Cortez Gold : Approves Advance Notice Policy

July 28, 2014
Cortez Approves Advance Notice Policy

Vancouver, British Columbia... Cortez Gold Corp. (the "Company") announced today the approval by its board of directors (the "Board") on July 18, 2014 of an advance notice policy (the "Policy") which includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.

Additionally, the Policy sets a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the Company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days nor more than 65 days prior to the date of the annual meeting. However, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting) notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The Policy is effective as of the date it was approved and will remain in effect until the Company's next annual general meeting of the shareholders (the "Meeting") to be held on September 25, 2014. If this Policy is not approved by ordinary resolution of shareholders of the Company who are present in person or voting by proxy at the Meeting, then this Policy shall terminate and be void and of no further force and effect following the termination of such meeting of shareholders.

The full text of the Policy will be made available via SEDAR at www.sedar.com.

About Cortez Gold Corp.

Cortez Gold Corp. is a Canadian precious metals production company, incorporated in 2007, headquartered in Vancouver, with operations in Mexico. Cortez Gold is focused on efficient operations, strategic and accretive acquisitions, and financial strength. Cortez Gold offers a low-risk gold processing business model that will generate cash flow, and provide low processing charges and efficient payment schedules to compete with larger scale smelters. Cortez Gold will grow as a company dedicated to high standards of corporate governance and sustainability. Visit www.cortezgoldcorp.com for more information.

ON BEHALF OF THE BOARD
of Cortez Gold Corp.

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

For further information please contact:
Robert Eadie, President
Tel: [phone] • Fax: [phone]

Sarah Haney, Investor Relations
Tel: [phone]
Toll-Free: 1-866-602-4935
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.

You can view the Previous News Releases item: Wed Jun 11, 2014, Cortez Provides Altiplano Construction Update page, or press the Back button on your browser.