Azteca Gold Corp.: Announces Bunker Hill Mine Letter of Intent

March 23 , 2007                                                                                        Symbol: TSX-V:AZG
Shares issued: 65,794,137

SPOKANE, WASHINGTON--(CCNMatthews - March 23, 2007) - Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces that the Company has entered into an arms-length letter of intent providing for the exclusive right to enter into an option agreement (the "Option Agreement") to purchase the Bunker Hill Mine property located at Kellogg, Idaho. 

Subject to regulatory approval, title review and usual due diligence, the Company will enter into an arms-length, exclusive Option Agreement. The terms of the Option Agreement are subject to confidentiality requirements until the earlier of the release of confidentiality by the Owner or the signing of the Option Agreement. 

Historic production at the Bunker Hill Mine is approximately 35.8 million tons grading average 8.76% lead, 3.67% zinc, and 4.52 oz silver. The Bunker Hill Mine is currently operated by The New Bunker Hill Mining Company. 

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.