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) is pleased to
announce that it has closed its previously disclosed non-brokered private
placement (the "Private Placement").


The Private Placement consisted of 5,326,499 units (the "Units") at $0.65 per
Unit for gross proceeds of $3,462,224.35. Each Unit consists of one common share
(a "Share") and one-half of one Share purchase warrant (a "Warrant"). Each whole
Warrant entitles the holder to acquire an additional Share for a period of 12
months following the date of issuance of the Units at a price of $0.90 per
Share. The Shares and Warrants issued in connection with the Private Placement
have a four month hold period expiring on December 16, 2011.


A finder's fee equal to 5% of the gross proceeds raised (payable in cash or
Units) has been paid to certain finders for part of the Private Placement.
Additionally, certain finders have received finder's warrants equal to 5% of the
number of Units purchased by subscribers introduced to the Company.


The net proceeds from the sale of the Units will 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.

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