Azucar Reports Drilling Results from Lithocap Target,
El Cobre Project, Mexico

VANCOUVER, B.C. Azucar Minerals Ltd. (“Azucar” or the “Company”) (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce that it has received and compiled results from the two holes completed into the large lithocap target first discussed in its press release of March 10, 2022. Both holes passed through typical clay dominant lithocap alteration into phyllic alteration. Large intervals of brecciated rock were intersected possibly reflecting a diatreme like body that may have disrupted any earlier porphyry alteration zonation in this area. Alteration data was collected from the core using a Terraspec infrared spectrometer along with the samples for assay. No significant intervals of porphyry mineralisation were intersected however the second hole intersected a late sulphide vein that returned 0.70 metres of 0.95% copper and 0.42 g/t gold. At present the Company is reviewing how best to further explore this lithocap target as well as other zones on the project and will update shareholders once this is complete.

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