Azteca Gold Corp.
TSX VENTURE : AZG

Azteca Gold Corp.

October 10, 2007 09:12 ET

Azteca Gold Corp.: Diamond Core and RC Drilling Intersect Vein at Depth at Guerra al Tirano and Diamond Drilling to Start this Week at Marietta

SPOKANE, WASHINGTON--(Marketwire - Oct. 10, 2007) - Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces that the Company has completed 5 diamond drill core holes and 4 RC holes at Guerra al Tirano (GAT) as of October 8, 2007. "M2 Technical Services is well along on their diamond core program at Guerra al Tirano and Layne de Mexico is moving rapidly on their 5,000m RC drilling program," explained Russell.

First assays on the GAT diamond drill core and RC cuttings are expected within 2 to 3 weeks.

"With the record monsoon rains of the summer over and with Layne de Mexico drilling RC for us, we are making rapid progress toward our objective of delineating a gold-silver resource at Guerra al Tirano," Russell emphasized.

According to the Company's Vice President of Exploration, John Mears, who is the qualified person for this press release as defined by National Instrument 43-101, 2 of the 5 core holes penetrated the GAT vein with true vein widths of 16.5 FT and 18 FT, a third core hole was lost as it entered the vein, a fourth core hole penetrated old workings estimated at a minimum width of 7.5 FT, and a fifth core hole was lost in a post-mineralization fault in the hanging wall adjacent to the vein structure. Depth of core holes ranged from 235 FT to 335 FT. 3 of the 5 core holes were extended at least 20 FT into the footwall of the vein to determine potential for footwall mineralization beyond the vein.

Layne de Mexico has finished 4 RC holes and these have been shipped to ALS Chemex for prepping in Hermosillo, Sonora, Mexico and assaying in Vancouver, BC, Canada. Multiple RC holes are being drilled at each of the diamond core hole locations to both test the vein along strike and down dip as well as to delineate a gold-silver resource in the hanging wall of the vein.

Marietta Project - Mineral County, Nevada

7 drill pads have been prepared on the patented claim group at the Marietta Project in Mineral County, Nevada. Diamond drilling is set to begin tomorrow, October 11, 2007. Two holes will be drilled at each location: the first hole of each station at -50 degrees to a depth of approximately 800 FT to test the gold detachment fault geophysical and geochemical targets and a vertical hole to a depth of at least 1200 FT to test the deeper copper intrusive geophysical target. Geophysical targets were identified from recent work by Quantec Geoscience USA Inc. of Reno, Nevada as described in a September 7, 2007 press release.

With first core expected out of Marietta during the week of October 22, 2007, first assay results are expected by the second week of November.

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: 98,574,802

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

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