Aztec Minerals Announces Non-Brokered Private Placement of up to CAD$3.0 Million with Alamos Gold as Strategic Investor

Vancouver, Canada – May 16, 2022 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) has arranged a non-brokered private placement to raise proceeds of up to CAD$3.0 million (the “Offering” or “Private Placement”). As part of the Offering, the Company announces that Alamos Gold Inc. (TSX:AGI; NYSE: AGI) (“Alamos”)  has indicated that it intends to purchase securities under the Offering to obtain a 9.9% interest in the Company upon completion of the Offering.

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