Matthew Russell, President of Azteca Gold Corp. (the "Company") (TSX VENTURE:AZG) announces that the Company has successfully negotiated a letter agreement with the EPA in respect to its previously announced intention to enter into an option agreement (the Option Agreement") to purchase the Bunker Hill Mine property located at Kellogg, Idaho. EPA states in the June 12, 2007, letter agreement that its discussions "with Azteca to date have been fruitful . . . ," and that the agency "is very encouraged that Azteca appears to have a realistic plan for acquiring and operating the Mine after a thorough site evaluation." The EPA signatories stated that they "look forward to working with you (Azteca) on this ambitious and potentially rewarding project." The letter agreement states further that "Azteca and EPA have agreed to negotiate with each other in good faith in an effort to enable Azteca to evaluate and potentially purchase the Bunker Hill Mine, consistent with EPA's obligations to protect human health and the environment...."

The EPA letter agreement defines the obligations that the EPA would expect the Company to fulfill should it acquire the Bunker Hill Mine property with respect to environmental remediation requirements. The Bunker Hill Superfund Site in the Silver Valley has been under EPA control since 1983. This letter agreement is a critical step in the Company's investigation of the Bunker Hill Mine property as it progresses with its plan to enter into an option agreement to acquire the property, which is still subject to title review and regulatory approval.

For further information, please contact:

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