Aztec Drills 70.1 Meters of 0.80 g/t AuEq (0.49 g/t Au and 16.85 g/t Ag) from Surface in TR26-54 at the Tombstone Project, Arizona

Aztec Minerals Corp. (AZT) reported results from seven reverse circulation holes, TR26-54 to TR26-60, all drilled from the North Extension zone at Tombstone. All intervals reported are downhole lengths, and true widths were not stated.

The company completed 116 RC holes in the 2025-2026 program. TR26-61 to TR26-75, representing 15 holes, have been drilled with assays pending. The release does not state a cutoff grade for the intervals reported.

• TR26-54: 70.1 m from 0.0 m averaging 0.49 g/t Au, 16.85 g/t Ag, 0.80 g/t AuEq; including 4.6 m at 0.63 g/t Au, 18.80 g/t Ag, 0.97 g/t AuEq from 12.2 m; including 3.0 m at 6.85 g/t Au, 87.70 g/t Ag, 8.44 g/t AuEq from 47.2 m. Three deeper low-grade zones were reported between 115.8 m and 152.4 m.
• TR26-56: 86.9 m from 79.2 m averaging 0.27 g/t Au, 12.97 g/t Ag, 0.51 g/t AuEq; including 7.6 m at 0.86 g/t Au, 38.62 g/t Ag, 1.56 g/t AuEq from 141.7 m. Upper zone: 45.7 m at 0.19 g/t Au, 7.35 g/t Ag, 0.32 g/t AuEq from surface. The main interval includes an unsampled historic working from 117.3 m to 123.4 m.
• TR26-59: 54.9 m from 21.3 m averaging 0.20 g/t Au, 11.08 g/t Ag, 0.40 g/t AuEq; including 4.6 m at 1.34 g/t Au, 19.77 g/t Ag, 1.70 g/t AuEq from 32.0 m; including 3.0 m at 0.04 g/t Au, 73.95 g/t Ag, 1.38 g/t AuEq from 56.4 m.
• TR26-60: 44.2 m from 64.0 m averaging 0.24 g/t Au, 16.54 g/t Ag, 0.54 g/t AuEq; including 6.1 m at 0.44 g/t Au, 34.93 g/t Ag, 1.08 g/t AuEq from 97.5 m. A second zone returned 44.2 m at 0.12 g/t Au, 7.58 g/t Ag, 0.26 g/t AuEq from 120.4 m. The main interval includes an unsampled historic working from 103.6 m to 106.1 m.
• TR26-55: 15.2 m from 147.8 m averaging 0.18 g/t Au, 6.95 g/t Ag, 0.31 g/t AuEq; including 3.0 m at 0.71 g/t Au, 25.50 g/t Ag, 1.18 g/t AuEq from 160.0 m; also 25.9 m at 0.17 g/t Au, 6.23 g/t Ag, 0.28 g/t AuEq from 86.9 m.
• TR26-57: 22.9 m from 51.8 m averaging 0.23 g/t Au, 12.07 g/t Ag, 0.45 g/t AuEq; including 6.1 m at 0.36 g/t Au, 21.60 g/t Ag, 0.75 g/t AuEq from 53.3 m; deeper 9.1 m at 0.27 g/t Au, 19.27 g/t Ag, 0.62 g/t AuEq from 158.5 m.
• TR26-58: seven low-grade zones; strongest 16.8 m at 0.11 g/t Au, 6.21 g/t Ag, 0.22 g/t AuEq from 83.8 m and 24.4 m at 0.11 g/t Au, 4.86 g/t Ag, 0.20 g/t AuEq from surface.

Aztec Minerals Corp. (AZT) is an exploration-stage company with no revenue and no current compliant mineral resource. The company’s main near-term catalyst is the maiden Tombstone MRE expected in Q4 2026, with a maiden PEA targeted for 2027. Prior-period context, not disclosed in today’s release, includes a Q2 2026 net loss of C$328,507 for the quarter, C$3.71 million cash at June 30, 2026, and reliance on equity financings.

The latest release extends the North Extension footprint east and west, but it does not add a new zone, a new intrusive centre, a new depth dimension, or a grade materially above prior North Extension results. The best hole is lower grade than the recent TR26-30 and TR26-39 results.

The October 22 release stated that the maiden MRE would incorporate results up to TR26-44; the latest holes TR26-54 to TR26-60 are after that cut-off. They may support later resource expansion, but they do not change the near-term MRE numbers as currently guided.

The stock closed at C$0.35 on November 9, 2026, in the middle-upper part of its C$0.17-C$0.42 52-week range. The release date is November 10, so the price data provided do not show the market reaction.

Materiality should be measured against the equity: at roughly C$75 million market capitalization, a low-grade step-out with no true widths and no new resource estimate is incremental news flow. The deposit thesis remains the same: a large low-grade oxide system with a higher-grade silver overprint and deeper CRD Optionality.

Aztec Minerals Corp. (TSXV/OTCQB: AZT) is a mineral explorer with two North American projects. The company holds an 85.0% joint venture interest and serves as operator for the Tombstone property in Arizona, which has been consolidated to approximately 2,500 acres. The target at Tombstone is shallow, bulk-tonnage, potentially heap-leachable oxide gold-silver mineralization around and below the historic Contention pit, as well as deeper CRD silver-lead-zinc-copper-gold potential in Paleozoic carbonates.

In Mexico, Aztec Minerals owns 100% of the Cervantes project in Sonora, covering 3,649 hectares. The primary target at Cervantes is porphyry gold-copper and oxide gold mineralization, specifically within the California zone.

The company does not currently have a compliant mineral resource estimate for either project. Maiden mineral resource estimates for Tombstone and Cervantes are targeted for the fourth quarter of 2026, with a maiden Tombstone preliminary economic assessment targeted for 2027.

Aztec Minerals has no operating revenue and relies on equity financings and warrant exercises. Prior-period financial context not disclosed in today’s release includes a net loss of C$328,507 for the three months ended June 30, 2026, and C$1,467,489 for the six months. General and administrative expenses were C$400,561 for the second quarter. The company reported C$3.71 million in cash and C$3.60 million in working capital at June 30, 2026. In September 2026, Aztec Minerals completed a C$6.4 million gross bought-deal financing. An investor presentation from November 2026 shows 213.7 million shares issued, 259.0 million fully diluted, and C$8.5 million in cash.