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AZT.V ·

Aztec Regrets to Announce Passing of David M. Jones

Management Changes

PO Box 10328 T: 604-685-9770

Suite 1130 – 609 Granville Street www.aztecminerals.com

Vancouver, BC V7Y 1G5

Aztec Regrets to Announce Passing of David M. Jones

Vancouver, Canada December 30, 2021 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announces

with great sadness that Mr. David M. Jones, Technical Advisor to Aztec, passed away suddenly and

unexpectedly on December 28, 2021.

During his 40 -year career, David had a true passion for geology and the mining industry who strived to

push geological boundaries and explore in newly undiscovered jurisdictions. During the early 1990s, he

was the principal geologist for Teck Corp. in Mexico to explore the Nukay mine region which resulted in

the discovery of the Los Filos gold deposit in 1995 now o wned by Equinox Gold Corp. Throughout his

tenure within this region, he built the knowledge to be considered a specialist in skarn and porphyry

systems, of which his geological model was responsible for multiple discoveries resulting in being the

foremost expert on what has now grown to be known as the ‘Guerrero Gold Belt’. He served as Chief

Technical Advisor and helped establish Torex Gold Resources Inc. and their El Limon/Los Guajes gold

deposits. This well-endowed gold region eventually attracted several world-class major mining companies

including Equinox Gold, Torex Gold, Agnico Eagle and Osisko Development Corp. More recently, Mr. Jones

was responsible for identifying the exploration target that directly led to the discovery of Gold Resource

Corp's Switchback vein system at the El Aguila project. He served as a director of Cayden Resources

through their acquisition by Agnico Eagle. He was a well sought-after geological advisor to several mining

companies.

“Simon Dyakowski”

Simon Dyakowski, Chief Executive Officer

Aztec Minerals Corp.

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

polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-

copper property in Sonora, Mexico. The historic, district -scale Tombstone properties host both bulk

tonnage epithermal gold-silver as well as CRD silver -lead-zinc mineralization in Cochise County, 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, CEO or Bradford Cooke, Chairman

Tel: (604) 619-7469

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:

Certain statements contained in this press release may constitute forward -looking statements under Canadian secu rities

legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”

or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. These

forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results

contemplated by the forward -looking statements. Factors that could cause actual results to differ materially f rom those in

forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward -looking

statements. When relying on forward -looking statements to make decisions, investors and others should carefully cons ider the

foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company

does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.