Azabache Announces Closing of Participation Agreement for Vaca Muerta Assets and Appointment of New Director

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


Azabache Energy Inc. (TSX VENTURE:AZA) ("Azabache" or the "Company") - Further
to the Company's press release dated December 12, 2013, the Company is pleased
to announce that it has, effective December 27, 2013, closed the Participation
Agreement with RIO BRAVO COMMERCIAL ENTERPRISES INC., in respect of the
Company's Vaca Muerta assets. Transfer of direct interest in such assets remains
subject to the approval of the Province of Neuquen.


Azabache is also pleased to announce the appointment of Mr. Dominic Dacosta as a
director of the Company subject to obtaining the TSX Venture Exchange's required
approval. Mr. Dacosta has been a partner with the law firm Dacosta Ordonez
Abogados in Colombia since 2011. Mr. Dacosta is a Director of Petroleos del Mar,
Latco Drilling S.A., Gasoducto Movil de Colombia S.A. E.S.P, Integral de
Servicios Tecnicos S.A. and Geoespectro S.A.S. He is also the registered legal
representative in Colombia of Petrolera Monterrico S.A. Mr. Dacosta holds a
degree in law, studies in international law at Pontificia Universita S. Tommaso
D'Aquino and a postgraduate degree in business law from Universidad Externado de
Colombia. 


For further information on Azabache please visit the Company's website at
www.azaenergy.com.


Neither the 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.


This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the anticipated approval of the
Participation Agreement and the approval of the appointment of Company's new
director. Forward-looking statements contained in this document are based on
certain key expectations and assumptions made by Azabache, including with timing
of receipt of the required approvals. Although Azabache believes that the
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking
statements because Azabache can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number
of factors and risks.


These include, but are not limited to, the failure to obtain necessary
regulatory approvals, risks associated with the oil and gas industry in general
(e.g., operational risks in development, exploration and production; delays or
changes in plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of estimates
and projections relating to production, costs and expenses, and health, safety
and environmental risks), commodity price and exchange rate fluctuations. The
forward-looking statements contained in this document are made as of the date
hereof and Azabache undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful. The securities have
not been registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azabache Energy Inc.
Claudio Larotonda
President & CEO
+54.11.4893.4004
[e-mail]


Azabache Energy Inc.
Glenn Van Doorne
Chairman
+403.966.8739
[e-mail]
www.azaenergy.com