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AZT.V ·

Aztec Minerals Extends Term of Warrants

Share Capital & Compensation

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

Aztec Minerals Extends Term of Warrants

Vancouver, Canada – September 20, 2019 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec”

or the “Company”) is pleased to announce that it has applied to the TSX Venture Exchange (the

“Exchange”) to extend the term of an aggregate of 2,551,250 common share purchase warrant s (the

“Warrants”) by one year from October 21, 2019 to October 21, 2020. The Warrants were issued pursuant

to a non -brokered private placement (the “Private Placement”) that closed on October 21, 2016. Each

Warrant entitles the holder to acquire one common share in the capital of the Company (a “Common

Share”) at an exercise price of $0.25 per Common Share until the current expiry date of October 21, 2019.

An aggregate of 23,750 Warrants have been exercised to date and 550,000 Warrants are held, directly or

indirectly, by insiders of the Company. The extension of the term of the Warrants for an additional year is

subject to the acceptance of the Exchange.

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

deposits in the Americas. Our core assets include the prospective, district scale Cervantes porphyry gold-

copper property in Sonora, Mexico, and the Tombstone CRD silver -gold-lead-zinc-copper district in

Arizona. The Company board and management have successful track records of value creation through

discovery, development and production in the mining sector. Aztec’s shares trade on the TSXV (symbol

AZT) and on the OTCQB (symbol AZZTF).

Contact Information - For more information, please contact:

Joey Wilkins, President / CEO or Bradford Cooke, Chairman

Tel: (604) 685-9770

Fax: (604) 685-9744

Email: [email protected]

Website: www.aztecminerals.com

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, securities 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 th e meaning of applicable Canadian securities legislation. Such

forward-looking statements and information herein include but are not limited to statements regarding the extension of the term

of the Warrants and the Exchange’s acceptance of the Company’s app lication to extend the term of the Warrants. 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, performance or achievements of Aztec and its operations to be materially different from th ose

expressed or implied by such statements. Suc h factors include, among others, changes in national and local governments,

legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks

due to precious and base metals prices, operating or technical difficulties in mineral exploration, development and mining

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exp loration 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 believes to be reasonabl e, 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 Company 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 anticipated, described, estimated, assessed or intende d.

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 statements or information. Accordingly, readers should n ot

place undue reliance on forward-looking statements or information.