Azul Ventures Inc. ("Azul", or the "Company") (TSX VENTURE:AZL) is pleased to
announce that it has negotiated deferrals to the La Higuera and Caballo Blanco
property option payments that were originally scheduled to be paid in June and
July 2012. With the exception of a $30,000 payment made on June 15, 2012 and
$100,000 to be paid on June 28, 2012, option payments totaling $690,000,
originally due between June 15, 2012 and July 22, 2012, have been deferred until
December 15, 2012. In exchange, the Company has agreed to increase the amount
paid by $46,000. A table outlining the revised payment schedule is provided
below. The timing and amount of all other remaining option payments, including
the issuance of common shares, remains unchanged.


David O'Connor, President and CEO, said, "The deferral of the option payments by
approximately six months were negotiated as a consequence of frustrating delays
in receiving analytical results and will give the Company time to optimize
funding requirements for ongoing exploration. The results from its recently
completed 4,000 metre drill program and underground channel sampling, discussed
in our previous two press releases, support management's belief that the main
zone of disseminated and stockwork copper (chalcopyrite) mineralization
associated with massive magnetite is continuous over a length in excess of one
kilometre and down to depths of several hundred metres. These results will be
the basis for planning the second phase of exploration on La Higuera property."




----------------------------------------------------------------------------
  Property                    Original                    Revised           
----------------------------------------------------------------------------
                       Date             Amount  Date                 Amount 
----------------------------------------------------------------------------
 La Higuera                                                                 
  1.San Antonio        June 15, 2012  $ 50,000  December 15, 2012  $ 55,000 
  2.Mina Sol 1-9       June 15, 2012   150,000  June 15, 2012        30,000 
                                                December 15, 2012   132,000 
  3.La Sin Nombre 1-10 June 15, 2012    40,000  December 15, 2012    44,000 
  4.Hogar et al.       June 15, 2012   150,000  December 15, 2012   165,000 
  5.Avril et al. (i)   July 4, 2012    150,000  June 28, 2012        75,000 
                                                January 4, 2013      75,000 
  6.Benja I and II (i) July 22, 2012   100,000  December 15, 2012   110,000 
 Caballo Blanco (i)    July 1, 2012     50,000  June 28, 2012        25,000 
                                                January 1, 2013      25,000 
----------------------------------------------------------------------------
 Total                                $690,000                     $736,000 
----------------------------------------------------------------------------
                                                                            
(i) Property option payment extensions on Avril et al., Benja I and II and  
    Caballo Blanco are still subject to the filing and registration of      
    documentation with regulatory authorities in Chile.                     



About Azul Ventures Inc.

Azul Ventures Inc. is a mineral exploration company with the rights, through its
wholly owned subsidiary Minera Azul Ventures Limitada, to acquire a 100%
interest in a prospective copper -iron property in La Higuera, Chile (the "La
Higuera Property"). The La Higuera Property, which is located approximately 600
km north of Santiago, was assembled as a result of the first -time consolidation
of mining rights in a historical I.O.G.C. mining center and is located in a
prolific I.O.C.G. belt surrounded by excellent infrastructure in a mining
friendly jurisdiction.


The La Higuera Property covers a historic copper mining district with mining
activity dating back to at least the late 18th century; however, there has been
no known modern exploration conducted on the property. Since the consolidation
of the mining rights in June of 2011, Azul has initiated a rock sampling
program, completed geophysical work which has generated intense magnetic and
chargeability anomalies coincident with existing copper workings, finalized a
4,088 m drill program, and commenced an underground mapping and sampling
program.


Azul also hold the rights to acquire a 100% interest in the Caballo Blanco
Property, a prospective copper-iron property located approximately 6 km
southwest of the La Higuera Property.


Cautionary Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, are
forward-looking statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional financing;
operational risks associated with mineral exploration; market conditions;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; the potential for conflicts of
interest among certain officers, directors or promoters with certain other
projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the "Risk
Factors" section of the Company's Filing Statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and Azul undertakes no obligation
to update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as required by applicable securities
laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.