Appointment of Joint Broker

March 23, 2012

Caza Oil & Gas, Inc.

CAZA OIL & GAS

Appointment of Joint Broker

HOUSTON, TEXAS (Marketwire - March 23, 2011) - Caza Oil & Gas, Inc. (the "Company") (TSX: CAZ) (AIM: CAZA) is pleased to announce the appointment of VSA Capital Limited as the Company's joint broker alongside Cenkos Securities plc.

For further information, please contact:

Caza Oil & Gas, Inc.

Michael Ford, CEO +1 432 682 7424

John McGoldrick, Chairman +1 832 573 1914/+44 7796 861 892

Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900 (London)

Beth McKiernan +44 131 220 6939 (Edinburgh)

VSA Capital Limited

Andrew Raca +44 (0)20 3005 5004

Malcolm Graham-Wood +44 (0)20 3005 5012

M: Communications

Patrick d'Ancona +44 20 7920 2330

Chris McMahon

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", "anticipation" and similar expressions.