AZCO Mining Issues Update on Recent Gold Property Acquisitions.

Business Editors

GLENDALE, Ariz.--(BUSINESS WIRE)--Aug. 12, 2002

AZCO Mining, Inc. (AMEX:AZC), an industrial minerals, mining and metals company, announced the following statement today:

"AZCO Mining, Inc. would like to clarify its July 23, 2002 press release regarding the acquisition of the Nevada gold properties. The Company plans to solidify its land position by staking and recording mineral claims and filing annual maintenance fees with the Bureau of Land Management. No additional exploration expenses are currently planned."

To be added to AZCO Mining's investor e-mail and fax lists, please contact Mark Daugherty of Investor Relations International at [e-mail].

About AZCO Mining, Inc.

AZCO Mining is a U.S. mining company engaged in mining exploration and development with a general business strategy to acquire and develop mineral properties amenable to low-cost production. The Company is focused on producing Muscovite Mica from its 100 percent-owned Black Canyon Mica project in Arizona. Construction has been completed on the mica project, and limited production is underway.

Marketing efforts are concentrated on the sale of mica-filled plastic pellets, developed by AZCO, to be used in the production of reinforced plastics. Feldspathic sand, produced as a by-product of mica production, is being marketed for use in stucco production, golf courses and construction sand products. Over 20 cosmetic manufacturers are testing AZCO's mica; three cosmetics companies have approved AZCO mica for use in their products; and the Company has fulfilled initial orders.

The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. Further, the Company assumes no obligation to update or otherwise publicly revise the forward-looking information disclosed herein to reflect circumstances existing after the date hereof.