Further to its press release of December 2, 2013, Cortez Gold Corp. (TSX
VENTURE:CUT) ("Cortez" or the "Company") announces that it has entered into
agreements with various lenders for a debt facility in the aggregate amount of
US$2 million (the "Loan"), which funds have now been advanced to the Company. No
payments are required on the Loan, which has a 24-month term, until after the
18th month following the effective date of disbursement of the Loan funds. After
the 18th month, a payment of interest only will be due and payable (covering
interest for the 18 months that the Loan will have been outstanding), and
interest payments shall continue thereafter on a monthly basis until the end of
the term. At the end of the term, the principal amount plus any outstanding
interest will be due and payable. 


The proceeds from the Loan are earmarked towards completing construction of the
Company's gold and silver processing plant in Matehuala, Mexico (the "Altiplano
Plant"), which is owned by the Company's Mexican subsidiary, Altiplano
Goldsilver S.A. de C.V. The Loan is secured by a first priority interest and
mortgage on the Altiplano Plant and equipment in favour of the lenders on a pari
passu basis.


The TSX Venture Exchange has granted conditional acceptance for the Loan,
including granting the lenders a one-quarter warrant ("Warrant") which will
attach to every dollar of debt, each whole Warrant entitling the holder to
acquire one common share of Cortez at $0.40 per share for a period of two years.
At the Company's option, the Warrants may be subject to accelerated expiry
should the common shares of the Company close at a minimum of $0.60 for a period
of twenty (20) consecutive trading days on the TSX Venture Exchange. A total of
500,000 warrants have been issued to the lenders pursuant to the loan
agreements, with a hold period of four months and one day from the date of
closing.


ON BEHALF OF THE BOARD of Cortez Gold Corp. 

Robert Eadie, President 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robert Eadie, President
Cortez Gold Corp.
(604) 602-4935
(604) 602-4936 (FAX)
info@cortezgoldcorp.com