Aztec Completes Consolidation of Tombstone Gold-Silver District Land Package, Arizona — Key Land Holdings Have Grown More Than Six- Fold Since 2017
PO Box 55 T: 604-685-9770
Suite 1030 – 505 Burrard Street www.aztecminerals.com
Vancouver, BC V7X 1M5
Aztec Completes Consolidation of Tombstone Gold-Silver District Land
Package, Arizona — Key Land Holdings Have Grown More Than Six-
Fold Since 2017
• Final agreement signed to acquire certain parcels totalling approximately 241 acres of surface rights and
approximately 414 acres of mineral rights across thirty historic patented lode claims
• Tombstone land position has grown from ~398 acres at the original property option in December 2017
to approximately 2,500 acres of mineral and surface rights upon closing of this most recent transaction
• Entire multi-transaction consolidation program completed for approximately US$500,000 in cash —
approximately US$1,250 per surface acre, with no share dilution and no finder’s fees
Vancouver, British Columbia – August 26, 2026 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the
“Company”) announces that, through its wholly -owned subsidiary Aztec Minerals America Corp., it has signed a
definitive purchase and sale agreement (the “Agreement”) to acquire the final parcels of its Tombstone district land
consolidation program in Cochise County, Arizona. Upon closing, the Tombstone property will total approximately
2,500 acres across the heart of one of America’s most storied and prospective gold -silver districts — more than six
times the 398 acres of patented and unpatented claims under option when Aztec first came to the district in
December 2017.
The Agreement, with private vendors at arm’s length to the Company, covers certain parcels totalling approximately
241 acres of surface rights and 414 acres of mineral rights associated with various patented mining claims*, and
includes such historic patented lode claims as the Lucky Cuss, Old Guard, Owl’s Nest, Black Hawk, Grand Dipper, and
East Side for cash consideration of US$241,000. With respect to certain mineral -estate interests, the vendors are
conveying any and all of their right, title and interest. Closing is subject to customary conditions, including title
review and curative matters.
Aztec Minerals CEO Simon Dyakowski commented: “When we optioned Tombstone in December 2017, the project
covered 398 acres. Today, after years of strategic staking, claim purchases and the land consolidation program
completed with this agreement, our district position stands at approximately 2,500 acres — more than six times the
ground we started with. Our team consolidated that ownership, for a total cash outlay that we believe represents
exceptional value, and with surface access secured and the land pack age unified, we can now expand the modern,
systematic exploration in this district.”
Figure 1 – Tombstone Land Position: 2017 vs. Today
Consolidation Program Summary
The Agreement completes a series of transactions undertaken by the Company since late 2025:
• January 2026 (closed May 11, 2026) – Acquisition from private vendors of two key parcels adjacent to the
North Contention pit, together with any known and associated mineral -estate interests, for US$88,000,
including resolution of an active tax-lien foreclosure and multiple legacy encumbrances. First step-out
drilling on this newly acquired ground was reported in early August, headlined by 88.4 m averaging 1.42
g/t Au and 14.58 g/t Ag (1.69 g/t AuEq) in hole TR26-39 (please see news release dated August 5, 2026).
• May 2026 – Acquisition of approximately 90 acres of patented claims, including the Emerald, Bunker Hill,
Silver Plume, Verde and Revenue claims, through the purchase and subsequent foreclosure of a secured
promissory note (total cost approximately US$124,000).
• July 2026 – Settlement and release agreement with a 3rd party for US$25,000.
• The Agreement announced today, covering the remaining parcels for US$241,000 + back taxes.
Aggregate cash consideration for the program is approximately US$500,000, at an average of approximately
US$1,250 per surface acre. All transactions were arm’s-length; no shares were issued and no finder’s fees were paid.
By comparison, the Company paid a pproximately US$3,360 per acre for the Westside patented claim in May 2023
and approximately US$1,750 per acre for the Alps and Minett claims in 2020.
