Caza Gold Identifies New Gold Target on the San Francisco Property in Nicaragua

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(FRANKFURT:CZ6), is pleased to provide the following update of the
exploration program on the San Francisco Project in Nicaragua.


The Company's ongoing Nicaragua Regional Exploration Program has identified a
new gold target area on the San Francisco Property, to the south of the Los
Andes Property. Gold mineralization has been identified in surface rock chip
samples, soil samples, and continuous rock chip trench samples. 


A large silicified zone with strong argillic alteration occurs at the
intersection of the northeast trending Los Andes Structure and the northwest
trending regional structural trend. A circular feature is associated with the
structural intersection and is interpreted as a small volcanic caldera
approximately 3 km in diameter. Strong silicification and argillic alteration
occurs within this caldera and the structural zone.


See map at: http://www.cazagold.com/_resources/maps/nr_2012_03_05_map.jpg

Soil samples were collected on 50 meter by 50 meter and a 100 by 100 meter grid.
A total of 325 soil samples were collected with values ranging from nil to 0.419
gm/T Au, averaging 0.017 gm/t Au. Zones of anomalous gold in soils are
approximately 750 meters by 750 meters, and occur over the projection of the
regional northwest fault zone and the intersection with the caldera margin. The
soil anomalies are open in all directions from the current grid. 


Shallow trenches were dug in an area of soil samples ranging from 0.018 to 0.029
g/T Au. Two meter long continuous, rock chip samples in the trenches range from
nil to 6.5 gm/T gold. Gold mineralization is related to stockwork quartz veins
in clay altered volcanic sediments with strong low-temperature chalcedonic
quartz flooding and veining. The altered area is controlled by a northwest
trending regional scale fault zone and a north trending cross-cutting fault zone
which continues into the Los Andes target zone, 5 km to the north. The Company
is currently expanding the soil grid coverage and plans additional trenching to
better understand mineralization controls and identify drill targets. 


Work is continuing on the Quisaltepe and Pedregal targets in the Los Andes
Property in preparation for drilling. Drilling contracts are being finalized and
road and drillpad construction is nearly complete. 


Greg Myers, Ph.D. P. Geo, is the Qualified Person who reviewed and approved the
contents of this news release.


Caza Gold Corp. is a growth-oriented gold exploration company listed on the
TSX-V: CZY and FSE: CZ6. The Company is focused on the acquisition and
exploration of strategic gold properties in Mexico and Latin America.


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.

Caza Gold Corp. (TSXV:CZY)
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