VANCOUVER - Aztec Minerals Corp. (TSXV: AZT) (OTCQB: AZZTF) announces that recent drilling has intersected gold mineralization in a 350 metre step-out north of the California zone at the southern edge of the California North Target, returning 24.3 metres grading 0.315 gpT Au and 6.1 metres grading 1.649 gpT Au with quartz feldspar porphyry intrusion.

At the Jasper target, widespread visible copper oxides and secondary sulfides were observed with a quartz feldspar porphyry intrusion some 600 m west of the California Zone, including gold mineralization grading 0.332 gpT Au over 9.1 metres.

Additional drill results at the California target continue to return broad gold mineralization from the 2022 RC drill program on the Cervantes property located in Sonora, Mexico. Results for hole CAL22-015 returned 68.4 metres grading 0.421 gpT Au and CAL22-016 returned 56.2 metres grading 0.475 gpT Au. The first multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, with prospective grades and widths for Cu and Ag for a potential porphyry deposit model.

California and Jasper Zone Drill Highlights

9.1 metres of 0.332 gpT Au and 150 metres with visible Copper oxides and secondary sulfides in mineralized quartz feldspar porphyry intrusive, sediments and hydrothermal breccias in JAS22-001, as a 180 m step-out in the Jasper target to the southwest of the 2018 drilling.

24.3 metres of 0.315 gpT Au and 6.1 metres of 1.649 gpT Au in mineralized quartz feldspar porphyry, sediments and hydrothermal breccias in CAL22-017, as a 350 m step-out north onto the southern edge of the California North target.

0.421 gpT Au over 68.4 m in mineralized porphyries and hydrothermal breccias in CAL22-015 located at the southern edge of the eastern portion of the mineralized zone

0.475 gpT Au over 56.2 m in mineralized porphyries and hydrothermal breccias in CAL22-016, located at the northern edge of the eastern portion of the mineralized zone

The primary focus of the Phase 2 RC drill program at Cervantes is to expand the previously drilled California zone by completing two drill hole fences parallel to and on either side of the 2017-18 Phase 1 drill hole fence. To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization with minor copper oxides.

About Aztec Minerals

Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. Aztec also has control of the historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Contact:

Simon Dyakowski

Tel: (604) 619-7469

Fax: (604) 685-9744

Email: simon@aztecminerals.com

Web: www.aztecminerals.com

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'expects' or 'it is expected', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements.

Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

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