Aztec Minerals Intersects 0.77 grams per tonne Gold over 160.0 meters including 1.04 gpt Gold over 80.0 m at Cervantes Property, Sonora, Mexico

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

Aztec Minerals Intersects 0.77 grams per tonne Gold over 160.0 meters

including 1.04 gpt Gold over 80.0 m at Cervantes Property, Sonora, Mexico

Vancouver, Canada – April 24, 2018 - Aztec Minerals Corp. (AZT: TSX -V, OTCQB: AZZTF) continues to

intersect long intervals of porphyry -type gold (copper, silver) mineralization at the California Target on

the Cervantes property in Sonora, Mexico. Drill hole 18CER010 intersected 160.0 metres (m) grading 0.77

grams per tonne (gpt) gold, 0.125% copper and 3.4 gpt silver, including a higher grade intercept assaying

1.04 gpt Au, 0.11% Cu, and 4.0 gpt Ag over 80.0 m starting at a down hole depth of 4.0 m. (see Cervantes

drill location map here)

President and CEO Joey Wilkin s stated: “Hole 18CER010 is the best w e’ve seen th us far at Cervantes as

part of our Phase 1, 17 hole, 3,000 m drill program. These positive drill results, combined with our recent

land acquisition that expanded the property six -fold to 3,619 hectares and added several new porphyry-

type gold-copper targets, significantly enhance the potential of the Cervantes Property.”

Drill Results Table

From To Interval Gold Copper Silver

Hole

No. (m) (m) (m) (gpt) (%) (gpt)

9 0 56 56 0.20 0.04 1.5

0 104 104 0.16 0.03 1.2

10 0 160 160 0.77 0.13 3.4

4 84 80 1.04 0.11 4.0

30 58 28 1.77 0.13 5.8

42 118 76 0.78 0.20 3.8

140 144 4 5.56 0.08 3.6

11 0 166 166 0.28 0.09 2.4

6.5 25.5 19 0.47 0.03 3.7

92.5 156 63.5 0.36 0.09 2.2

Drill holes were oriented to cross the most prominent structures seen in outcrops so cor e lengths reflect

the approximate interpreted true width of the California zone mineralization . One sample in hole

18CER010 had a value of 183.8 gpt Ag but was capped at 20.5 gpt Ag by statistical analysis. No other

sample results required capping.

Brief hole-by-hole descriptions follow below.

18CER009: California Zone—Southern edge of gold geochemical anomaly

0-105.6m, Quartz Feldspar Porphyry and QFP polymictic clast breccia , moderate to strong hematite and

goethite, moderate quartz veinlets and stockworks, silicification, sericite, clay and chlorite alteration,

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

patches of sulphide from 59.0m to 105.6 m, pyrite, sparse chalcopyrite, rare chalcocite. 105.6m-160.0m

contains fractured and brecciated quartzite with mi nor siltstone, intervals of strong h ematite-goethite,

quartz veinlets, hornfels with possible biotite, weak disseminated vein pyrite with quartz, calcite, chlorite,

traces of molybdenite.

18CER010: California Zone—Center of gold geochemical anomaly

0-205.6m, QFP initial 54m followed by complex mixture of intrusive and matrix supported breccias,

quartz veins, silicification, sericite, chlorite, tourmaline, tremolite, sparse late stage calcite. Oxidized to

23.5m then pervasive dissem, vein, and replacement style sulphide, largely pyrite and overprinting early

stage fg chalcopyrite, upper zones of chalcocite to roughly 130m, sulphide content ranges from 2 to 15%

with occasional 5-10cm massive veins. 5.2m diorite dyke at 94.9m which has 1.5% disseminated pyrite,

clay-chlorite alteration. Lowermost 2.0m consists of pyritic hornfels with quartz stockworks.

18CER011: California Zone—Center of gold geochemical anomaly

0-64.5m, Quartz Feldspar Porphyry breccia, abundant fragments of quartzite and hornfels, quartz veinlets

and stockworks, argillic to phyllic alteration , oxidized to goethite, jarosite, and hematite, minor

tourmaline, patches of residual sulphide to 3%, pyrite, chalcocite, and chalcopyri te, minor chrysocolla.

Increasing sulphides at 41m, prominent at 51m to 7 -8% total, minor chalcopyrite (<1%) with chalcocite

coatings. 64.5 to 75.8m late diorite dyke with strong clay and sericite alteration, 1-2% disseminated pyrite,

occasional veinlets, sparse chalcocite. 75.8 to 170.8m QFP breccia, clast supported intrusive and

sedimentary clasts, intrusive and chlorite-sericite-tourmaline-sulphide matrix, 5 -8% total sulphide, 0.5 -

1.0% chalcopyrite, pyrite.

Joey Wilkins, B.Sc., P.Geo., is the Qualified Person who reviewed and approved the technical disc losures

in this news release. All core samples were split in half, placed into plastic bags, labeled with sample

number, closed with zip ties, and placed in rice sacks. Samples were typically collected in 2.0m intervals

with occasional exceptions of 2.1m to 4.35m intervals due to lower core recovery. Blanks, duplicates, and

3 different certified standards were inserted into the sample stream and subsequently reviewed without

any outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo

and analyzed for gold using a 30gram sample by fire assay fusion with AAS finish. Samples were shipped

to Vancouver and analyzed with a 0.25gram sample using 4 -acid ICP -MS providing analysis on 36

elements.

The Cervantes Property is held under an option to purchase agreement with Kootenay Silver Inc. (TSX -

V:KTN) whereby Aztec can acquire up to 100% interest in the property in two stages. Additional

information can be found on our website.

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. The second project is the district-scale historic Tombstone properties

in Cochise County, Arizona. Aztec’s shares trade on the TSX -V stock exchange under the symbol AZT and

on the OTCQB under the symbol AZZTF.

Contact Information - For more information, please contact:

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

Neil MacRae, Vice President, Investor Relations

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 the meaning of applicable Canadian securities legislation. Such

forward-looking statements and information herein include but are not limited to statements regarding Aztec’ s anticipated

performance in 2018 and the future, including receipt of regulatory approval of the Option Agreement, the exercise of the option

on the Tombstone properties, the planned exploration activities on the Cervantes and Tombstone properties, receipt of assay

results from drilling on the Cervantes property, the completion of further drilling on the Cervantes property, 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, performance 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 the United States; 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, development and mining; the specu lative 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 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 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 statements or information. Accordingly, readers should not

place undue reliance on forward-looking statements or information.