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Press release from Marketwire

Caza Oil & Gas Announces Director and Officer Share Dealings

Thursday, December 13, 2012

Caza Oil & Gas Announces Director and Officer Share Dealings02:00 EST Thursday, December 13, 2012HOUSTON, TEXAS--(Marketwire - Dec. 13, 2012) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) announces that the Company has granted on December 4, 2012, a total of 5,660,000 share options (the "Share Options") to certain directors, officers and employees under the Caza share option plan. The Share Options have been granted to directors and officers as follows:Director/OfficerNumber of Caza Share Options grantedNumber of Caza Share Options previously heldNumber of Caza Share Options held following the option grantJohn McGoldrick (Chairman)300,0001,200,0001,500,000W. Michael Ford (CEO, President)650,0001,350,0002,000,000Russell Porter (Non-Executive)300,000900,0001,200,000Cornelius Dupre' (Non-Executive)300,000900,0001,200,000David McManus (Non-Executive)300,000500,000800,000Randy Nickerson (VP Exploration)750,0001,000,0001,750,000Anthony Sam (VP Operations)500,0001,250,0001,750,000Richard Albro (VP Land)500,0001,250,0001,750,000James Markgraf (VP, Chief Financial Officer)500,0001,225,0001,725,000In addition to the Share Options granted to directors and officers, a further 3,810,000 Share Options have been granted to certain employees of Caza.The Share Options will vest in tranches of one-third of the grant each year over the first three years from the date of grant and may be exercised at any time from December 4, 2013 until December 4, 2022 at an exercise price equivalent to 17.6 pence per option. Following the grant of the Share Options, the total number of options outstanding over ordinary shares in the Company is 16,900,000, which represents 10.3% of Caza's current issued share capital.About CazaCaza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore).FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Caza Oil & Gas, Inc.Michael FordCEO+1 432 682 7424Caza Oil & Gas, Inc.John McGoldrickChairman+65 9731 7471 (Singapore)Cenkos Securities plcJon Fitzpatrick+44 20 7397 8900 (London)Cenkos Securities plcNeil McDonald+44 131 220 6939 (Edinburgh)VSA Capital LimitedAndrew Raca+44 20 3005 5004VSA Capital LimitedMalcolm Graham Wood+44 20 3005 5012M:CommunicationsPatrick d'Ancona+44 20 7920 2330M:CommunicationsChris McMahon+44 20 7920 2330