Abzu Announces That It Has Renegotiated Their Option Agreements With Red Back. Nangodi and Yameriga Licences Are Now Fully Co...

Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE:ABS) and its subsidiary
Abzu Resources Ghana Limited, announces that it has entered into a termination
and release agreement with Red Back Mining Ghana Limited ("Red Back") dated
January 31, 2014 (the "Termination and Release Agreement"), pursuant to which
the ten option agreements entered into with Red Back on June 24, 2011 (the
"Option Agreements") have been terminated.


Bob Baxter, President and CEO commented, "Now having full control of the Nangodi
and Yameriga licences allows Abzu Gold to advance its plans to develop the
Nangodi project."


In conjunction with the Termination and Release Agreement, the Company and Red
Back have also entered into a transfer and royalty agreement dated January 31,
2014, pursuant to which Abzu will retain the rights to two of the licenses,
Yameriga and Nangodi, previously optioned in the Option Agreements. As
consideration for these acquisitions, Abzu has granted a 2% net smelter royalty,
payable in cash, on the sale of any minerals or products mined from the Yameriga
and Nangodi licenses, to Red Back. 


These agreements will become effective upon receipt of consent from the Minerals
Commission of Ghana. The Company and Redback are currently working to obtain
such consent.


To date, the Company has expended approximately $5.2 million on the Yameriga and
Nangodi licenses. Further information on the Company's exploration efforts on
these two properties is available on SEDAR, in the Company's financial
statements, MD&A and news releases.


On behalf of the board of directors of ABZU GOLD LTD.

Bob Baxter, President and CEO

Neither 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 press release, which has been prepared by
management.


Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and "forward
looking information" within the meaning of the British Columbia Securities Act
and the Alberta Securities Act. Specifically, there can be no assurance that the
transaction will be completed as proposed or at all. Generally, the words
"expect", "intend", "estimate", "will" and similar expressions identify
forward-looking information. By their very nature, forward-looking statements
are subject to known and unknown risks and uncertainties that may cause our
actual results, performance or achievements, or that of our industry, to differ
materially from those expressed or implied in any of our forward looking
information. Statements in this press release regarding Abzu's business or
proposed business, which are not historical facts, are forward-looking
information that involve risks and uncertainties, such as estimates and
statements that describe Abzu's future plans, objectives or goals, including
words to the effect that Abzu or management expects a stated condition or result
to occur. Since forward-looking statements address events and conditions, by
their very nature, they involve inherent risks and uncertainties. Actual results
in each case could differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they are made. All
of the Company's Canadian public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the
technical reports filed with respect to the Company's mineral properties. The
foregoing commentary is based on the beliefs, expectations and opinions of
management on the date the statements are made. The Company disclaims any
intention or obligation to update or revise forward-looking information, whether
as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Abzu Gold Ltd.
Bob Baxter
President and CEO
604 638 3288
604 398 5387 (FAX)