Abzu Gold Ltd.
TSX VENTURE : ABS
OTCQX : ABZUF

Abzu Gold Ltd.

August 02, 2011 19:23 ET

Abzu Gold Increases Size of Non-Brokered Private Placement to $3,600,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH U.S. NEWSWIRE SERVICES

Abzu Gold Ltd. (the "Company") (TSX VENTURE:ABS)(OTCQX:ABZUF) announces that further to the Company's news release dated July 26, 2011, the Company plans to increase the size of its non-brokered private placement to $3,600,000. All other terms of the private placement remain as previously announced.

The Private Placement is subject to TSX Venture Exchange approval and the securities issued pursuant to the Private Placement will be subject to a four-month hold period.

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.

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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