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AZT.V ·

Aztec Minerals Commences Exploration Program at Cervantes Property

Exploration Programs

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

Aztec Minerals Commences Exploration Program at Cervantes Property

Vancouver, Canada – July 25 , 2017 - Aztec Minerals Corp. (AZT: TSX -V) announces it has

commenced the 2017 exploration program at the Cervantes property in Sonora State, Mexico. Work now

underway includes a more detailed review of historic drill d ata not previously released, as well as

additional geological mapping and geochemical rock and soil sampling of the main California gold

prospect and the Jasper copper-gold prospect area immediately west of the California gold prospect area.

The main goal of this work is to better define the extent of gold -copper porphyr y mineralization on

surface for the Phase 1 drill program which is expected to commence after the rain season ends in

September-October. Phase 1 drilling will primarily target the surficial oxide gold zone with minor copper

which overlies the main IP chargeability anomaly, interpreted to be a large body of porphyry copper-gold

mineralization.

A more detailed review of historic drill data obtained from Industrias Penoles S.A. de C.V., who drilled 9

core holes totaling 1590 meters in 1996 and 5 reverse circulation holes totaling 927 meters in 1997, has

revealed several long drill intercepts of gold mineralization . Highlights inc lude 0.40 gpt gold over 99.4

m, 0.43 gpt gold over 88.1 m and 0.41 gpt over 141.1 m as shown in the table below.

Hole From (m) To (m) Width (m) Au (gpt)

CAL-1

CAL-2

CAL-3

58.3

55.4

0.0

0.0

80.43

78.4

99.4

18.40

22.13

23.0

99.4

18.4

0.215

0.398

0.403

0.543

69.85 99.40 29.55 0.742

CAL-5

42.75

92.55

130.85

109.40

88.1

16.85

0.426

1.164

CAL-9

0.00

2.10

141.1

9.50

141.1

7.40

0.410

0.629

23.10 64.00 40.90 0.960

CLF-1 22.33 64.96 42.63 0.47

52.78 64.96 12.18 0.832

Aztec has an incomplete dataset of the Penoles results , this data is historic and has not yet been verified

by Aztec, therefore Aztec is not relying on this information and is using it only as a guide to its Phase 1

exploration program.

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

Recent mapping and interpretation suggests the main quartz feldspar porphyry intrusion and related gold -

copper mineralization dip steeply southeast whereas Penoles drilling assumed a northwest dip. New

mapping is focusing on quartz vein density and orientations which will be analyzed by stereonet software,

plotted, and utilized for drill targeting. A channel sampling program across the heart of the gold soil

anomaly over the California target will commence shortly, followed by exploration drill hole permitting.

The Jasper co pper prospect lies immediately west of the California gold prospect separated by a north -

south trending normal fault zone that appears to have dropped the west side down compared to the east

side. The main IP chargeability anomaly continues west across th e fault, suggesting that porphyry

copper-gold mineralization could continue to the west at depth. A 50m x 50m detailed soil survey was

completed last week over Jasper, augmenting and extending the California 50m x 50m survey.

Additionally, two known area s of copper oxide and gold mineralization were hand trenched over 10 to

20m width s through a complex mixture of highly fractured and silicious hornfels, meta sediments and

quartz feldspar porphyry . Trenching exposed numerous new areas of copper mineralizati on, including

neotocite and chryso colla saturation and localized chalcocite mineralization. A total of 60 rock chip and

channel samples were recently collected.

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

Joey Wilkins , B.Sc., P.Geo., is the Qualified Person who supervised the field work and approved the

technical disclosure in this news release. All samples, including certified standards and duplicates, have

been submitted to Bureau Veritas Laboratories in Hermosillo, Sonora.

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

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

Cervantes gold-copper property in Sonora, Mexico. Aztec’s shares trade under the symbol AZT on the

TSX-V.

Contact Information - For more information, please contact:

Joey Wilkins, President and CEO

Tel: (604) 685-9770

Fax: (604) 685-9744

Email: [email protected]

Website: www.aztecminerals.com (under construction)

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.

No stock exchange, se curities commission or other regulatory authority has approved or disapproved the

information contained herein.

Cautionary Note Regarding Forward-Looking Statements

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

reform act of 1995 and “forward -looking information” within the meaning of applicable Canadian securities legislation. Such

forward-looking statements and information herein include but are not limited t o statements reg arding Aztec’s anticipated

performance in 2017 and the future, including planned exploration and acquisition programs and budgets and the timing and

results of various activities. The Company does not intend to, and does not assume 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 activity, per formance or achievements of Aztec and its operations to be materially different from those

expressed or implied by such statements. 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 to

precious and base metals prices, operating or technical difficulties in mineral exploration, development and mining activities;

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

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

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

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

and such other assumptions and factors as set out herein. Although the Com pany has attempted to identify important factors that

could cause actual results to differ materially from those contained in forward -looking statements or information, there may be

other factors that cause results to be materially different from those ant icipated, described, estimated, assessed 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 could differ materially from those anticipated in such statemen ts or information. Accordingly, readers should not

place undue reliance on forward-looking statements or information.