Mr. Simon Dyakowski reports

AZTEC MINERALS ANNOUNCES PRIVATE PLACEMENT

Aztec Minerals Corp. intends to complete a non-brokered private placement of up to 4,444,444 units at a price of 22.5 cents per unit for gross proceeds of up to $1-million. Each unit will comprise one common share of the company and one-half transferable common share purchase warrant. Each whole warrant will be exercisable to purchase one common share of the company at a price of 30 cents per share for a period of three years from the closing date of the private placement.

The company intends to use the proceeds of the private placement to conduct exploration work on its Cervantes porphyry gold-copper project in Sonora, Mexico, and its Tombstone epithermal gold-silver and CRD (carbonate replacement deposit) silver-lead-zinc-copper-gold project in Arizona, United States, as well as for general working capital purposes.

The private placement is subject to the approval of the TSX Venture Exchange, and all securities issued thereunder will be subject to a statutory hold period of four months and one day from the closing of the private placement. Finders' fees may be payable in connection with the private placement, all in accordance with the policies of the TSX-V and applicable securities laws.

About Aztec Minerals Corp.

Aztec Minerals is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona.

We seek Safe Harbor.