Aztec Commences 10-hole, 3000 meter Core Drill Program at its Cervantes Gold-Copper Project, Sonora, Mexico

Vancouver, Canada – July 26, 2022 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec”) and
Kootenay Silver Inc. (TSXV: KTN) (“Kootenay”) are pleased to announce that, on July 22nd 2022, they
entered into a Purchase and Sale Agreement (the “Agreement”) whereby Aztec will indirectly acquire
Kootenay’s 35% interest in the joint venture company (“JV Corp.”) that holds the Cervantes porphyry goldcopper project in Sonora, Mexico (the “Transaction”). As consideration for the acquisition, Aztec will issue to Kootenay 10,000,000 common shares in the capital of Aztec, at a price of C$0.25 per share, and Kootenay will retain a 0.5% Net Smelter Return Royalty (“NSR”). Upon completion of the Transaction, JV Corp. will be a wholly owned subsidiary of Aztec.

Leave a Reply