CAZA.L Regulatory News (CAZA)

June 22, 2011

Caza Oil & Gas, Inc.

Directorate Changes and Notice of AGM

HOUSTON, TEXAS (Marketwire - June 22, 2011) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA), the U.S focused exploration, appraisal, development and production company, announces that the notice of its annual general meeting has today been posted to shareholders. The annual general meeting will be held at 10 a.m. on July 12, 2011 at Caza Oil & Gas' offices, Suite 200, 10077 Grogans Mill Rd., The Woodlands, Texas 77380.

John Rooney, non-executive director of the Company, has informed the Company of his intention not to stand for re-election and to resign from the Board. His resignation will be effective as of July 12, 2011. The Board of Directors of Caza Oil & Gas has nominated David McManus to stand for election as a non-executive director of the Company. Subject to shareholder approval, David McManus' election will become effective at the Company's annual general meeting currently scheduled for July 12, 2011.

David McManus, aged 57, is a petroleum engineer with over 35 years experience in the Oil and Gas industry. In this time, he has worked for companies including Shell, Ultramar, ARCO and BG group. He has extensive Project Management and commercial expertise at a high level, and is currently a Director of Cape plc, Pioneer Natural Resources UK and Rockhopper Exploration plc. David has a first class honours degree in Civil Engineering from Heriot Watt University.

AIM Rules disclosure under Schedule 2(g) of the AIM Rules

There is no other information that is required to be disclosed with regards to the proposed appointment pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:

Current directorships for Mr. McManus:

Cape plc

Pioneer Natural Resources UK Limited

Rockhopper Exploration plc

Previous directorships of Mr. McManus within the past five years:

None

John McGoldrick, Chairman of Caza Oil & Gas commented:

John Rooney has made a great contribution to Caza Oil & Gas over the last five years. I would like to thank him for his tireless work for the Company and to wish him all the best in the future.

I am delighted to announce that David McManus will stand for election to the Board. He has a wealth of international business experience obtained during a long and successful career with some of the industry's most high profile companies. David's addition to the Board would reinforce our commitment to the highest standards of corporate governance, informed by outstanding industrial experience.

For further information, please contact:

Caza Oil & Gas, Inc.

John McGoldrick, Chairman +1 832 573 1914/+44 7796 861 892

Michael Ford, CEO +1 432 682 7424

Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900 (London)

Beth McKiernan +44 131 220 6939 (Edinburgh)

M: Communications

Patrick d'Ancona +44 20 7920 2330 (London)

Chris McMahon

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