Vancouver, Canada – February 23, 2021 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) and Kootenay Silver Inc. have commenced the 2021 exploration program on the Cervantes Porphyry Gold-Copper Property in Sonora, Mexico. The exploration program was recently approved by the Management Committee overseeing the Cervantes Joint Venture between Aztec Minerals Corp (65%) and Kootenay Silver Inc (35%).

As Operator of the Cervantes Joint Venture, Aztec has mobilized a field crew to conduct a +500 soil sample program aimed at extending previous soil grids and covering targets with limited historic exploration. The soil sample grid will cover 518 hectares (5.18 square kilometers) with 100 by 100 meter spaced samples to extend coverage over the Estrella and California North targets to the western, northern, and eastern limits of the property. The existing soil sample database of over 1,100 samples covers the California, Purisima East, Purisima West, Jasper, and Jacobo targets. Detailed lithologic, alteration, structural mapping and rock chip sampling will proceed along with the soil sampling program.

View: Cervantes Proposed Phase 1 Sampling and Mapping Plan

Cervantes is a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico. The project lies 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico).  Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal gold mine (Alamos Gold), 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos).   View: Cervantes Project Location Map

All sampling will be conducted with strict QA/QC controls, standards and blanks. Samples will be delivered directly to Bureau Veritas Minerals in Hermosillo for analysis. Joey Wilkins, B.Sc., P.Geo., is the Qualified Person and Vice President of Exploration at Aztec Minerals Corp who reviewed and approved the technical disclosures in this news release.

“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:  simon@aztecminerals.com
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 securities 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 from 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 consider 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.