Azteca Gold Corp.

Azteca Gold Corp.

June 06, 2007 12:46 ET

Azteca Gold Corp.: CEO Purchases Shares and Provides Update on Exploration

SPOKANE, WASHINGTON--(Marketwire - June 6, 2007) - Matthew Russell, President and CEO of Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces that he has purchased, through private sale, 500,000 shares of the Company at US$0.45 per share.

A surface geo-chemical program has been accomplished along the approximate 2.5 km of vein strike length at Guerra al Tirano, Azteca's flagship exploration property in the Sierra Madre of Mexico. Assay results are pending from the lab. "Our Longyear 44 diamond drill is now at site," explains Russell. "We are pleased to announce that M2 Technical Services will begin this next week a program of 10,000 feet of diamond drilling with the intent to support exploration efforts to outline an equivalent gold resource," adds Russell.

A surface geo-chemical program has also been accomplished at the Company's soon to be purchased Marietta property in Mineral County, Nevada. Assay results are pending from the lab. The TSX Venture Exchange has accepted the 43-101 technical document for Marietta and it is expected to be published within the next two weeks as MSM Resources and the Company close on the purchase of the 13 patented and 89 unpatented mineral claims which comprise the Marietta property. The surface program is intended to assist in identifying drill targets for an upcoming diamond drill program aimed at defining a mineral resource. The primary minerals at Marietta are gold, copper, and silver.

Azteca is currently working on a JV agreement with Silver Royal Apex, Inc. for its Two Mile property in the Silver Valley of Northern Idaho. The Two Mile Joint Venture agreement is expected to be signed within the next 30-45 days. Exploration permits have been submitted to the Forest Service for 6 diamond drill sites which have been identified by the Company as the most prospective positions to test the geophysical targets identified in the owner's 2006 geophysics program.

The information contained in this news release has been reviewed and approved by John Mears, VP of Operations and Exploration of the Company and the Company's Qualified Person as defined in National Instrument 43-101.

WARNING: the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Shares issued: 70,824,141

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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