Holding(s) in Company

June 7, 2011

CAZA OIL & GAS, INC.

Holdings in Company

HOUSTON, TEXAS (Marketwire - June 7, 2011) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) announces that it was informed on June 6, 2011 that as a result of purchases of 1,000,000 common shares in the Company on June 2, 2011, the Junior Oils Trust now holds 15,000,000 shares in the Company representing 9.1 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)