Private Placement Announced

March 13 , 2007                                                                                        Symbol: TSX-V:AZG
Shares issued: 65,794,137

SPOKANE, WASHINGTON--(CCNMatthews - March 13, 2007) - Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces that the Company is, subject to regulatory approval, issuing on a non-brokered private placement basis, up to 4,875,000 units at $0.36 per unit, each unit comprising a share and a half share purchase warrant, for a maximum offering of US$1,500,000, or $1,755,000 based on an exchange rate of 1.00 to 1.17. Each whole warrant has a 2 year term and a $0.50 exercise price. The proceeds will be used for general working capital and possible acquisitions.

For further information, please contact:

Azteca Gold Corp.
Matthew Russell, President
Telephone: 1-509-464-0172
Email: info@azteca-au.com

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.

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