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AZT.V ·

Aztec Announces Appointment of Marcio Fonseca as Strategic Advisor

Management Changes

PO Box 55 T: 604-685-9770

Suite 1030 – 505 Burrard Street www.aztecminerals.com

Vancouver, BC V7X 1M5

Aztec Announces Appointment of Marcio Fonseca as Strategic Advisor

Vancouver, Canada – August 26, 2024 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the

“Company”) announces that it has strengthened its technical advisory board with the appointment of

Marcio Fonseca as Strategic Advisor to Aztec. Marcio Fonseca, P.Geo is a highly regarded mining executive

with an M.Sc. in Mineral Project Appraisal from the Imperial College, UK (Integrated with MBA Program)

and a Specialization In Economic Engineering (FDC Brazil).

Mr. Fonseca has 30+ years of professional experience across multiple commodities and jurisdictions with

large mining corporations and global investment banks. Mr. Fonseca's career achievements include direct

involvement in successful discoveries of Tier 1 deposits and developing mine operations in world -class

mining districts. He is renowned for his ability to identify, enhance, and develop opportunities within the

natural resource sector.

He previously served as VP of Corporate Development for SilverCrest Mines , focusing on successfully

turning around and expanding the flagship Santa Elena Mine. Notable accomplishments include his

instrumental role in orchestrating successful transactions such as the CAD$155M acquisition of SilverCrest

Mines by First Majestic Silver Corp in Mexico and spin-out of SilverCrest Metals – Las Chispas, Mexico.

Prior to SilverCrest, Mr. Fonseca served as the Division Director for Metals and Energy at Macquarie Bank,

where he played a pivotal role in business growth in North America focusing on delineating attractive

prospects for mining finance and development. His expertise in various jurisdictions encompasses all

phases of mineral asset development, and he has held senior corporate and operational & development

positions with Vale, Phelps Dodge, and Echo Bay Mines in Latin America.

More recently, Mr. Fonseca has created new ventures in Latin America and has extensive experience in

capital markets, strategic partnerships, mergers and acquisitions, and securing equity and debt financing

for natural resource projects on a global scale. He currently serves as President & COO of GR Silver.

Aztec Minerals’ President & CEO Simon Dyakowski commented: “Aztec is pleased to welcome Marcio to

the Technical Advisory team as Strategic Advisor at a juncture where the Company is now financed to

accelerate exploration and build on the discoveries made at both of our projects. His expertise in

corporate development in the natural resource sector complements our business and technical teams at

this exciting stage of Aztec’s growth trajectory.”

Mr. Fonseca commented: “I am excited to join Aztec Minerals as Strategic Advisors and look forward to

working with and supporting the Aztec team to fully unlock the value of the company’s projects. Having

recently visited the Tombstone Project, I am impressed by the attractive geological setting and potential

to define a Tier 1 precious and base metals deposit. I am very excited to become involved with Simon and

his team on Aztec’s current projects in Arizona and Mexico, and to further the Company’s vision to define

large precious and base metals mineral deposits at both projects.”

“Simon Dyakowski”

Simon Dyakowski, Chief Executive Officer

Aztec Minerals Corp.

About Aztec Minerals – Aztec is a mineral exploration company focused on two emerging discoveries in

North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico.

The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential

in southern Arizona. Aztec’s shares trade on the TSX -V stock exchange (symbol AZT) and on the OTCQB

(symbol AZZTF).

Contact Information - For more information, please contact:

Simon Dyakowski, President & CEO, Director

Tel: (604) 685-9770

Fax: (604) 685-9744

Email: [email protected]

Website: www.aztecminerals.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibilit y for

the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved

or disapproved the information contained herein.

Forward-Looking Statements:

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which

may include, without limitation, completing ongoing and planned work, statements relating to advancing the Tombstone Project,

drill and sampling results including additional potential work and results therefrom, the Company’s plans for its Tombstone

Project, potential for further expansi on of the mineralization at the Tombstone Project, expected results and outcomes, the

technical, financial and business prospects of the Company, its project and other matters . All statements in this n ews release,

other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-

looking statements. Although the Company believes the expectations expressed in such forward -looking statements are b ased

on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially

from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding

present and future business strategies and the environment in which the Company will operate in the future, including the price

of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adve rse

manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects

the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and

uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost

estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at

www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include,

but are not limited to, continued availability of capital and financing and general economic, market or business conditions,

adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and

authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of gold, silver

and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company

does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.