VANCOUVER, B.C. Azucar Minerals Limited (“Azucar” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce that drilling has commenced at its El Cobre porphyry copper-gold project in Veracruz State, Mexico. The last few months have been spent preparing for this drill campaign with surface and soil geologic and
alteration focused mapping and sampling, core relogging and drill site preparation work. Drilling is currently underway at the Norte zone and at the very north end of the Villa Rica target which is located south of the Norte zone. At the Norte zone, step out and infill drilling has been planned to define the size and provide appropriate drill density for potential resource definition in the future. The current drilling at Villa Rica is focused on the Naranjo zone, a new area of exposed porphyry alteration and mineralisation located approximately 500 metres north of the previous Villa Rica
drilling and about 1.2 kilometres south of the Norte Zone. The Company anticipates drilling to be underway with one or more rigs throughout the course of 2018 in order to test all targets currently defined.

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