Caza Gold Options Piedra Iman Project in Nicaragua to B2Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 12, 2013) - Greg Myers, CEO and President of Caza Gold Corp. (TSX VENTURE:CZY)(FRANKFURT:CZ6)(OTCQX:CZGDF) is pleased to announce that a binding letter agreement has been signed with B2Gold Corp (B2Gold), whereby B2Gold can earn an initial 60% interest and an ultimate 75% interest in Caza's Piedra Iman copper-gold exploration project in Nicaragua.

Piedra Iman is located approximately 25 kilometers north of B2Gold's operating El Limon gold mine at the northwest end of Caza's large property package in the central gold belt of Nicaragua (Link to Piedra Iman Property Page on Website - http://www.cazagold.com/projects/nicaragua/piedra_imam/). The main exploration target appears to be bulk tonnage porphyry style copper-gold deposits.

The main copper-gold mineralized zone is hosted by strongly altered igneous rocks over an area at least 800 meters long by 400 meters wide. Alteration consists of several highly silicified igneous breccia bodies surrounded by sericite and clay-altered intrusive rocks. Sheeted magnetite veins in intrusive rocks have been discovered up to 1.5 km from the main mineralized area. The Piedra Iman property has some geologic similarities to the Primavera copper gold porphyry target currently being explored by B2Gold and Calibre Mining in eastern Nicaragua.

This prospective area was explored by Latin American Exploration S.A. (Laminex) in the 1970's, as evidenced by one old adit, now caved, and several old drilling sites. The adit is reportedly at least 300 feet long and trends under the historic drilling sites. Historic reports refer to multiple drill intercepts of high grade copper mineralization from a 1972 drilling program. Gold and silver were not assayed for by Laminex.

Original drill hole location maps, drill logs, assay reports and core samples have not been located so this historic information has not been verified. New drilling, sampling and assaying will be required to verify the historic data and determine the potential of the target zone. Historic drill highlights are as follows:

		From (feet)		To (feet)		Total (feet)		Meters		Cu%
DDH 787		15		53		38		11.6		0.8
		53		92		39		11.9		0.21
		92		159		67		20.4		0.12
DDH 790		10		61		51		15.5		0.3
DDH 794		10		65		55		16.8		0.3
		65		105		40		12.2		0.53
		105		167		62		18.9		0.31
DDH 818		117		156		39		11.9		0.23
		156		180		24		7.3		1.4
		294		304		10		3.0		0.7
		344		354		10		3.0		1.2
		365		395		30		9.1		1.5
DDH 846		381		400		19		5.8		2.4
DDH 851		0		90		90		27.4		0.4

Caza reported previously that thirty-seven of the 125 samples collected by the Company contained more than 0.1 grams per tonne (gpt) gold and 12 samples assayed more than 0.5 gpt gold, with a peak value of 46.0 gpt (link to Dec. 4, 2012 News Release - http://www.cazagold.com/_resources/news/120412.pdf). Copper values range from 0.01% to 1.82% and 41 of the 125 samples returned over 0.5% copper. All samples were representative surface rock chip grab samples which were prepared by Inspectorate Laboratories in Managua, Nicaragua and analyzed at their facilities in Reno, Nevada. Check samples and blanks were included with the samples to monitor QAQC of preparation and assay procedures.

B2Gold can earn an initial 60% interest by spending $2.5 million on exploration over 4 years. B2Gold can earn up to a 75% interest by funding and completing a technical report and feasibility study.

B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G)(OTCQX:BGLPF) is a Vancouver based gold producer with three operating mines (two in Nicaragua and one in the Philippines) and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay. B2Gold is the largest gold producer in Nicaragua.

Caza Gold Corp. (TSX VENTURE:CZY)(FRANKFURT:CZ6)(OTCQX:CZGDF) is a gold-copper exploration company focused on discovering new gold deposits in Nicaragua and Mexico. The Company is one of the largest landholders in the highly prospective but largely undeveloped country of Nicaragua, and holds attractive properties in historic mining districts in the mineral-rich country of Mexico. Caza Gold Corp. is dedicated to discovering gold, defining deposits, and developing value.

Greg Myers, Ph.D. P. Geo, President and CEO of the Company, is the Qualified Person who reviewed and approved the contents of this News Release.

CAZA GOLD CORP.

Per:

Greg Myers, President and CEO

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