Cortez Gold : Increases Private Placement

Vancouver, British Columbia - Cortez Gold Corp (TSXV:CUT) ("Cortez" or the "Company") announces that further to its press release of April 24, 2014, it has increased its non-brokered private placement by 47,000 units (the "Units"), for an aggregate of 387,000 units at a price of $0.50 per Unit, with gross proceeds of $193,500.

All other terms as previously announced remain unchanged.

The private placement is subject to Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

ON BEHALF OF THE BOARD
of Cortez Gold Corp.

(sgd.) "Robert Eadie"
Robert Eadie, President

For further information please contact:
Robert Eadie, President
Cortez Gold Corp.
Suite 750, 580 Hornby Street, Box 113
Vancouver, British Columbia V6C 3B6
Tel: [phone] • Fax: [phone]
Email: [e-mail]

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.