Growth of the Tombstone Land Position
Date Milestone Cumulative Land
position
December 2017 Original option — ~374 acres of patented + ~24 acres of
unpatented claims, including the historic Contention Mine
398 acres
September 2020 Alps & Minett patented claims (~21 acres) purchased; 17
unpatented claims staked (~340 acres)
760 acres
March 2021 Morning Star, Wide West & Trinity patented claims purchased
(~40 acres)
800 acres
May 2023 Westside patented claim purchased (~18 acres) 818 acres
March 2024 25 unpatented claims staked (~500 acres) 1,318 acres
May 2025 31 unpatented claims staked (~620 acres) 1,938 acres
May 2026 Consolidation closings — ~70 acres of surface rights and 58 acres
of mineral rights associated with patented claims adjacent to the
North Contention pit and 90 acres of surface and mineral rights
associated with patented claims via trustee sale
2,086 acres
August 2026 The Agreement announced today — ~241 acres of surface rights
and 414 acres of mineral rights associated with various patented
mining claims
2,500 acres
Ownership Structure
All acquisitions under the consolidation program were made by Aztec’s wholly -owned subsidiary, Aztec Minerals
America Corp. Aztec’s Tombstone Joint Venture partner, Dragoon Resources LLC, has contributed its 15% share of
acquisition costs for all completed acquisitions under the program, which accordingly form part of the Tombstone
Joint Venture (85.0% Aztec / 15.0% Dragoon). With respect to the parcels covered by the Agreement announced
today, Dragoon holds a 60 -day right to participate on the same basis, which the Company expects to be exercised;
the Company will confirm the final owne rship structure in due course. Should the participation right not be
exercised, the parcels will be retained 100% by Aztec, adjoining the Tombstone Joint Venture property.
*Note that in the USA Split Estate (Mineral, Surface) Ownership of property can occur. The majority of the Tombstone Project
includes combined mineral and surface rights, with certain claims having split surface and mineral rights.
Land position figures reflect the Company’s current compiled land tenure database and may differ from figures reported in
earlier news releases due to claim lapses and re-stakings, boundary surveys, split-estate (mineral/surface) accounting and
differences in compilation methodology.
Exploration Momentum on the Acquired Ground
The consolidation is translating directly into exploration results. The North Extension Zone step-out drilling reported
on August 5, 2026 — highlighted by 88.4 m averaging 1.42 g/t Au and 14.58 g/t Ag (1.69 g/t AuEq) in TR26-39 — was
drilled on ground acquired under the consolidation program (please see news release dated August 5, 2026). Ninety
RC holes have been completed in the 2025 –2026 program; assay results are pending for holes TR26 -40 to TR26-50
and are expected in the coming weeks. Results are exp ected to be incorporated into the Project’s maiden mineral
resource estimate expected in the fourth quarter of 2026. Metallurgical test work is underway at Kappes, Cassiday
& Associates, a firm specializing in providing process metallurgical services to t he international mining industry,
located in Reno, Nevada.
Tombstone Project Overview
Aztec Minerals holds an 85.0% interest in the Tombstone Property Joint Venture, which includes most of the original
patented mining claims in the main district as well as some recently acquired properties.
The Tombstone project is located 100 kilometers (km) southeast of Tucson, Arizona and covers much of the historic
Tombstone silver district. Tombstone is renowned for its high grade, oxidized, silver-gold mesothermal stringer lode
veins, hydrothermal brecc ias and manto CRD orebodies that were mined in the late 1800’s and early 1900’s. The
historic silver production in the Tombstone district from 1878 to 1939 was estimated at 32 million ounces and
250,000 ounces of gold**.
Aztec believes that the historic silver mines at Tombstone could be related to a much larger mesothermal system
with CRD mineralization below the old mines. Since 2017, Aztec has completed geological mapping, geochemical
sampling and geophysical surveying to identify the most prospective areas for Au -Ag mineralization around and
below the Contention open pit, and CRD zinc -lead-copper-silver-gold mineralization below the entire district. Aztec
management views the district as highly prospective for the disco very of mesothermal and CRD mineralization.
** Aztec has not verified these historic results and is not relying on them. Aztec has in its possession the historic drill l ogs, maps
and reports but does not have any information on the quality assurance or quality control measures taken in connection wi th
these historical exploration results. Reference: Greeley, Michael N., A Brief History and Review of Ore Grades and Production in
the Tombstone Mining District with Emphasis on the Contention Mine Area, June 1984.
The scientific and technical information contained in this news release has been reviewed and approved by Allen
David Heyl, B.Sc., CPG – AIPG No.11277, VP Exploration of Aztec, a Qualified Person under NI43 -101. Mr. Heyl
supervises the Tombstone exploration programs.
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 C RD 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 the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility 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, completion of the acquisition contemplated by the Agreement and the satisfaction of closing
conditions, the anticipated participation of the Company’s joint venture partner, the anticipated maiden mineral
resource estimate, drill and sampling results includin g additional potential work and results therefrom, the
Company’s plans for its Tombstone Project, potential for further expansion 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 news 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 based 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 an d 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 adverse 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 interpret ation 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, decrease in the price of gold, silver and other metals, increase
in costs, litigation, and failure of counterpart ies to perform their contractual obligations. The Company does not
undertake to update forward‐looking statements or forward‐looking information, except as required by law.