Holding(s) in Company

March 23, 2011

Caza Oil & Gas, Inc.

CAZA OIL & GAS

HOLDINGS IN COMPANY

HOUSTON, TEXAS (Marketwire - March 23, 2011) - Caza Oil & Gas, Inc. (the "Company") (TSX: CAZ) (AIM: CAZA) has announced today that it was informed on 23 March 2011, that following a purchase of 1,739,131 ordinary shares in the Company on 22nd and 23rd March 2011, the Junior Oils Trust now holds 11,000,000 shares representing 6.7% of the issued share capital of the Company.

For further information, please contact:

Caza Oil & Gas, Inc.

Michael Ford, CEO +1 432 682 7424John McGoldrick, Chairman +1 832 573 1914/+44 7796 861 892

www.cazapetro.com 

Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900Beth McKiernan +44 131 220 6939

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