Aztec Minerals Corp.

Cervantes Gold-Copper Project &Tombstone Silver-Gold Project:

Potential for a Large Gold-Copper Porphyry Discoveryin Sonora, Mexico

Potential for Bulk Tonnage Epithermal Gold-Silver and CRD Silver-Lead-Zinc-Copper-Gold Deposits in Arizona

September 2018

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This presentation may contain forward-looking statements, including statements regarding future plans and

objectives, future exploration activities, results and interpretation and financial plans and activities of Aztec Minerals

Corp. (“Aztec” or the “Company”). These statements are forward-looking statements that involve various risks and

uncertainties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs,

plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or

phrases such as “expects” or does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”,

“estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will” be

taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or

results to materially differ from those reflected in the forward-looking statements. Important factors that could differ

materially from the Company’s expectations include, among others, risks related to unsuccessful further

exploration results, metals prices, fluctuations in currency prices, international operations, conclusions of economic

evaluations and changes in project parameters as plans continue to be refined as well as changes in the availability

of funding for mineral exploration and development, unanticipated changes in key management personnel and

general economic conditions. When relying on forward-looking statements to make decisions, investors and others

should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such

forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or

written, made by itself or on its behalf, except as required by applicable law. Accordingly, readers should not place

undue reliance on forward-looking statements. This presentation includes disclosure of scientific and technical

information with respect to Aztec’s exploration projects. Aztec’s disclosure of technical information is governed by

National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The scientific and

technical information contained in this presentation has been reviewed and approved by Joey Wilkins, P.Geo, a

Qualified Person as defined by NI 43-101 and the President and Chief Executive Officer of Aztec.

Cautionary Statement

Corporate ProfileAztec Minerals Corp. (AZT: TSXV) (AZZTF: OTCQB)

A mineral exploration company focused on acquiring and exploring quality properties in the Americas with potential for the discovery of “elephant” porphyry gold-copper deposits bulk tonnage epithermal gold-silver and CRD silver-lead-zinc-copper-gold deposits

IPO in May 2017Aztec IPO raised CAD$3.5 million by issuing 11.5 million units at CAD$0.35, each unit consisting of one share and one half share purchase warrant, each full warrant to buy one additional share at $0.50 within 2 years, strategic investor Coeur Mining purchased 9.9% fully diluted holding in Company

Share StructureShares Issued: 27.9 millionFully Diluted: 38.9 millionInsider Holdings: 7.0 million FD 17.9%Strategic Investor: 3.8 million FD 9.9% (Coeur Mining Inc.)Exchange Listings: TSXV-AZT and OTCQB-AZZTFCurrent Cash: CAD$1,200,000Current Debt: $0

Corporate StrategyAztec is a mineral exploration company focused on the discovery of large mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. We also hold an option on the historic Tombstone silver mining district with both bulk tonnage epithermal gold-silver as well as high grade CRD silver-lead-zinc potential in southern Arizona.

Exploration ProjectsCervantes - Option to acquire up to 100% interest in an underexplored porphyry gold (copper-moly) property

in eastern Sonora, Mexico

Tombstone - Option to acquire a 75% interest in a package of mineral properties covering many of the historic silver-gold mining properties in the famous Tombstone mining district, Cochise County, Arizona.

Mission Discovery

Management

Experienced management team and board of directors with successful track record of financing, acquiring, exploring, discovering and developing mineral deposits.

➢ Joey Wilkins, B.Sc., P. Geo. President & CEO

Professional geologist with 30 years experience in porphyry copper-gold-moly

exploration throughout the Americas, 24 years with

Rio Tinto Exploration (Kennecott) and 3 years as Chief Geologist with

McLeod- Williams Capital Corp

➢ Philip Yee, MBA, C.G.A. CFO

Certified General Accountant with over 25 years experience in accounting, management, regulatory affairs, and taxation for public companies with exploration/mining projects in the Americas and Asia

➢ Neil MacRae, B.A. VP, Investor Relations

Communications specialist with over 20+ years in capital markets and investor relations in the mining industry with companies such as First Majestic Silver, Farallon Mining (purchased by Nyrstar), NovaGold Resources and Santacruz Silver Mining

Mission Discovery

Directors

➢ Bradford Cooke, M.Sc., P. Geo. Chairman Founder of Endeavour Silver Corp. and Canarc Resource Corp., with 40 years experience in the mining industry, specializing in the financing, acquisition, exploration and development of mineral deposits

➢ Patricio Varas, B.Sc., P. Geo. DirectorFounder and Chairman of Boreal Metals, with more than 30 years experience in mineral exploration, sold Western Potash to Chinese company

