Azabache Announces Closing of Private Placement

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 23, 2013, the Company wishes to
advise that it has closed in escrow, an additional 4,088,461 units (the "Units")
of the Company for additional proceeds of $531,499.93 (the "Additional
Subscription"). As a result of the Additional Subscription, the purchaser of the
Units will become an insider of the Company (the "Insider"), holding greater
than 10% of the issued and outstanding shares of the Company which requires TSX
Venture Exchange (the "TSXV") approval. Closing of the Additional Subscription
is expected to occur in January 2014 upon clearance by the TSXV of the Insider's
personal information form.


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


Neither the TSXV nor its regulation services provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.


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. This press release contains
forward-looking statements. More particularly, this press release contains
statements concerning expected regulatory approval and the closing of the
Additional Subscription. The forward-looking statements contained in this
document are based on certain key expectations and assumptions made by Azabache,
including with respect to regulatory approval. 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. 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.


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