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Announces Warrant Amendments

posted on Jan 23, 2009 02:14PM
January 23, 2009
Azteca Announces Warrant Amendments
SPOKANE, WASHINGTON--(Marketwire - Jan. 23, 2009) - Matthew Russell, President of Azteca Gold Corp. ("Azteca" or the "Company") (TSX VENTURE:AZG) announces that the Company has, subject to regulatory approval, made an offer to holders of 19,619,666 Azteca warrants that, for the short time period ending February 20, 2009, the Company will accept an exercise price of $0.15 per warrant. If fully subscribed, a total of $2,942,950 would be raised. Funds raised will be used for continued drilling and assaying on the Company's 50% owned Two Mile project, and for general working capital.

Details of the affected warrants are as set out below:

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Number              Issue date         Expiry date           Exercise price
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17,182,165        Dec 11, 2006       June 15, 2009                 $   0.50
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2,437,501       March 19, 2007       June 15, 2009                 $   0.50
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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 materially include, but are not limited to, changes in laws or regulations, the risks of obtaining final approval from necessary regulatory bodies in connection with the Private Placement, inaccurate assumptions concerning the exploration for and development of mineral deposits and timing related to receipt of the preliminary assays. 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: 169,955,907
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