ABS

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


Abzu Gold Ltd. (the "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) announces that the
Company is proceeding with a non-brokered private placement pursuant to which
the Company will issue an aggregate of up to 4,615,385 units (the "Units") at a
price of $0.65 per Unit, to raise gross proceeds of up to $3,000,000 (the
"Private Placement"). 


Each Unit will consist of one common share and one-half of one common share
purchase warrant. Each warrant will entitle the holder to acquire an additional
common share of the Company for a period of 12 months following the date of
issuance of the Units at a price of $0.90 per share.


A finder's fee equal to 5% of the gross proceeds raised may be paid to certain
finders for part of the Private Placement. Additionally, certain finders may
receive finder's warrants equal to 5% of the number of Units purchased by
subscribers introduced to the Company.


The Private Placement is subject to TSX Venture Exchange approval and the
securities issued pursuant to the Private Placement will be subject to a
four-month hold period. 


The net proceeds from the sale of the Units shall be used for working capital
and for general corporate purposes.


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

Allan Serwa, Chief Executive officer

This news release contains certain forward-looking statements, and such
statements involve risks and uncertainties. The results or events predicted may
differ materially from actual results or events. Any forward-looking statement
speaks only as of the date of this news release. Except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results, or any other occurrence.

Abzu Gold Ltd. (TSXV:ABS)
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