Cortez Negotiates US$5 Million Operating Line of Credit for Its Altiplano Gold-Silver Processing Plant

Cortez Gold Corp. (TSX VENTURE:CUT) ("Cortez" or the "Company") announces that
it has signed a letter of intent ("LOI") with Mercuria Energy Trading SA
("Mercuria") for an operating Line of Credit in the amount of US$5 million (the
"Credit Facility") for the mineral processing business owned by Altiplano
Goldsilver, S.A. de C.V. ("Altiplano"), a wholly-owned subsidiary of Cortez. 


Altiplano holds the title to 20 hectares of land in Matehuala, S.L.P., Mexico on
which the processing plant is situated. Designed to process lead and copper
concentrates with high content of gold and silver, Altiplano's plant will offer
a lower processing charge to the numerous small miners in the surrounding area
as well as the medium-size producers whose only current option is to sell their
concentrates to smelters at a high processing cost.


The Credit Facility is subject to certain conditions, including a site visit by
Mercuria and their assessment of Altiplano's processing plant. Once the
conditions precedent have been met, the US$5 million revolving Line of Credit
will be available for Altiplano's operations for a period of five years,
renewable upon mutually acceptable terms and conditions at that time.


Mercuria Energy Trading S.A. operates as a subsidiary of Mercuria Energy Group
Holding S.A., a Swiss privately held international commodity trading company
active over a wide spectrum of global energy markets. They are one of the
world's five largest independent energy traders and asset operators and are
based out of Geneva, Switzerland, with offices worldwide.


"With the Altiplano Plant gearing up for start-up of operations, the Credit
Facility from Mercuria reaffirms our business and our plans for growth," said
Robert Eadie, President of Cortez. "Mercuria is a special partner in Mexico, and
we are committed to making this relationship work, as well as the relationships
with our other Mexican partners." 


About Cortez Gold Corp.

Cortez Gold Corp. is a Canadian precious metals production company, incorporated
in 2007, headquartered in Vancouver, with operations in Mexico. Cortez Gold is
focused on efficient operations, strategic and accretive acquisitions, and
financial strength. Cortez Gold offers a low-risk gold processing business model
that will generate cash flow, and provide low processing charges and efficient
payment schedules to compete with larger scale smelters. Cortez Gold will grow
as a company dedicated to high standards of corporate governance and
sustainability. Visit www.cortezgoldcorp.com for more information.


ON BEHALF OF THE BOARD of Cortez Gold Corp.

Robert Eadie, President 

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cortez Gold Corp.
Robert Eadie
President
[phone]
[phone] (FAX)


Cortez Gold Corp.
Sarah Haney
Investor Relations
[phone] or Toll-Free: 1-866-602-4935
[e-mail]
www.cortezgoldcorp.com