ABS

Abzu Gold Ltd. (TSX VENTURE:ABS)(OTCQX:ABZUF) ("Abzu") is pleased to announce
commencement of drilling at its Nangodi concession, Bole-Nangodi Gold Belt,
Ghana (Figure 1: http://media3.marketwire.com/docs/AbzuFigure1.pdf), one of 10
concessions currently under option agreement with Red Back Mining Ghana Ltd, a
wholly owned subsidiary of Kinross Gold Corp. The drill program has been
designed to evaluate historic gold mineralization at the Nangodi Main target,
one of numerous gold targets on the Nangodi concession (Figure 2:
http://media3.marketwire.com/docs/AbzuFigure2.pdf). Gold in stockwork and quartz
veins at Nangodi Main was previously evaluated by Africwest drilling in the
mid-1990s near a 1930's vintage underground mine that produced gold at an
average grade of approx. 26 g/t gold. Historical drill intercepts have
intersected gold mineralization along a strike distance of 1.2 kilometres which
is also the site of numerous artisanal mining sites where native gold is being
recovered from crushed bedrock.


Approximately 3,000 metres of drilling are planned in the initial phase of work.
Historic drilling has returned intercepts of up to 69 metres of 3.10 g/t gold
with a true width of 60 metres (Figure 3:
http://media3.marketwire.com/docs/AbzuFigure3.pdf). Please note that these data
are historic in nature and have not been reviewed or verified by a Qualified
Person (QP), nor has any QP evaluated Quality Assurance/Quality Control
practices that might have been undertaken by Africwest at the time of drilling.
Abzu wishes to drill at this location, in part, to assess the validity of these
reported data.


Dr. Paul Klipfel, Abzu's President said, "We are very excited to commence
drilling the Nangodi target as it is an impressive gold-bearing vein and
stockwork zone and provides a rare opportunity to follow up on unfinished
positive results by others. Our current data indicates significant gold grades
and continuity over large widths indicating potential for a very sizable
system."


Project Highlights

The Nangodi and Yameriga concessions offer the most advanced targets among a
portfolio of 10 concessions, all with targets, currently under option agreement
with Red Back Mining Ghana Ltd, a wholly owned subsidiary of Kinross Gold
Corporation. Numerous targets ranging from soil anomalies to drill intercepts
have been identified by past explorers on the Nangodi and Yameriga concessions.


The Nangodi Main and other targets align along a major shear zone identified by
past explorers. The Youga Mine, just across the border in Burkina Faso, lies
along this shear zone. Mineralization at Nangodi Main consists of gold in
stockwork and veins in a sheared quartz porphyry rock. Mineralization is open in
all directions. Abzu's current program is designed to improve understanding of
the extent of gold mineralization. 


Red Back Option Agreement

Abzu Gold has the right to earn 51% of Red Back's holding in these concessions
by incurring exploration expenditure of a total of US$3,000,000 ($500,000 in
year 1, $1,000,000 in year 2, and $1,500,000 in year 3). The government of Ghana
retains a 10% interest in all concessions as per mining legislation of Ghana.
Once the US$3,000,000 option expenditures have been incurred, Abzu and Red Back
will form a joint venture which Abzu will manage and to which both companies
will contribute proportionately to their interest.


About Abzu

Abzu is a gold exploration and development company working in Ghana, Africa's
2nd largest gold producer and host to some of the world's largest gold deposits.
Ghana has strong land title laws and is one of the world's most mining-friendly
jurisdictions. Abzu has invested several years developing local and national
relationships, key to its strategic land position on over 1,100 square
kilometres of highly sought after and productive gold belts.


Abzu currently has field operations in progress in four areas in Ghana - Golden
Reef - Mpatasie, U and N, Asafo, and now Nangodi. The Company is currently
waiting for assay results for its Phase 1 Golden Reef drill program completed in
July, 2011.


Qualified Person and Quality Control/Quality Assurance

Professional geologist (AIPG cert. # 10821) Dr. Paul Klipfel, President and a
Qualified Person as defined by National Instrument 43-101, has designed,
planned, and supervised the work program at Mpatasie, Golden Reef, and Asafo and
is responsible for all aspects of the work, including the quality
control/quality assurance program. Samples are collected systematically and in a
consistent manner. Drill samples are bagged, closed and sealed at the sample
site and kept secure in the care of field crews until delivered to the ALS
laboratory in Kumasi, Ghana for gold fire assay and ICP multi-element analyses.
ALS Chemex's quality system complies with the requirements for the International
Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision
are monitored by inclusion of field duplicates (1:50) and reference standards
(1:20) into the sample stream. Dr. Klipfel is not independent of the Company as
he is an officer and shareholder.


Mr. Georgi Magaranov, a consulting economic geologist employed by ET Geoart, is
a Qualified Person as defined by National Instrument 43-101, has been jointly
responsible with Dr. Klipfel for design and supervision onsite of the work
program, including the QAQC program. Mr. Magaranov has over 17 years of
exploration experience working for AngloAmerican plc, Rio Tinto Exploration, and
other companies in a range of geographic locations in Africa, Asia, Europe, and
South America for gold, copper and other types of mineral deposits.


Dr. Klipfel has a Ph.D. in economic geology and more than 33 years of relevant
experience as a mineral exploration geologist. He is a Certified Professional
Geologist (CPG 10821) by the American Institute of Professional Geologists.


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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