Statement on Price Movement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

March 4, 2016

Caza Oil & Gas, Inc.

CAZA OIL & GAS STATEMENT ON PRICE MOVEMENT

HOUSTON, TEXAS (Marketwire - March 4, 2016) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) has noted the rise in the Company's share price and is not aware of any reason for such movement.

For further information, please contact:

Caza Oil & Gas, Inc.

Michael Ford, CEO +1 432 682 7424 (Midland)

Richard R. Albro, VP +1 832 381 3853 (Houston)

Cenkos Securities plc

Neil McDonald +44 131 220 6939 (Edinburgh)

Beth McKiernan +44 131 220 9778 (Edinburgh)

VIGO Communications

Chris McMahon +44 20 7016 9570

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

This news release is not for dissemination in the United States or to any United States news services. The new Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be sold or offered for sale in the United States absent registration with the U.S. Securities and Exchange Commission except pursuant to an applicable exemption from registration thereunder, in each case in accordance with the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.