Abzu Gold Amends Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) has
revised the terms of its non-brokered private placement financing announced July
17, 2012.


Each unit shall consist of one common share of the Company (a "Share") and one
Share purchase warrant (a "Warrant"). Each Warrant shall be exercisable into a
Share for a period of 12 months from closing at an exercise price of $0.20. 


All other terms of the financing will remain the same as previously announced. 

Closing of the financing is anticipated to occur on or about August 9, 2012 and
is subject to receipt of applicable regulatory approvals including approval of
the TSX Venture Exchange. The securities issued will be subject to a standard
four month hold period.


On behalf of the board of directors of Abzu Gold Ltd.

Tim McCutcheon

Abzu Gold Ltd. (TSXV:ABS)
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