Holding(s) in Company

May 26, 2011

CAZA OIL & GAS, INC.

Holdings in Company

HOUSTON, TEXAS (Marketwire - May 26, 2011) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) announces that it was informed on 26 May 2011 that as a result of purchases of a total of 3,000,000 common shares in the Company between 19th and 24th May 2011, the Junior Oils Trust now holds 14,000,000 shares in the Company representing 8.52 per cent. of the issued shares of the Company.

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)

Tavistock Communications

Ed Portman/Paul Youens +44 20 7920 3150