AZG Azteca Gold Corp.

Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE: AZG) (the "Company") wishes to announce recent drilling and assaying progress on its 50% owned Two Mile Project and provide an update on near-term plans for down-hole geophysics in holes DDH-005B and DDH-006B.

In a July 3, 2009 press release the Company laid out its plan for drill targets in DDH-005B and DDH-006B. "We have intercepted zones of carbonate enrichment as we anticipated, as supported by the assay data (in the first two of the four tables) below," said Matt Russell.

Current depth of DDH-005B is 10,243 FT and DDH-006B is at 11,345 FT. TD for DDH-006B is set at 11,600 FT. "Currently we are prepared to drill deeper through the carbonates on DDH-006B," explained Russell, "but we will await results of our planned geophysics program to make a final determination." A new TD for DDH-005B will be set after geophysics is accomplished.

The Company has contracted Scintrex of Concord, Ontario, Canada for down-hole gravity geophysics in holes DDH-005B and DDH-006B. The Company expects to begin a two week geophysics program before the end of September.

DDH-006B - Carbonate and Metal Averaged Assays - 11,036.5 to 11,345.0 FT

From         To (FT)        Inter. Ca(%)   Fe(%)   Mg(%)     CO3   Cd    Zn
(FT)                          (FT)                            (%)(ppm) (ppm)
11,036.5  11,086.5(i)        50.0  1.04    3.35    0.71     2.94 less  34.1
                                                                 than
                                                                  1.0
11,086.5  11,136.5(i)        50.0  1.02    2.78    0.61     3.05 less  44.7
                                                                 than
                                                                  1.0
11,136.5  11,186.5           50.0  5.63    5.98    2.68    12.57 1.45  73.7
11,186.5  11,236.5           50.0  4.11    4.62    1.73    10.34 1.56  59.7
11,236.5  11,286.5           50.0  4.95    4.43    1.63    12.72 1.70  50.1
11,286.5  11,345.0           58.5  5.29    5.44    2.37    15.67 1.51  75.6

(i) These two 50 FT intervals are included only to demonstrate the abrupt
    change in Ca and CO3 starting at approximately 11,136.5 FT.

The assays for the typical 2.5 FT assay intervals that make up this 208.5 FT intercept from 11,136.5 Ft to 11,345.0 FT range as follows: calcium (Ca) ranges from 1.47% to 8.26%, carbonate ion (CO3) ranges from 4.09% to 26.5%, Cd ranges from less than 1.0 ppm to 2.7 ppm, and Zn ranges from 11.2 ppm to 123 ppm.

DDH-005B - Carbonate and Metal Averaged Assays - 9,897 to 10,243 FT

From         To   Inter      Ca     Fe      Mg    CO3     Cd       Zn    Pb
(FT)        (FT)    (FT)     (%)    (%)     (%)    (%)  (ppm)    (ppm) (ppm)
9,846  9,897(ii)   51.0    0.51   4.40    0.84   less   less     92.2  less
                                                 than   than           than
                                                  1.0    1.0            5.0
9,897     9,947    50.0    0.48   4.02    0.78   3.48   1.12     91.3  10.2
9,947     9,998    51.0    0.92   2.64    0.53   3.20   less     43.8  less
                                                        than           than
                                                         1.0            5.0
9,998    10,046    48.0    0.59   2.94    0.57   2.47   less     42.8  less
                                                        than           than
                                                         1.0            5.0
10,046   10,097    51.0    0.63   3.22    0.62   2.50   less     58.7  less
                                                        than           than
                                                         1.0            5.0
10,097   10,147    50.0    0.62   3.33    0.66   2.96   less     53.1  less
                                                        than           than
                                                         1.0            5.0
10,147   10,197    50.0    0.71   3.58    0.65   3.14   1.27     90.4  12.5
10,197   10,243    46.0    0.37   3.71    0.66   2.70   1.44    103.8  12.5

(ii) This 51 FT interval is included only to demonstrate the abrupt change
     in CO3 concentration starting at approximately 9,897 FT.

The assays for the typical 2.5 FT assay intervals that make up this 346 FT intercept from 9,897 FT to 10,243 FT range as follows: calcium (Ca) ranges from 0.16% to 3.55%, carbonate ion (CO3) ranges from less than 1.00% to 8.77% (there is only one value less than 1.00% within one typical 2.5 FT assay intervals that make up the 346 FT intercept), Cd ranges from less than 1.0 ppm to 2.3 ppm, Zn ranges from 10.4 ppm to 426 ppm, and Pb ranges from less than 5.0 ppm to 64.1 ppm.

From           To  Inter       Au     Ag    Cu     Pb      Zn     As      S
(FT)          (FT)   (FT)    (ppb)  (ppm)  ppm    ppm     ppm    ppm     (%)

                     Min.    less   less     6      3      19     15    0.3
                             than   than
                                5    2.0
9,989.0  10,011.5   22.5       Na     Na    50    567     401    121    2.8
                     Max.     189    4.4   306   3530    2640    833   14.3
                     Min.    less   less    13     11     106   less    0.3
                             than   than                        than
                                5    2.0                         5.0
10,826.5 10,839.5   13.0       Na     Na   160   1449    6675     na    2.1
                     Max.      49    4.0   590   4000   22400    125    5.8


Note: The middle row in each set of data is the average assay result for the
      interval.

Average Assay and Min/Max Assay Results for selected Zones in DDH-005B

From           To  Inter       Au     Ag    Cu     Pb      Zn     As      S
(FT)          (FT)   (FT)    (ppb)  (ppm)  ppm    ppm     ppm    ppm     (%)

                     Min.    less   less    14   less      26     29    0.1
                             than   than         than
                                5    2.0          5.0
8,773.5    8786.0   12.5       Na     Na    43     na      68    246    0.6
                     Max.    less   less   102   less     128    761    1.6
                             than   than         than
                                5    2.0          5.0
                     Min.    less   less     8     17      78   less    0.2
                             than   than                        than
                                5    2.0                         5.0
9,507     9,539.5   32.5       Na     Na    30    888    1865     na    0.4
                     Max.       6    2.9    50   2390    6430     39    0.9


Note: The middle row in each set of data is the average assay result for the
      interval.
      ppm - parts per million     ppb - parts per billion

Assay and Interval Qualifications

Assays are uncut. True interval widths are not determinable at this time. Some irregular and short intervals have been taken to facilitate mineral identification.

Quality Assurance and Assay Specifications

Diamond drill core samples were processed per the Company's quality assurance policy whereby chain of custody is controlled by Azteca technical personnel who transferred the samples directly to an independent Washington State DOE-certified lab, American Analytical Services, Inc., located in Osburn, Idaho. The assay lab has provided assay results to only those within Azteca's control pursuant to the list provided to them by Matt Russell. Material assays are considered preliminary by the Company until check assays are received.

Assay methods include fire assay for Ag and Au. ICP (inter-coupled plasma) was used for lead, zinc, copper, cadmium, sulfur, arsenic, and carbonates anions Ca, Fe, and Mg. Carbonate (CO3) was titrated.

The technical and scientific information contained in this news release has been prepared by or under the supervision of Richard Nanna (Professional Geologist, State of Washington, Certification No. 1398) a Company director and the Company's QP for this press release as defined in National Instrument 43-101.

WARNING: the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Shares issued: 182,994,331

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: President of Azteca Gold Corp Jon Slizza VP of Finance and Investor Relations (509) 981-2020 info@azteca-au.com