Cortez Closes $1M Financing

* Reuters is not responsible for the content in this press release.

Thu Jul 30, 2009 10:01am EDT 

  VANCOUVER, BRITISH COLUMBIA, Jul 30 (MARKET WIRE) -- 
Cortez Resources Corp. ("Cortez") (TSX VENTURE: CUT) announced today that
it has closed a $1 million financing (the "Offering"). The Offering
consisted of 5 million common shares priced at $0.20 per share. As agent
for the Offering, Jordan Capital Markets Inc. received a cash commission
of $36,640, in addition to a corporate finance fee.

    The Offering represents the first tranche of the funds required to
complete Cortez's previously-announced proposed Qualifying Transaction,
involving the acquisition of various mineral claims in Nevada held by two
wholly-owned subsidiaries of Seabridge Gold Inc. ("Seabridge"). 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".

    All securities issued are subject to a hold period of four months in
accordance with the rules and policies of the Exchange and applicable
Canadian securities laws.

    ON BEHALF OF THE BOARD of Cortez Resources Corp.

    Robert Eadie, President & CEO


 
 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.

Contacts:
Cortez Resources Corp.
Robert Eadie
President and CEO
(604) 602-4935
(604) 602-4936 (FAX)
info@cortezresources.com

Copyright 2009, Market Wire, All rights reserved.

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