Abzu Gold Ltd. and Abzu Resources Ghana Limited announced that it has entered into a termination and release agreement with Red Back Mining Ghana Limited dated January 31, 2014, pursuant to which the ten option agreements entered into with Red Back on June 24, 2011 have been terminated. In conjunction with the Termination and Release Agreement, the Company and Red Back have also entered into a transfer and royalty agreement dated January 31, 2014, pursuant to which Abzu will retain the rights to two of the licenses, Yameriga and Nangodi, previously optioned in the Option Agreements. As consideration for these acquisitions, Abzu has granted a 2% net smelter royalty, payable in cash, on the sale of any minerals or products mined from the Yameriga and Nangodi licenses, to Red Back.