ABS

Abzu Gold Ltd. (TSX VENTURE:ABS)(OTCQX:ABZUF) - 



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         Highlights Include:         73 m @ 1.15 g/t Gold                  
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                                     44 m @ 1.91 g/t Gold                  
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                                     66 m @ 1.53 g/t Gold                  
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Abzu Gold Ltd. ("Abzu") is pleased to announce that initial drill results
confirm the presence of and extend a broad gold mineralized system on the
Company's Nangodi Project, Bole-Nangodi Gold Belt, in northern Ghana (Figure 1).
Multiple higher-grade gold intercepts occur and define a high-grade gold zone
varying from 1 to 15 metres wide with values ranging up to 41.6 g/t gold (1.3
oz/t).


Mineralization remains open in all directions including depth.

Intercepts include 73 metres @ 1.15 g/t gold (NGDD-1A) and 66 metres @ 1.53 g/t
gold (NGRD-12) and outline gold mineralization over true widths of approximately
50 metres and to a vertical depth of 180 metres (Table 1). In addition, this
drilling demonstrates the presence of a high-grade zone 1 to 15 m wide with
values up to 41.6 g/t gold over 1 metre and 4.65 g/t gold over 15 metres in
NGRD-012 at 106 to 107 metres and 100 to 115 metres depth, respectively.


Abzu has completed 27 Reverse Circulation (RC) and diamond core drill holes
(Figure 2) totaling 4,039 metres in its phase 1 drill program. Results for the
initial four holes on Section 49975 are shown in Figure 3. Additional results
are pending and will be released upon receipt. The gold mineralized system
remains open in all directions.




Table 1
Highlights of Drill Holes for Section 49975

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Hole                      From             To       Interval          Grade
Number                      (m)            (m)         (m)(i)       (g/t Au)
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NGDD_001                                                                   
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                             0             20             20           0.46
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                            33           54.7           21.7           0.56
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                            75            119             44           1.91
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                  includes 104            119             15           4.75
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NGRD_001A                                                                  
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                             5             15             10           0.37
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                            34            107             73           1.15
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                   includes 44             48              4            7.9
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                          96.3            107           10.7           3.06
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NGRD_002                                                                   
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                            12             16              4           0.94
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                            48             51              3           1.24
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NGDD_004                                                                   
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                          48.5           72.5             24           2.25
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                 includes 53.9           68.5           14.6           3.32
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                          77.5          100.5             23           0.32
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NGRD_012                                                                   
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                           100            166             66           1.53
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                  includes 100            115             15           4.65
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                           105            108              3          17.93
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                           106            107              1           41.6
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                           119            131             12            1.0
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                           157            160              3           1.23
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(i) Insufficient drilling has been completed to estimate true thickness at
    this zone.



The Nangodi Project centers on a historic gold mine and results are from just
one of several targets on the large, 142 km2, Nangodi concession (Figure 1).
Nangodi is one of ten concessions currently under option agreement with Red Back
Mining Ghana Ltd., a wholly owned subsidiary of Kinross Gold Corp. under the
terms as indicated in Abzu press release 11-07 from June 29, 2011.


To view Figure 1 click on: http://media3.marketwire.com/docs/abs1.jpg

Abzu's President, Dr. Paul Klipfel, stated, "Not only do today's results confirm
the impressive results from historic work at Nangodi, they also open the door
for continued expansion of this sizeable gold mineralized system. In addition,
the newly identified high-grade zone presents the Company with an exciting
opportunity of finding more gold ounces in a smaller area."


To view Figure 2 click on: http://media3.marketwire.com/docs/abs2.jpg

To view Figure 3 click on: http://media3.marketwire.com/docs/abs3.jpg

Mineralization at Nangodi Main consists of gold in stockwork and veins in a
sheared quartz porphyry rock. Gold-bearing intercepts are associated with
quartz-carbonate +/- arsenopyrite +/- tourmaline veins accompanied by carbonate,
sericite, and chlorite alteration. Gold mineralization is associated with a 3 -
10 metre wide carbonaceous shear zone and adjacent quartz +/- feldspar porphyry
intrusive. This style of mineralization is similar to other shear zone-hosted
gold deposits throughout Ghana, particularly those along the western margin of
the Ashanti Belt.


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.


Red Back Option Agreement

Abzu Gold has the right to earn 51% of Red Back's holding in all 10 concessions,
including Nangodi, 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.


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 drilling and work program at Nangodi 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. All Nangodi samples from diamond drill core are sawed and half-core
samples bagged, closed and sealed at the Company's core facility. RC samples are
collected at the drill rig by a geologist who is a Qualified Person or is under
the supervision of a Qualified Person. Samples are then transported to the
Company's facility in Bolgatanga where they are split sufficiently for an
approximate 2 kg sample. All samples are kept secure until delivered to the ALS
laboratory in Kumasi, Ghana for gold fire assay.


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. In addition, ALS performs regular duplicate
analyses according to their own protocols for Quality Assurance and Quality
Control.


Dr. Klipfel has a PhD 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. Dr.
Klipfel is not independent of the Company as he is an officer and shareholder.
Dr. Klipfel has supervised the drill program, examined the mineralized
intercepts reported here-in, reviewed the QAQC data from the project and
approved the content of this release.


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.


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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