Azteca Gold Corp.: Gold and Silver Drill Intercepts Reported at Guerra Al Tirano

SPOKANE, WASHINGTON (TSX VENTURE: AZG) announces that the Company has received and processed gold and silver assays for 5 diamond drill holes and 7 reverse circulation ("RC") holes of a 29 hole 17,725 FT RC program recently completed by Layne de Mexico. The diamond drill holes and RC drilling intersected significant mineralization in each of the sampled intervals across the Main GAT Vein and extending into the hanging wall. The Main GAT Vein demonstrates bonanza-type mineralization such as a five foot drill interval of 365 g/t Ag and 1.525 g/t Au in RC Hole -009 as well as disseminated mineralization such as a 50 foot interval of 104.78 g/t Ag and .516 g/t Au in RC Hole -013.

"Of particular note," explains Russell, "the RC drilling program has identified potential parallel vein structure to the Main GAT Vein. Preliminary geologic logs of the RC chips and available assay data indicate intervals of significant mineralization which merits further investigation.


Average assays over bulk intercepts in grams/metric tonne ("g/t"):

Hole       From (ft)       To (ft) Interval (ft)      Ag (g/t)      Au (g/t)
RC-005          285           440           155         27.55          0.16
RC-006          280           300            20         44.53          0.25
RC-007          235           265            30          41.8          0.11
RC-007          270           280            10         101.4          0.11
RC-008          270           325            55         22.96          0.12
RC-009          215           555           340         19.75          0.12
RC-010          220           290            70          35.9          0.32
RC-013          210           260            50        104.78         0.516

Some of the better intervals include:

Hole       From (ft)       To (ft) Interval (ft)      Ag (g/t)      Au (g/t)
RC-005          400           405             5           131         0.938
RC-007          245           250             5          87.2         0.418
RC-007          270           275             5           114         0.128
RC-009          295           300             5           365         1.525
RC-009          350           355             5           121         0.684
RC-009          545           550             5          48.3         0.772
RC-010          220           225             5          81.2         0.967
RC-010          240           245             5          67.5         0.386
RC-010          245           250             5          98.6           0.6
RC-010          255           260             5          49.6         0.601
RC-010          275           280             5          55.7         0.975
RC-013          210           215             5           107         0.668
RC-013          220           225             5           134           0.6
RC-013          225           230             5           253          1.49
RC-013          230           235             5           233         0.994
RC-013          235           240             5           182          1.16

The Company awaits assays for the remaining RC holes, which may penetrate bonanza-type "chutes", may further define disseminated mineralization in the hanging wall, and may further define any parallel vein structures in the hanging wall and footwall of the Main GAT Vein.

In addition to assays for the RC holes, assays for the 5 diamond drill core holes have also been received and processed by the Company and have allowed it to further define the mineralization in the Main GAT Vein.


Average assays over bulk intercepts:
Hole       From (ft)       To (ft) Interval (ft)      Ag (g/t)      Au (g/t)
DDH-001         110         124.5          14.5           108         0.462
DDH-001       137.5           175          37.5          72.1         0.372
DDH-001         205           215            10          40.3         0.148
DDH-001         234           284            50          36.3         0.547
DDH-002        72.5           210         137.5          32.7         0.278
DDH-003         162           218            56         18.71         0.052

Noteworthy intercepts include:

Hole       From (ft)       To (ft) Interval (ft)      Ag (g/t)      Au (g/t)
DDH001        115.0         120.0           5.0           269          1.19
DDH001        153.5         157.0           3.5            98          0.35
DDH001        157.0         162.0           5.0           118          0.59
DDH001        162.0         167.0           5.0          90.6          0.28
DDH001        172.0         175.0           3.0           130          0.99
DDH001        265.0         268.0           3.0          23.2          0.94
DDH001        268.0         271.5           3.5          14.4          1.42
DDH001        271.5         278.5           7.0          24.4          1.75
DDH001        278.5         280.5           2.0          42.9          0.69
DDH002        150.0           155           5.0            58          0.27
DDH002        160.0           165           5.0          57.5          0.50
DDH002        175.0           180           5.0          96.4          0.54
DDH002        180.0           185           5.0          44.9          1.02
DDH002        185.0           190           5.0          58.3          1.20
DDH002        190.0           195           5.0          29.5          0.90
DDH002        200.0           205           5.0            70          0.76

Location information for RC holes and Diamond Drill holes:
                                                                      Total
Drill                             Elevation    Azimuth        Dip     depth
hole        Easting    Northing         (ft)  (degrees)  (degrees)      (ft)
RC-005       760252     3022985        3945          0        -90       800
RC-006       760255     3022981        4123        315        -60       400
RC-007       760250     3022980        4110        270        -60       500
RC-008       760253     3022990        4104        225        -60       450
RC-009       760259     3022914        4117          0        -90       660
RC-010       760256     3022912        4106        315        -60       385
RC-013       760236     3022752        4169          0        -90       500
DDH-001      760149     3023079        4151          0        -90       335
DDH-002      760230     3022989        4121          0        -90       295
DDH-003      760196     3022866        4053          0        -90       236

Modeling of Mineral Resource and Further Drilling Planned:

Work is progressing on a mineral resource model for the upper portion of the Main GAT Vein. Potential down-dip extensions of the vein will be investigated with future drilling. Road and pad-building work is complete for the next phase of on-strike drilling on the roughly .9km of the adjacent Tres de Mayo concession. This drilling is expected to take place during Q1 and Q2 of 2008.

Quality Assurance and Mineral Resource Notes:

Core and RC samples were processed per the Company's quality assurance policy whereby chain of custody is controlled at site by the Company's site geologist who transfers the samples directly to an ALS Chemex representative at site or in Hermosillo, Sonora, Mexico. ALS Chemex has provided assay results to only those within Azteca's control pursuant to the list provided to them by Matt Russell. Assay results are preliminary and will be confirmed by the Company.

Assay methods include atomic absorption method for Au and intercoupled plasma analysis for Ag. Assay Detection Limits: 0.005 ppm for Au and 0.5 ppm for Ag.

The potential quantities and grades reported within this press release are conceptual in nature, being from limited diamond drill core and RC data. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the delineation of a mineral resource.

High Grade "Chutes":

The NI 43-101 technical document for Guerra al Tirano refers to the high grade veins and stockwork or what can be collectively called a "chute" as depicted in Figure 6 of the NI 43-101 technical document. The author refers to reasonable average grades and widths: "The adjacent footwall and hangingwall quartz stockwork/silicified zones extend up to 7 meters away from the vein. The maximum total width is about 17 meters. Assay results from 10 locations where we could cut samples across most or all of the mineralization shows that the zone (vein and stockwork) has an average width of 5 meters and an average grade of 2.88 ppm Au (0.08opt) and 202 ppm Ag (5.9opt). This is in substantial agreement with the average grade reported in the Guerra al Tirano Mine by the Consejo de Recursos Minerales (1994, p. 232) of 3.73 ppm Au and 294 ppm Ag." (ref: GAT NI 43-101 dated May 11, 2006 and titled: "The Report on the Geology and Current Status of the Guerra al Tirano Silver-Gold Property, Temoris District, Chihuahua, Mexico" page 10 under heading "Minerology and Grade"). 1 ppm is 1 g/tonne.

The information contained in this news release has been reviewed and approved by John Mears, the Company's Qualified Person 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: 107,385,751

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Azteca Gold Corp. Matthew Russell President (509) 464-0172 Email: info@azteca-au.com

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