Azteca Gold Corp.
TSX VENTURE : AZG

Azteca Gold Corp.

March 05, 2007 10:13 ET

Ejido Agreement Signed for Azteca's Guerra al Tirano Project

SPOKANE, WASHINGTON--(CCNMatthews - March 5, 2007) - Matthew F. Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces that its wholly owned Mexican subsidiary, Minera Azteca de Oro y Plata, S.A. de C.V. ("Minera Azteca") , has entered into an agreement with the Ejido Guerra al Tirano of Chinipas, Chihuahua, pursuant to which Minera Azteca has the right to use Ejido land covering approximately 95 hectares of the Company's mining concessions in Chihauhua for all activities necessary for the exploration, development and production of potential ore deposits. The Company may apply in the future for an increase in the amount of land covered by this agreement. In addition, the Company may travel through adjoining and nearby Ejido land outside the boundaries of the mining concessions for the purpose of constructing, operating and maintaining improvements or facilities necessary for the project. Initial payments are 100,000 pesos per year for the first 3 years. The Company may terminate the agreement at any time.

An Ejido is a fundamental Mexican political unit that operates at the rural level. Mexican law gives Ejidos control of surface access to specific defined geographic boundaries. As such, Ejido consent is required to access land for mineral resource exploration, development, and exploitation (production) on the Company's Guerra al Tirano and Tres de Mayo concessions.

The Guerra al Tirano/Tres de Mayo exploration target area falls near the middle of a historically productive gold-silver belt near Temoris, Chihuahua. The closest gold exploration and development to the Guerra al Tirano/Tres de Mayo targets is the Palmarejo deposit controlled by Palmarejo Gold, 11 km on trend to the northwest.

With the ejido agreement in place, the Company has kicked off a two phase exploration program aimed at outlining a gold equivalent resource. The first phase of surface work will see the exposed vein mapped and sampled over the full North-South extent of the concessions. The second phase will employ step-out diamond drilling through Q3 of 2007. Success in establishing a resource will lead to further exploration in Q4 2007 and into 2008 to improve the quality and extent of the resource.

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: 65,794,137

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

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