HOUSTON, TEXAS--(Marketwired - April 6, 2016) -

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

Further to its announcement of April 4, 2016 Caza Oil & Gas, Inc. ("Caza") (TSX:CAZ)(AIM:CAZA) confirms that it currently anticipates completing the Consolidation (if approved at the Meeting) on or after May 10, 2016 after the Cancellation has been effected.

Terms used in this announcement have the same meaning ascribed to them in the announcement of April 4, 2016.

About Caza

Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore).

The TSX has neither approved nor disapproved the information contained herein.

ADVISORY STATEMENT

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Such information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "schedule", "continue", "estimate", "expect", "may", "will", "hope", "project", "predict", "potential", "intend", "could", "might", "should", "believe", "develop", "test", "anticipate", "enhance" and similar expressions. In particular, statements regarding the completion and timing of the Consolidation and the Cancellation constitutes forward-looking information.

Such forward-looking information is subject to certain risks, assumptions and uncertainties, including risks and uncertainties associated with the completion of the Consolidation and the other matters contemplated herein. For more exhaustive information on these risks, assumptions and uncertainties you should refer to the Circular which will be available at www.sedar.com. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as may be required by securities laws.