Vancouver, Canada – December 17, 2020 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) announces that it has entered into a joint venture agreement with Kootenay Silver Inc. (KTN:TSX-V) in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico (“Cervantes”). As noted in the Company’s July 30, 2019 press release, Aztec completed its earn-in and exercised its option to acquire a 65% interest in Cervantes. Kootenay retains the remaining 35% interest. The parties will hold their interests in Cervantes indirectly through 65% (Aztec) /35% (Kootenay) share ownership in a joint venture company, Aztec Minerals (Mexico) JV. Corp. The joint venture company indirectly owns 100% of the Cervantes property through its wholly owned subsidiary, Minera Azteca Dorado S.A. de CV.