Cortez Receives Conditional Approval for Proposed Qualifying Transaction With Seabridge Gold and Files Filing Statement

Abstract

(Marketwire - Nov. 2, 2009) - Cortez Gold Corp. (TSX VENTURE:CUT.P) ("Cortez") announces that the TSX Venture Exchange has conditionally approved its proposed Qualifying Transaction which involves the acquisition of various mineral claims in Nevada (the "Proposed Acquisition") held by Seabridge Gold Inc.'s wholly-owned subsidiaries, Seabridge Gold Corporation and Pacific Intermountain Gold Corporation. Seabridge is listed on the Toronto Stock Exchange (symbol "SEA") and on the New York Stock Exchange - AMEX (symbol "SA"). Cortez is a capital pool company listed on the TSX Venture Exchange (the "Exchange") under the trading symbol "CUT".