Effective May 2, 2013, Abzu Gold Ltd. announced the appointment of Mr. David Price as Chief Executive Officer of the company, who will be replacing Mr. Timothy McCutcheon who has resigned as a Director and the Chief Executive Officer of the company. In addition, Mr. Ross McDonald has resigned as the Chief Financial Officer of the company, and will be replaced by Mr. Wilson Soon. Mr. David Price is a seasoned and forward-thinking senior executive with more than 25 years of bankable experience in Project Finance and Funding, Investor Relations, M&A and major project execution and delivery experience, from concept to full commercial operation, of major resource development opportunities and utility grade power generation projects around the Globe.

Currently, Mr. Price is Country Manager, Canada for Stonehouse Mining Group as well as Corporate Communications Manager for KazaX Minerals Inc., and is well-versed in mining resource development with significant strength in economic analysis and valuation, project finance, financial and economic modeling, mine design and operation management.