Azco Files 2003 10-K.

GLENDALE, Ariz. -- Azco Mining Inc. (OTC: AZMN), a U.S.-based mining and exploration enterprise with an emphasis on industrial minerals, gold and copper, and owner of a large high-quality mica deposit, today announced that it had filed its annual financial report on Form 10-K for the fiscal year ended June 30, 2003. The company also expects, in the near future, to file the additional quarterly financial statements necessary for it to return to full compliance with SEC financial reporting requirements.

Chief Executive Dr. Pierce Carson stated that returning to current reporting status will be essential for the company to be able to aggressively move ahead with its strategic agenda, including acquiring precious and base metal assets, arranging financing for its mica operation and creating value for shareholders.

In January 2004, quotation of the company's securities on the Nasdaq OTC Bulletin Board ("OTCBB") was deleted because the company was delinquent in the filing of its financial statements. The company intends, as soon as it brings current its financial filings, to apply for resumption of trading of its common shares on the OTCBB.

In November 2003, trading of the company's common shares on the Toronto Stock Exchange ("TSX") was halted because the company was delinquent in the filing of its financial statements. In August 2004, the company's common shares were suspended from further trading on the TSX after the company fell below several requirements for continued listing, primarily related to its financial condition and operating results. The company is exploring the option of listing on the TSX Venture Exchange. Meanwhile, Canadian shareholders are able to trade their shares in United States markets.

Azco Mining Inc. is owner and operator of the Black Canyon mica deposit near Phoenix, a large mica resource containing a drilled reserve of 422 million pounds of recoverable mica and 3.7 million tons of by-product feldspathic sand. In 2003 and 2004 the company sold limited quantities of mica and of its engineered mica-filled plastic pellet product to a major company that is an important producer of plastics for the automotive industry. Mica is increasingly used as an additive in plastics for its reinforcing properties and for its ultra-violet and heat-resistant characteristics. The company also has supplied mica to a leading global cosmetics manufacturer.

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.