MMXLF

Azucar Minerals Ltd. is a mineral exploration and development company. It is focused on exploration of porphyry copper and gold targets in Nevada, United States. It also holds a 100% interest in the El Cobre copper-gold porphyry project (subject to net smelter return royalty interests) in Mexico. The El Cobre Property is located adjacent to the Gulf of Mexico, approximately 75 kilometers (km) northwest of the city of Veracruz in the state of Veracruz, Mexico. The property consists of mineral concessions, covering a combined area of 11,864.4 hectares and Minera Alondra S.A. de C.V., a wholly owned subsidiary of the Company, holds rights to 100% ownership of the property. It has discovered five copper-gold porphyry zones within the El Cobre Project along an approximately 4-5 km trend. It has the option-Joint venture exploration agreement to acquire a 60% interest in three of Almadex Minerals Ltd (Almadex) blocks of claims in Nevada, the Pilot, Confusion Hills and Red Ring prospects.