Mr. Gordon Neal reports

CEO APPOINTMENT AND BOARD CHANGES

Abzu Gold Ltd. has appointed Tim McCutcheon as chief executive officer and director of the company, effective immediately.

Mr. McCutcheon is a finance professional with over 16 years in international business experience primarily in the precious metals sector in Eurasia. Most recently he was chief executive officer of Ovoca Gold PLC, a London-listed company with gold exploration assets in Russia. Mr. McCutcheon worked in multiple financial institutions such as Bear Stearns, Aton Capital and Pioneer Investments as an award-winning metals and mining sector analyst and as an investment banker. He also was a founder/partner of DBM Capital Partners Ltd., a leading precious metals boutique finance institution which managed the largest Russia-based gold fund. He was also adviser to multiple international and domestic precious metals companies active in Russia's mining sector.

Mr. McCutcheon has a BA and MBA from Columbia University, New York.

Mr. McCutcheon commented: "I am extremely excited about becoming the chief executive officer of Abzu, as the company's projects have world-class potential and are in a great jurisdiction for gold exploration and mine development. Additionally, the people behind the company have solid track records for advancing gold projects through to production. I believe gold is set to be the premiere asset class for investors globally, and I will strive to make Abzu an ideal instrument for gold-focused investors."

Gordon Neal, Abzu's chairman, commented: "Tim brings a great deal of market depth to the role of chief executive officer at Abzu. He is a hands-on professional who has a record of past success in the mining sector. Under his leadership we see positive growth prospects for Abzu Gold."

Allan Serwa, Abzu's founder has stepped down as the company's chief executive officer but will remain as Abzu's chief liaison and land manager in Ghana. Mr. Serwa's extensive experience with government and local leaders will continue to strongly support the company's activities in Ghana and the surrounding west Africa region.

We seek Safe Harbor.