will assume operational management of Abzu's Nangodi
project, which Abzu is earning an interest in pursuant to an option agreement
with Kinross Gold. 


In addition, SHC will be entitled to appoint two directors to Abzu's board of
directors. SHC will also have the right of first refusal on providing certain
mining assets and services to Abzu on competitive market terms. The Proposal is
subject to a six week due diligence period during which time the parties will
negotiate and finalize the formal agreements and Abzu will commence the process
for shareholder and exchange approval. All securities issued pursuant to the
private placement will be subject to a four month hold period.


Stonehouse Construction is an international EPCM company working in the minerals
and oil&gas infrastructure sectors. SHC is headquartered in Kuala Lumpur,
Malaysia with permanent offices in Singapore, Vancouver and Astana. Current
operations include the development of the Lomonosovskoye Iron Ore deposit in
Kazakhstan and offshore gas pipeline construction for Petronas. SHC currently
has over $4bn worth of contract work in progress. SHC was recently formed by a
team of experienced senior executives who have worked in developed and emerging
construction markets for major companies such as The Leighton Group, Jacobs and
Chevron. The executives of SHC have mine development and operations experience
in such locations as Peru, Vietnam, Indonesia, Papua New Guinea, Kazakhstan and
several countries in Africa.


Tim McCutcheon, CEO, states: "We are very excited about having Stonehouse as a
major shareholder and leading the way with developing Nangodi. Having access to
Stonehouse's deep well of know-how and experience, combined with having Kinross
as a joint venture partner, means Nangodi and all Abzu assets have the best
chance to deliver maximum value to shareholders." 


On behalf of the board of directors of ABZU GOLD LTD.

Tim McCutcheon, Chief Executive Officer

Abzu Gold Ltd. (TSXV:ABS)
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