➢ Mark Rebagliati, B.Sc., P. Eng. DirectorRenowned geologist directly involved in several major porphyry discoveries for Hunter-Dickinson Group, member of Canadian Mining Hall of Fame

➢ Jim Schilling Director30 years of experience in Canadian and U.S. Financial markets, founder of West Coast Consulting in Portland

➢ Stewart Lockwood, LLB, MBA Director and Corporate SecretaryPartner with McCullough O’Connor Irwin LLP, with 30 years experience in corporate and securities law and regulation for natural resource companies

Mission Discovery

Cervantes Project

Copper-Gold porphyry potential in Sonora, Mexico

Cervantes & Tombstone Location Map

Mission Discovery

➢ Located in Eastern Sonora State, 160 km east of Hermosillo, and 60 km west of Alamos

Gold’s Mulatos Gold Mine (2.0 M ounces remaining) and Agnico Eagle’s La India Gold Mine

➢ Tombstone is a historic silver-lead-gold-copper-zinc mineral district in southeastern Arizona

and in close proximity to numerous world class porphyry copper deposits in addition to the

newly discovered Taylor zinc-lead-copper-silver-gold ‘CRD’ sulphide deposit

Cervantes Project Regional Context

➢ Located in northwest Mexico, home to some of the largest porphyry copper-moly-silver-gold deposits in the world, such as Cananea (Buenavista del Cobre) and La Caridad

➢ Exceptional high sulphidation and epithermal gold +/-silver deposits in close proximity, namely Mulatos (Alamos Gold) and La India (Agnico Eagle), La Colorada (Argonaut Gold) to west

➢ Underexplored in modern times and Cervantes has only been drill-tested once in the mid-1990’s by Penoles

➢ Road accessible, no known environmental or indigenous obstacles

➢ Sonora is a mining friendly state in Mexico, regulators knowledgeable and understand permitting process

Mission Discovery

Cervantes Project Overview

➢ Primary Targets Observed: Porphyry-related deposit was based alteration seen in the field, rock chip geochemical zoning & peripheral base metal occurrences

➢ Work commenced late 2015 and early 2016, soil survey identified robust and coherent gold, copper, and moly in soils anomalies…..additional soil’s collected in ‘17 &’18 for a total of 1,111 samples, now covers 7 targets

➢ Aztec conducted an induced polarization survey over the heart of the gold-copper-moly anomalies in 2016, intrusive & breccia complex, strongest alteration, detected large and open-ended anomalies in all directions, including depth

➢ Aztec obtained drill permit and all necessary surface agreements in 2017, commenced drilling late 2017, ended in early Q2, 2,675 meters drilled, 17 holes

➢ Aztec recently won a land lottery and obtained two new claims totaling 3,149 has and 6 new targets, 3,649 total hectares

➢ Channel sampling completed over Jasper and California targets, 637 samples

➢ The new targets, such as Purisima, have strong gold in soil anomalies with dimensions of 700m by 700m and never drill-tested

Mission Discovery

Cervantes Gold in Soils, Targets

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2017/2018 Phase 1 Drilling Results

➢ Phase 1 drill program completed, 2,674 metres in 17 core holes

➢ Results are highlighted by the following drill holes:

➢ 160m @ 0.77 gpt gold including 80m @ 1.04 gpt gold, 0.11% copper & 4.0 gpt Ag in 18CER010 from 0.0m

➢ 139m @0.71 gpt gold including 20m @ 2.1 gpt gold and 0.16% copper in 17CER005 from 0.0m

➢ 118m @ 0.63 gpt gold including 43m @ 1.18 gpt gold plus 0.16% copper in hole 17CER003 from 2.0m

➢ 122m @ 0.60 gpt gold including 62m @ 0.88 gpt gold plus 0.06% copper in hole 18CER007 from 0.0m

➢ 170m @ 0.42 gpt gold including 32m @ 0.87 gpt gold plus 0.06% copper in hole 18CER006 from 0.0m

➢ Long and anomalous intervals of gold found in 14 drill holes, 3 holes lost at shallow depths, silver surprisingly anomalous and associated with gold, copper developed in an enrichment environment as chalcocite and covelite replacing pyrite and chalcopyrite

➢ Drill program successfully tested surficial oxide zone (chargeability low) seen in IP geophysics and within 0.5 gpt gold in soil anomaly, deep to shallow oxide encountered, though several targets un-tested and open-ended

➢ California target is open in all directions after Phase 1 drilling

Mission Discovery

California & Jasper Plan View Drilling, Gold & Copper

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IP Chargeability Depth Slices @ 100m & 400m with Drill Holes, Gold in Soil Anomaly, Line 7 IP Inversion

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100m Resistivity

400m Resistivity

Line 7 IP Inversion

100m Chargeability 400m Chargeability

Line 7

Cervantes Project

➢ Finalize soil sample analysis and initiate detailed mapping California and La Purisima

