Azucar Announces Mexican Federal Government Issues Decree to Temporarily Suspend All Non-Essential Businesses, Including Mining and

Azucar Announces Mexican Federal Government Issues Decree to

Temporarily Suspend All Non-Essential Businesses, Including Mining and

Exploration, Until April 30, 2020 Due to COVID-19

VANCOUVER, British Columbia, April 01, 2020 -- Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V: AMZ; OTCQX:

AXDDF) announces that the Mexican federal government has mandated that all non-essential businesses, including mining

and exploration, temporarily suspend operations until April 30 due to the COVID-19 virus. 

Azucar has been working to raise awareness of COVID-19 amongst its workforce for several weeks now. In mid-March the

Company arranged for a briefing by a medical professional for all employees, and the Company provided written material and

products to all employees to help them limit the spread of the virus. Operations since early 2020 have been limited to one drill

rig, and last week Azucar terminated its field activities and asked all remaining employees to take paid leave at home until

April 15 th. Given this government decree, Azucar will now ask employees to remain at home until April 30, pending further

information from Mexican government health authorities.

In terms of the technical program at El Cobre, the Company has now completed its current drill program, and is compiling or

awaiting assay results from the final three holes drilled as part of the program. As noted in the Company’s March 4, 2020,

press release, the Company had an external consultancy with expertise in porphyry systems on site in March to provide a

third-party review of the drill data, alteration and structural information collected to date to complement the company’s internal

geologic efforts to define and refine the exploration program. Assay results from the last three holes in the current program will

be released once they are all received and compiled.

J. Duane Poliquin, Chairman of Azucar stated: “We have been working with a skeleton staff at El Cobre for some time now,

and with this decree are ceasing all activities except those essential to business continuity. We urge all of our stakeholders to

take the necessary steps against the spread of this virus. Regarding El Cobre, desktop review of the technical data will

continue as we seek to refine targeting at this large hydrothermal system where drilling has confirmed porphyry mineralization

across a 5 km strike”.

About Azucar

Azucar is an exploration company with a mandate to thoroughly explore the El Cobre project in Veracruz, Mexico, which

covers multiple gold-rich porphyry targets, as demonstrated by recent drilling. Azucar is permitted and funded for an active drill

campaign in 2020. Azucar holds a 100% interest in the El Cobre project, subject to net smelter returns (“NSR”) royalty

interests, assuming production from the property exceeds 10,001 tonnes per day of ore, totaling 2.25% which can be reduced

to 2.0% though the payment of US$3.0 million.

On behalf of the Board of Directors,

“Morgan Poliquin”

Morgan J. Poliquin, Ph.D., P.Eng.

President, CEO and Director

Azucar Minerals Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

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

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it,

other than statements of historical fact, are to be considered forward looking. Although the Company believes the

expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results or developments may differ materially from those in forward-looking

statements. Factors that could cause actual results to differ materially from those in forward-looking statements include

market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic,

market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers

are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-

looking statements, other than as required pursuant to applicable securities laws.

Contact Information:

Azucar Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.azucarminerals.com/