Abzu Gold Announces Non-Brokered Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH U.S.
NEWSWIRE SERVICES


Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) is
pleased to announce that it will conduct a non-brokered private placement to
sell up to 20,000,000 units of the Company (the "Units") at a price of $0.15 per
unit for gross proceeds of up to $3,000,000.


Each Unit shall consist of one common share of the Company and one half of one
common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant
shall be exercisable into one common share of the Company for a period of 24
months from closing at an exercise price of $0.20.


In addition, the Company may increase the size of the Offering by up to
$2,000,000, in whole or in part, in Units at the issue price of $0.15 per unit,
until two business days prior to the Closing Date, subject to applicable
securities laws. 


The net proceeds of the Offering are intended to be used by the Company for the
advancement of Abzu's Nangodi Project and the Company's other gold projects in
Ghana, and for general corporate purposes.


Closing of the financing is anticipated to occur on or about July 27, 2012 and
is subject to receipt of applicable regulatory approvals including approval of
the TSX Venture Exchange. The securities issued will be subject to a standard
four month hold period.


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

Tim McCutcheon, Chief Executive Officer