ABS

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Abzu Gold ("Abzu" or "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) has further
revised the terms of its non-brokered private placement financing previously
announced on July 17, 2012 and August 3, 2012.


The Company will now be selling up to 5,000,000 units (the "Units") at a price
of $0.11 for gross proceeds of up to $550,000. Each Unit shall consist of one
common share of the Company (a "Share") and one common share purchase warrant (a
"Warrant"). Each Warrant shall be exercisable into an additional Share for a
period of 12 months from closing at an exercise price of $0.125.


The Company continues to negotiate with Stonehouse regarding the terms of its
previously announced strategic investment. The terms of such investment will be
disclosed upon conclusion of the negotiations.


Closing of the non-brokered financing is anticipated to occur on or about
October 5, 2012 and is subject to receipt of applicable regulatory approvals
including approval of the TSX Venture Exchange. The securities issued will be
subject to a standard four month hold period.


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

Tim McCutcheon, Chief Executive Officer

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