Completion of Placing

July 4, 2014

CAZA OIL & GAS, INC. COMPLETION OF PLACING

HOUSTON, TEXAS (Marketwire - July 4, 2014) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ) (AIM:CAZA) is pleased to announce that it has completed the placing of 32,679,739 common shares (the "Placing Share") at a price of £0.18 per share (approximately C$0.33) for gross proceeds of approximately US$10 million (approximately £5.9 million and C$10.7 million) from investors in the United Kingdom. The Placing was conditionally announced on July 1, 2014. The Placing Shares were placed by Cenkos Securities plc. Admission to trading on AIM occured at 8:00 am (London, England time) today.

The Placing Shares represent approximately 13.8% of the Company's enlarged share capital. Prior to November 5, 2014, the Placing Shares cannot be resold or transferred into Canada or to or for the benefit of a resident of Canada on or through the facilities of the Toronto Stock Exchange or otherwise.

For further information, please contact:

Caza Oil & Gas, Inc.

Michael Ford, CEO +1 432 682 7424

John McGoldrick, Chairman +65 9731 7471 (Singapore)

Cenkos Securities plc

Beth McKiernan +44 131 220 9778 (Edinburgh)

Neil McDonald +44 131 220 6939 (Edinburgh)

Vigo Communications

Chris McMahon +44 20 7016 9570

Patrick d'Ancona

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.