Azabache Energy Inc.: Drilling Commence on Lemaya Well-Antares Block (Colombia)

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


Azabache Energy Inc. ("Azabache" or the "Company") (TSX VENTURE:AZA) announces
that on August 12, 2012, the Operator of the Antares Block (where the Company
has a 50% working interest) has commenced the drilling of the Lemaya Well on the
Antares Block in Colombia. The target of the well is to test the presence of oil
in sandstones of the Caballos Formation the main reservoir of the Upper
Magdalena Valley Basin. The Operator's prognosis anticipates this reservoir will
be encountered between 2,360 and 2,900 ft. The drilling and completion are
expected to take approximately three weeks.


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 the Company's operational
activities as well as the timing of completion of the Lemaya Well. The
forward-looking statements contained in this document are based on certain key
expectations and assumptions made by Azabache. 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
conclude arrangements with joint venture partners to assess the viability of the
Company's shale oil and gas assets, the failure to obtain other regulatory and
governmental 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.