Update re: Takeover

RNS Number:2456N
Aztec Resources Limited
05 December 2006


Aztec Resources Limited ("Aztec" or "the Company")

5 December 2006

Update re Takeover and Change in Substantial Shareholder Interest

Aztec notes that an announcement has been made today by Mount Gibson Iron
Limited ("Mt Gibson") of the extension of the closing date of Mt Gibson's offers
made under its off-market takeover bid for all the fully paid ordinary shares in
Aztec (the "Offer") to 5pm Western Australian time on 22 December 2006.

Aztec was also informed today by Mt Gibson that its interest in Aztec is now
671,304,094 ordinary shares or 59.34%, including shares owned by parties who
have accepted the Offer. The previous notice by Mt Gibson of its interest in
Aztec, on 4 December 2006, stated that at that time Mt Gibson had an interest in
647,700,251 ordinary shares or 57.25%.

The announcements made today by Mt Gibson are available on the ASX website
www.asx.com.au

For further information please contact:
Aztec Shareholder Information Line
Australian Callers:     1800 602 244
International Callers:  [phone]







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