➢ Integrate Terraspec SWIR data with drill hole geochemistry and review for vectors

➢ Continue to review and analyze entire drill hole dataset, extract every ounce of information from data, interpretations and recommendations forthcoming

➢ Conduct helicopter airborne magnetic and radiometric survey over entire property, 100m spaced lines, over 430 line kilometers

➢ Probable metallurgical testing on core by end of Q3

➢ Examine and sample new targets to south and east, El Tigre and La Verde

➢ Seek additional financing for Phase 2 resource drilling on California and recon drilling at Purisima

Aztec Short-Term Plan

Tombstone Silver-Gold Project

CRD Silver-Lead-Zinc-Copper-Gold potential in Arizona, USA

Regional Geology, Deposits, Mineral Belts

Mission Discovery

➢ Arizona Mining acquired the small, historic Hermosa Silver district, discovered the

massive Taylor deposit below and beyond the lead-zinc-silver veins, and attracted a

$1.8 billion take-over by South 32. Tombstone is one of the nearest historic silver

district with Taylor potential

Overview

➢ The Tombstone Mining District is located 65 miles southeast of Tucson, Arizona, accessed by State Highway 80 about a 1.5 hour drive from Tucson, and it is the home of the famous “Shoot-out at the OK Corral”

➢ Discovered in 1877 and became known for its high grade, oxidized, carbonate replacement deposits (“CRD”) of silver-gold-lead mineralization hosted in veins, mantos, pipes and disseminated orebodies.

➢ Much of the richest silver and gold production in the district came from the Grand Central and Contention Mines, located on Aztec’s properties

➢ Historic underground oxide ore grades in the district reportedly averaged 26 oz per ton (“opt”) silver, equal to 892 grams per tonne (“gpt”), 0.21 opt (7.2 gpt) gold and 2.25% lead

➢ Shallow historic drill intercepts: 44.2m @ 1.61 gpt gold and 91.2 gpt silver in TR-001, 9.14 meters of 5.38 gpt gold and 181.7 gpt silver in TR-033, both holes in Contention Pit. (See appendix for further info on historic drilling)

Mission Discovery

District Geology, Mines and Property

Mission Discovery

➢ Most historic silver mines (red squares) at Tombstone are found along structures (red

lines) cross cutting the fault bounded Bisbee Group sediments (light-grey-blue-pink),

Taylor-type CRD potential lies below the old mines of the Bisbee group within the

underlying Paleozoic limestones.

Contention Pit & Old Underground Mines

Mission Discovery

High Grade Grab

12.3 gpt Au

839 gpt Ag

➢ Old timers mined out the highest grade veins around the turn of the 19th century, then

Tombstone Development Company built and operated the Contention open pit on

lower grade stockworks in the early 1980s, material left behind by the historic miners

Tombstone Targets

➢ Shallow oxide silver-gold mineralization remains in pit walls and floor, historic resource estimate 1.2 million tons grading +2 gpt gold equivalent which would now be considered high grade open pit material – Aztec has not verified this historic resource and is not relying on it

➢ Shallow drill targets left open-ended, follow-up surface exploration now underway, lots of room for expansion

➢ New trench and channel sampling should highlight and enhance near surface targets, develop deep targets and better understanding of mineralized structures

➢ Most historic mining conducted within the upper stratigraphic sequence, the Bisbee Group sedimentary package. The extensive and underlying limestone were barely explored prior to underground mine flooding in 1918

➢ CRD potential in the underlying limestones is thought to be very good not only under the Contention Pit , but also potentially to the south, east, and north

➢ Historic drilling by Santa Fe Mining from 1988-1990 targeted for CRD mineralization and encountered narrow high grade intercepts such as 0.5’ of 31 opt Ag, 0.8% Cu, 3.2% Pb, 17.3% Zn and 1.0’ of 13.42 opt Ag, 5.1% Pb, 3.7% Zn and 23’ of 6.4 % Pb, 2.57% Zn

Mission Discovery

Historic Production & Drilling

Mission Discovery

➢ Discovered in 1877, production ran from 1878 to 1939, 32M ozs silver from 1.5M tons plus 240,000 ozs of gold, 65M lbs of lead, 2.5M lbs of copper and 1.1M lbs of zinc

➢ Historic underground oxide ore grades averaged 26 oz per ton (“opt”), 892 grams per tonne (“gpt”), silver, 0.21 opT (7.2 gpt) gold and 2.25% lead

➢ In 1980, open pit, heap leach mining commenced at the Contention Pit until 1985, then intermittently until 1989

➢ Santa Fe Pacific Mining conducted exploration drilling west and north of the current property in the late 1980’s

