Abzu Gold Announces Update to Stonehouse Investment Proposal

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


Abzu Gold (TSX VENTURE:ABS)(OTCQX:ABZUF) ("Abzu" or "Company") announces that,
further to its news release of July 23, 2012, it has adjourned its Special
Meeting of Shareholders that was to be held on September 6th as a result of its
ongoing negotiations with Stonehouse Construction Pte Ltd. ("SHC") regarding the
terms of SHC's strategic investment in the Company.


The Company now plans on holding a combined Special and Annual General Meeting
of Shareholders (the "Meeting") on Wednesday, October 31st at which time it
will, among other things, request shareholder approval to the creation of a new
control person. Upon conclusion of the negotiations with SHC, the revised terms
of SHC's strategic investment in the Company will be disclosed in a subsequent
news release and included in an Information Circular to be mailed to all
shareholders of the Company in connection with the Meeting.


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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