Z-Gold Exploration Closes a $32,000 Private Placement

(TSX VENTURE:ZGG) Z-Gold Exploration Inc. is pleased to announce the closing of
a private placement for the amount of CDN $32,000. 


The placement consists in 388,571 flow-through shares at a price of $0.07 per
share representing an amount of $27,200 and 80,000 common shares at a price of
$0.06 per share representing a total amount $4,800. Each share is accompanied of
one-half (1/2) share purchase warrant. Each whole warrant gives the right to
subscribe for one common share of the Corporation at a price of $0.11 per share,
expiring January 13, 2014.


The securities that will be issued at the closing of this private placement will
be subject to a hold period of four months and one day from closing. This
placement is subject to the approval of the regulatory authorities. 


About Z-Gold Exploration Inc.

Z-Gold has as its flagship property the Abitibi Gold Property located in Munro
Township in the famous Timmins mining camp. There are many surface gold showings
that require investigation by ground geophysical surveys and followed up by a
diamond drilling program. A recent airborne survey has successfully outlined
many EM and magnetic structural features. A geophysical feature similar to the
Croesus mine has been identified. The Abitibi Gold Property consists of 112
claims located approximately 86 kilometres east northeast of the city of Timmins
in the Larder Lake Mining Division, Ontario.


Z-Gold Exploration Inc. is a publicly listed company trading on the TSX Venture
(ZGG).


This press release was prepared by Z-Gold Exploration Inc. Neither the TSX
Venture Exchange Inc nor its Regulation Services Provider (as that term is
defined in the Policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this release. 


This document may contain forward-looking statements relating to Z-Gold's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Z-Gold's control. A number of important factors could
cause actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public filling.
In addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not placed on such forward-looking
statements. Z-Gold disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Christian Dupont
President and CEO
[phone]
[phone]
[phone] (FAX)
[e-mail]
www.zgoldexploration.com