➢ Their drilling targeted deep CRD sulphides, encountering thin high grade mantos in favorable limestone units such as 0.30 meters of 879 pt Ag, 0.81% Cu, 3.2% Pb, and 17.3% Zn and another hole with 7.16 meters of 32.3 gpt Ag, 0.6% Cu, 6.54% Pb, and 2.6% Zn

➢ USMX drilled 24,115 feet (7,350 meters) in 86 RC drill holes in 1993, one of their better drill intercepts assayed 1.61 gpt gold and 91.2 gpt silver over 44.2 meters length in hole TR-001 with another hole encountering 30.5 meters @ 2.65 gpt gold and 37.6 gpt silver in TR-041

*The main source of historical mining information referred to herein is the Baroyeca NI 43-101 report on the Property by Linda Caron dated August 23, 2011**Aztec does not have any information on the quality assurance or quality control measures taken in connection with these historical drilling results, or otherexploration or testing details regarding these results

USMX and Santa Fe Drill Holes, Targets

Mission Discovery

Historic USMX RC Drill Highlights

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➢ USMX drilled 7,350m in 86 RC holes around the north half of the Contention Pit 4 years

after open pit mining had shut down

South Contention Pit Historic Sampling

Mission Discovery

➢ Silver in opt on upper

side and gold in opt

on bottom side of

each sample line, 85

meters longitudinal

by up to 32 meters

width. Area

subsequently buried

by sand and gravel

operations

➢ Trench 10200N

contained 9.45 meters of

8.15 gpt Au & 385.7 gpt

Ag. Trench 10175N

contained 13.41 meters

of 3.25 gpt Au and101.8

gpt Ag

Geology of Tombstone & Taylor➢ Potential high-grade, bulk tonnage carbonate replacement deposits (“CRD”) could lie below the

Bisbee Group in the underlying Paleozoic limestones, a geologic setting similar to the Taylor deposit of Arizona Mining, located only 65 kilometers southwest of Tombstone, who recently completed a CAD$1.8 billion friendly take-over by South 32

➢ Tombstone contains several oxidized “manto” replacement silver-lead-copper-gold-zinc oxide bodies that were exploited to depths of 500 feet (150 meters) before encountering the water table, then mostly sulphides the old-timers could recover to 1,000 feet (300 meters) before the water pumps failed twice and the mines flooded

➢ High grade manganese-silver mantos and veins are peripheral to the gold-silver rich Contention Pit at Tombstone and strong lyindicative of zoning seen in large CRD manto deposits worldwide

➢ Historic deep drilling at Tombstone by Santa Fe, west and north on our property, encountered narrow but high grade CRD mineralization, proving the potential for a larger CRD system

➢ Historic mining near Taylor focused on shallow high grade polymetallic (lead-zinc-copper-silver) oxide and Trench/Josephine vein ores and silver-manganese rich replacement deposits at Hermosa

➢ The polymetallic veins above and lateral to the Taylor Deposits were exhausted at depth capacity, recent deeper drilling discovered the Taylor massive sulphide CRD deposits

***The Bisbee Copper Queen CRD is 33km to the southeast and historically mined 53.0MT @ 5.5% Cu, 62 gpt Ag, and 1.4 gpt Au from Paleozoic carbonates between 1880 and 1975, excluding the porphyry copper-gold deposit

Mission Discovery

Taylor CRD Discoveries and Historic Veins

Mission Discovery

➢ Shallow Polymetallic veins and oxide replacements are the upper expression of the

deeper polymetallic massive sulfide replacement orebodies

Porphyry and CRD Model, Tombstone

Mission Discovery Model modified from Sillitoe, 2010

➢ Phase 1 CAD$139,000 exploration program of structural and geological mapping, soil and rock sampling, trenching and airborne geophysical surveying

➢ Detailed surface structural mapping and geochemical sampling program to build a models for shallow and deep targeting

➢ Conduct trench sampling where it will enhance drill targets, USMX drill area, and southern part of Contention Pit, trenching program

➢ Transform hard copy data into digital data and digitize underground workings into 3-D format to complement surface geology for enhanced evaluation and advancement

➢ Conduct airborne magnetic-radiometric geophysical survey to refine drill targets

➢ Evaluate peripheral targets that meet similar target concept

Tombstone Phase 1 Exploration Program

Contact Information

Contact:

Joey Wilkins, President & CEO

Tucson, AZ, USA

Cell: (801) 550-9893

Email: joey@aztecminerals.com

Neil MacRae, VP IR

Vancouver, B.C.

Tel: (604) 685-9770

Cell : (778)999-4653

Email: neil@aztecminerals.com

www.aztecmetals.com

Mission Discovery