Substantial Shareholder

RNS Number:6945N
Aztec Resources Limited
12 December 2006

Aztec Resources Limited ("Aztec" or "the Company")

12 December 2006

Update Change in Substantial Shareholder Interests

Aztec has been informed today that Gallagher Holdings Ltd ("Gallagher") ceased
to have a significant shareholding in Aztec on 11 December 2006, as a result of
the termination of a conditional sale agreement between Gallagher and Australian
Royalties Corporation Pty Ltd ("ARC") and the agreement by Gallagher to acquire
from ARC the 25,925,926 ordinary shares in Mount Gibson Iron Ltd ("Mt Gibson")
to be issued to ARC on acceptance of Mt Gibson's takeover offer for Aztec
shares.

Mt Gibson informed Aztec today that its interest in Aztec is now 915,949,052
ordinary shares or 80.89%, including shares owned by parties who have accepted
the Offer. On 11 December 2006 Mt Gibson's interest in Aztec was 828,556,838
ordinary shares or 73.17%.

The announcements made today by Gallagher and Mt Gibson are available on the ASX
website www.asx.com.au

For further information please contact:
Aztec Shareholder Information Line
Australian Callers: 1800 602 244
International Callers: +61 8 6218 4220



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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