Azul Drops A Non-Core La Higuera Property Option

Azul Ventures Inc. ("Azul", or the "Company") (TSX VENTURE:AZL) announced that
it had decided to drop the Findel option agreement (Hogar, Lolita, Santa Rosa
and Santa Gertrudis mineral rights) and the Company did not make the US$165,000
option payment under the agreement which was due on December 15, 2012.


The Company regards the Findel Property as non-core and peripheral to the main
mineralized zone on the La Higuera Property on which future exploration drilling
and development will be planned. The focus of the Company's exploration at the
La Higuera Property will be on the San Antonio, Mina Sol and La Sin Nombre
mineral rights. Option payments on these properties, under renegotiated terms
totaling US$114,000, were made earlier in December.


In addition, as recently announced, terms were renegotiated on the Andale and
Benja mineral rights agreements allowing the Company to earn a 100% interest in
all of the mining concession that are subject to those option agreements solely
through the issuance of Azul common shares, eliminating any future cash
payments.


As a result of dropping the Findel option agreement, the La Higuera Property now
consists of five separate agreements over 1,119 hectares (down from six
agreements over 1,230 hectares). A map of concessions at the La Higuera Property
is attached below in Figure 1.


David O'Connor, President and CEO, said, "While we would have preferred to
maintain the Findel property option, we were not willing to make the scheduled
US$165,000 payment on a part of the La Higuera Property that has been assessed
by the Company to be a non-core part of our future exploration plans. The
mineral rights blocks within the remaining five agreements cover the core of the
most prospective zone at La Higuera, on which two open pit mines are currently
exploiting copper oxide ore and beneath which the Company believes there is
substantial high grade copper sulphide mineralization."


Amended and Restated Loan Agreement with Directors and Officers

The Company has also entered into amended and restated loan agreements with Tony
Wonnacott, a director of the Company and Brad Boland, the Company's Chief
Financial Officer and Corporate Secretary. Under these loan agreements, a total
of $930,000 has now been made available and advanced to the Company. In
addition, the Company entered into loan agreements with David O'Connor,
President, CEO and a director of the Company and Francisco Schubert, the
Company's Chilean Country Manager, under which US$120,000 has been made
available and advanced to the Company. The loans accrue interest at a rate of
10% per annum and is payable at the end of the term of the loan on January 15,
2013. The loans are unsecured and there are no conversion provisions.


About Azul Ventures Inc.

Azul Ventures Inc. is a mineral exploration company with the rights, through its
wholly owned subsidiary Minera Azul Ventures Limitada, to acquire a 100%
interest in two prospective copper-iron properties in La Higuera, Chile: the La
Higuera Property and the Caballo Blanco Property. The properties are located
approximately 600 km north of Santiago in a prolific I.O.C.G. belt surrounded by
excellent infrastructure in a mining friendly jurisdiction.


The La Higuera Property was assembled as a result of the first-time
consolidation of mining rights and covers a historic copper mining district with
mining activity dating back to at least the late 18th century; however, there
had been no known modern exploration conducted on the property. Since the
consolidation of the mining rights in June 2011, Azul completed a rock sampling
program, completed geophysical work which generated intense magnetic and
chargeability anomalies coincident with existing copper workings, finalized a
4,088 m drill program and an underground mapping and sampling program.


The Caballo Blanco Property, which begins approximately 1 km southwest of the La
Higuera Property, has historical copper workings and a total of 15 broad spaced
reconnaissance holes were completed at Caballo Blanco by previous option
holders. The Company has received and logged the core from these historical
drill holes.


Cautionary Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, are
forward-looking statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements, or other future events,
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional financing;
operational risks associated with mineral exploration; market conditions;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; the potential for conflicts of
interest among certain officers, directors or promoters with certain other
projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the "Risk
Factors" section of the Company's Filing Statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and Azul undertakes no obligation
to update forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as required by applicable securities
laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.


To view "FIGURE 1: MAP OF CONCESSIONS AT LA HIGUERA," please visit the following
link: http://media3.marketwire.com/docs/AZL2812_figure1.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azul Ventures Inc.
David O'Connor
President and Chief Executive Officer
(416) 907-7363
info@azul-ventures.com
www.azul-ventures.com
(TSXV:AZL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024