Azteca Gold Corp. Announces Corporate Update

NOT FOR DISSEMINATION OR CIRCULATION IN THE UNITED STATES

Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company" or "Azteca") announces the
following corporate update. 


Coeur D'Alene Mines has purchased Azteca's Mexican properties known collectively
as the Guerra al Tirano Gold/Silver Project (GAT), for USD $1.2 million. The
Company's Board of Directors approved the sale, and the transaction closed on
Monday, October 10th. It is the Company's intention to sell the remaining assets
of its 100% owned subsidiary, Minera Azteca. Proceeds of the sales will be used
for general corporate purposes.


Azteca retained a 2% "net smelter return" (NSR) royalty on any future production
of gold and silver from the GAT properties as part of the consideration. Coeur
D'Alene Mines has the right to purchase up to 75% of this royalty (or 1.5% of
the 2% NSR) for a total of USD $750,000. 


The Company received renewal of BLM claims for 2012 for the following projects:
Two Mile and Orange in Idaho, and Marietta in Nevada.


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.


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