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AZT.V ·

Aztec Management Update

Management Changes

301 – 700 West Pender St, Vancouver, BC, V6C 1G8, Canada     Tel. 604.685.9770     Fax. 604.685.9744 

Aztec Management Update

Vancouver, Canada – May 18, 2017 - At the request of IIROC, Aztec Minerals Corp. (AZT: TSX-V)

(the “Company”) wishes to confirm that the Company’s management is unaware of any material change

in the Company’s operations that would account for the recent increase in market activity.

About Aztec Minerals – Aztec is a mineral exploration company focused on the discov ery of large

porphyry gold-copper deposits in the Americas. Our first projec t and core asset is the prospective

Cervantes gold-copper property in Sonora, Mexico.

Contact Information - For more information, please contact:

Stewart Lockwood, Director and Corporate Secretary

Tel: (604) 685-9770

Fax: (604) 685-9744

Email: [email protected]

Website: www.aztecminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory au thority has approved or disapproved the

information contained herein.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “f orward-looking statements” within the meaning of the United States private securities litigation

reform act of 1995 and “forward-looking information” within th e meaning of applicable Canadian s ecurities legislation. Such

forward-looking statements and information herein include but are not limited to st atements regarding the trading of Aztec’s

common shares on the TSXV, and Aztec’s anticipated performance in 2017 and the fu ture, including planned exploration and

acquisition programs and budgets and the timing and results of various activities. Aztec does not intend to, and does not assum e

any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the

actual results, level of activi ty, performance or achievements of Aztec and its operations to be materially different from thos e

expressed or implied by such statemen ts. Such factors include, among others, changes in national and local governments,

legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due t o

precious and base metals prices, ope rating or technical difficulti es in mineral exploration, development and mining activities;

risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and

development, risks in obtaining necessary licenses and permits, and challenges to Aztec’s title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the

continued operation of Aztec’s exploration operations, no material adverse change in the market price of commodities, and such

other assumptions and factors as set out he rein. Although Aztec has attempted to identi fy important facto rs that could cause

actual results to differ materially from t hose contained in forward-looking statements or information, there may be other facto rs

that cause results to be materially different from those anticip ated, described, estimated, asse ssed or intended. There can be no

assurance that any forward-looking statements or information will prove to be accurate as actual results and future events coul d

differ materially from those anticipated in such statements or information. Acco rdingly, readers should not place undue reliance

on forward-looking statements or information.