Caza Gold Corp.

Updates on Los Andes Project in Nicaragua and Termination of Shareholders Rights Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 3, 2014) - Brian Arkell, CEO and President of Caza Gold Corp. (TSX VENTURE:CZY)(FRANKFURT:CZ6), is pleased to announce that the Company has engaged Aeroquest International, Ltd. to conduct an airborne magnetics survey over its Los Andes High Sulfidation Project. The survey will cover some 550 line kilometers over the central portion of the Los Andes project where previous exploration has identified high sulfidation type alteration and Au-Ag mineralization. The survey and final data analysis are expected to be completed in first quarter 2015.

The Los Andes area displays characteristics of a high sulfidation Au-Ag system. Host rocks are Tertiary-aged andesite volcanics associated with granodiorite intrusive rocks. The system occurs along an 11 kilometer structural corridor with extensive alteration and mineralization exposed at surface. At least 8 targets have been identified along the trend, associated with silicified and argillized volcanic rocks, diatremes and breccia pipes. Brian Arkell, President and CEO states: "The airborne survey will greatly enhance our exploration on the project, help define structure and favorable target zones, and allow Caza to better target our future drilling."

San Francisco Project Update

Caza recently completed additional trenching and drillhole assays on the San Francisco Project, located at the southern end of the Los Andes trend. Mineralization at San Francisco is associated with quartz- carbonate veins hosted in argillized felsic volcanic and dacite intrusive rocks. The alteration footprint in San Francisco comprises some 3 square kilometers.

All three diamond drill holes intersected significant thicknesses of low sulfidation quartz-carbonate veins along with highly anomalous gold values. The veins were up to 6.3 meters in width (downhole). True width cannot be determined from the information available at this time.

DH #	From (m)	To (m)	Interval (m)	Au (g/t)
SFO-001	62.2	63.84	1.3	0.241
SFO-001	73.6	77.0	3.4	0.383
SFO-001	119.4	121.1	1.7	0.171
DH #	From (m)	To (m)	Interval (m)	Au (g/t)
SFO-002	6.6	8.2	1.6	0.276
SFO-002	82.6	87.1	2.7	0.209
DH #	From (m)	To (m)	Interval (m)	Au (g/t)
SFO-003	99.4	105.7	6.3	0.188

Channel sampling of a drill-hole access road and two trenches have yielded the following results: