Caza Gold Options Piedra Iman Project in Nicaragua to B2Gold

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(FRANKFURT:CZ6)(OTCQX:CZGDF) is pleased to announce that a binding
letter agreement has been signed with B2Gold Corp (B2Gold), whereby B2Gold can
earn an initial 60% interest and an ultimate 75% interest in Caza's Piedra Iman
copper-gold exploration project in Nicaragua.


Piedra Iman is located approximately 25 kilometers north of B2Gold's operating
El Limon gold mine at the northwest end of Caza's large property package in the
central gold belt of Nicaragua (Link to Piedra Iman Property Page on Website -
http://www.cazagold.com/projects/nicaragua/piedra_imam/). The main exploration
target appears to be bulk tonnage porphyry style copper-gold deposits.


The main copper-gold mineralized zone is hosted by strongly altered igneous
rocks over an area at least 800 meters long by 400 meters wide. Alteration
consists of several highly silicified igneous breccia bodies surrounded by
sericite and clay-altered intrusive rocks. Sheeted magnetite veins in intrusive
rocks have been discovered up to 1.5 km from the main mineralized area. The
Piedra Iman property has some geologic similarities to the Primavera copper gold
porphyry target currently being explored by B2Gold and Calibre Mining in eastern
Nicaragua.


This prospective area was explored by Latin American Exploration S.A. (Laminex)
in the 1970's, as evidenced by one old adit, now caved, and several old drilling
sites. The adit is reportedly at least 300 feet long and trends under the
historic drilling sites. Historic reports refer to multiple drill intercepts of
high grade copper mineralization from a 1972 drilling program. Gold and silver
were not assayed for by Laminex.


Original drill hole location maps, drill logs, assay reports and core samples
have not been located so this historic information has not been verified. New
drilling, sampling and assaying will be required to verify the historic data and
determine the potential of the target zone. Historic drill highlights are as
follows:




----------------------------------------------------------------------------
                      From (feet)   To (feet) Total (feet)    Meters     Cu%
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DDH 787                        15          53           38      11.6     0.8
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                               53          92           39      11.9    0.21
----------------------------------------------------------------------------
                               92         159           67      20.4    0.12
----------------------------------------------------------------------------
                                                                            
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DDH 790                        10          61           51      15.5     0.3
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
DDH 794                        10          65           55      16.8     0.3
----------------------------------------------------------------------------
                               65         105           40      12.2    0.53
----------------------------------------------------------------------------
                              105         167           62      18.9    0.31
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
DDH 818                       117         156           39      11.9    0.23
----------------------------------------------------------------------------
                              156         180           24       7.3     1.4
----------------------------------------------------------------------------
                              294         304           10       3.0     0.7
----------------------------------------------------------------------------
                              344         354           10       3.0     1.2
----------------------------------------------------------------------------
                              365         395           30       9.1     1.5
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
DDH 846                       381         400           19       5.8     2.4
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
DDH 851                         0          90           90      27.4     0.4
----------------------------------------------------------------------------



Caza reported previously that thirty-seven of the 125 samples collected by the
Company contained more than 0.1 grams per tonne (gpt) gold and 12 samples
assayed more than 0.5 gpt gold, with a peak value of 46.0 gpt (link to Dec. 4,
2012 News Release - http://www.cazagold.com/_resources/news/120412.pdf). Copper
values range from 0.01% to 1.82% and 41 of the 125 samples returned over 0.5%
copper. All samples were representative surface rock chip grab samples which
were prepared by Inspectorate Laboratories in Managua, Nicaragua and analyzed at
their facilities in Reno, Nevada. Check samples and blanks were included with
the samples to monitor QAQC of preparation and assay procedures.


B2Gold can earn an initial 60% interest by spending $2.5 million on exploration
over 4 years. B2Gold can earn up to a 75% interest by funding and completing a
technical report and feasibility study.


B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G)(OTCQX:BGLPF) is a Vancouver
based gold producer with three operating mines (two in Nicaragua and one in the
Philippines) and a strong portfolio of development and exploration assets in
Nicaragua, Colombia, Namibia and Uruguay. B2Gold is the largest gold producer in
Nicaragua.


Caza Gold Corp. (TSX VENTURE:CZY)(FRANKFURT:CZ6)(OTCQX:CZGDF) is a gold-copper
exploration company focused on discovering new gold deposits in Nicaragua and
Mexico. The Company is one of the largest landholders in the highly prospective
but largely undeveloped country of Nicaragua, and holds attractive properties in
historic mining districts in the mineral-rich country of Mexico. Caza Gold Corp.
is dedicated to discovering gold, defining deposits, and developing value.


Greg Myers, Ph.D. P. Geo, President and CEO of the Company, is the Qualified
Person who reviewed and approved the contents of this News Release.


CAZA GOLD CORP.

Per:

Greg Myers, President and CEO

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes certain statements and information that may contain
forward-looking information within the meaning of applicable Canadian securities
laws or forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995. All statements in this news
release, other than statements of historical facts, including statements
regarding future estimates, plans, objectives, assumptions or expectations of
future performance, the likelihood of commercial mining and financing
requirements and the ability to fund future exploration and development are
forward-looking statements and contain forward-looking information. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of such words and
phrases or statements that certain actions, events or results "may", "could",
"should", "would" or "occur". Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and
they are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking information.
Although management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caza Gold Corp.
Terry Johnston
[phone] or toll free 1 [phone]
[phone] (FAX)
[e-mail]
www.cazagold.com