Abzu Gold Ltd.
TSX VENTURE : ABS

Abzu Gold Ltd.

June 25, 2013 08:00 ET

Abzu Gold Announces Extension of $2,000,000 Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2013) -

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

Abzu Gold Ltd. (TSX VENTURE:ABS) ("Abzu" or the "Company") announces that the TSX Venture Exchange has granted the Company an extension for the completion of its non-brokered private placement financing (the "Private Placement"), previously announced in its May 2, 2013 news release (the "Initial Release"). The Company successfully closed the first tranche of this private placement on May 30, 2013 and expects to close the second tranche on July, 14, 2013. The Private Placement remains on the same terms and conditions as set out in the Initial Release, of 40,000,000 units at a price of $0.05, subject to regulatory approval. The funds will be spent toward the advancement of the Nangodi concession.

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

David J. Price, President and CEO

Cautionary Statements

This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction; nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons absent registration or an applicable exemption from registration requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

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