AZG Azteca Gold Corp.

NOT FOR DISTRIBUTION TO OR FOR DISSEMINATION IN THE UNITED STATES.

Matthew Russell, President of Azteca Gold Corp. ("Azteca" or the "Company") (TSX
VENTURE:AZG) is pleased to provide the following exploration and corporate
update. 


Drilling at DDH-009 is Underway

The drill contractor has completed the mobilization of a third LF-90 diamond
core drill to the Two Mile Project site in the Silver Valley of Idaho. Hole
DDH-009 has been collared at 2860 FT elevation above Mean Sea Level, at Northing
5264772 and Easting 577233, and as of 9:00 PM on July 18th it had reached a
depth of 830 feet. Cemented casing was set to 60 feet, and the hole is within
acceptable tolerance to planned dip and strike.


Qualified Person for the Two Mile Project Dick Nanna, who is also on the Board
of Azteca Gold, explained, "We are excited to drill hole DDH-009 for a number of
reasons, and much work and study has gone into its preparation. As mentioned in
the July 2nd press release, this drill campaign is designed to test for
mineralization which may have been concentrated within the central hinge of the
Two Mile Anticline, including up-dip from our initial discovery at DDH-005A.
This hole, which is being drilled from within the presumed apex of the Two Mile
Anticline, may intersect several zones of interest including those in the upper
third of the hole associated with the lower Burk metasediments."


Corporate Update

The Company has made applications for regulatory approvals for the previously
announced debt settlement and agreement to purchase the half interest in the Two
Mile Project not currently owned by Azteca.


The technical and scientific information contained in this news release has been
reviewed by the Company's QP Richard Nanna, who is also a director of the
Company.


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 by either the Company or its joint
venture partner. 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: 199,461,432

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