RNS Release - Senior Management Appointment

November 7, 2011

Caza Oil & Gas, Inc.

Senior Management Appointment

HOUSTON, TEXAS (Marketwire - November 7, 2011) - Caza Oil & Gas, Inc. (the "Company" or "Caza") (TSX: CAZ) (AIM: CAZA) the U.S. focused exploration, appraisal, development and production company, is pleased to announce the appointment of Randy Nickerson to the position of Vice President, Exploration.

Reporting directly to Chief Executive Officer, Michael Ford, Randy will provide leadership and management of all Company technical activities.  Randy joins Caza from Sanchez Oil & Gas where he began as Chief Geophysicist before becoming Sanchez's Vice President, Exploration.  While at Sanchez he managed the exploration and production group, which acquired and processed over 2,000 square miles of new 3D data and drilled 30 wells in 2010 (both operated and non-operated), which resulted in 25 discoveries in both conventional and shale plays onshore Texas and Louisiana.  He also developed Sanchez's G&G software and hardware system, including full seismic processing, instituted the technical standards for work flow on prospect development, and designed the gather conditioning processing flow to optimize AVO analysis.

After receiving his Bachelors in Geophysical Engineering from the Colorado School of Mines, Randy began work with Gulf Exploration & Production Company and has also worked for Amerada Hess Corporation, North Central Oil Corporation, Coastal Oil & Gas Corporation and Dominion Exploration & Production throughout his career.  Randy has a track record of success across the US in processing, reprocessing and interpreting 3D seismic data and AVO analysis resulting in producing discoveries, and the last six years of his experience have been focused on Louisiana and Texas.

W. Michael Ford, Chief Executive Officer commented:

"Randy Nickerson is an outstanding appointment for Caza at an important stage in our Company's growth.  His direct and relevant experience in onshore Texas and Louisiana with processing, reprocessing and interpreting 3D seismic data and AVO analysis will enable him to make an immediate contribution to Caza's ongoing exploration and production activities, and his strong management skills will directly impact the Company's ambitions for growth."

About Caza

Caza 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.: Texas and Louisiana Gulf Coast (on-shore), and the Permian Basin (West Texas and Southeast New Mexico).

For further information, please contact:

Caza Oil & Gas, Inc.

Michael Ford, CEO                                           +1 432 682 7424

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

Cenkos Securities plc

Jon Fitzpatrick                                          ;          +44 20 7397 8900 (London)

Beth McKiernan                                         & #160;     +44 131 220 6939 (Edinburgh)

M: Communications

Patrick d'Ancona                                         &# 160;    +44 20 7920 2330 (London)

Chris McMahon

ADVISORY REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws.  Such information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "schedule", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "intend", "could", "might", "should", "believe", "develop", "test", "anticipation" and similar expressions.

For more exhaustive information on these risks and uncertainties you should refer to the Company's most recently filed annual information form which is available at www.sedar.com and the Company's website at www.cazapetro.com.  You should not place undue importance on forward-looking information and should not rely upon this information as of any other date.  While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as may be required by securities laws.