Azco Mining Announces Name Change to Santa Fe Gold Corporation.

ALBUQUERQUE, N.M. -- Azco Mining Inc. (OTC Bulletin Board: AZMN), a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, announced today that it had received an overwhelmingly favorable stockholder vote on all proposals at its Annual Meeting held on July 24, 2007, including amendments to its certificate of incorporation to change the company's name to Santa Fe Gold Corporation, and to increase its authorized common stock.

Dr. Pierce Carson, CEO, said, "We are excited by our name change to Santa Fe Gold Corporation, which better reflects the company's strategic emphasis on precious metals. Both our precious metals properties, the Summit silver-gold and Ortiz gold, are located in New Mexico, and we recently relocated our corporate headquarters to Albuquerque.

"With the Annual Meeting now behind us, as our first priority we will be devoting our efforts to advancing the Summit silver-gold project toward production.

"We are gratified by the overwhelming support received from stockholders and wish to thank each and every one for the confidence they have expressed in management and in the future of the company."

About Azco Mining Inc. (AZMN)

Azco Mining is a U.S.-based mining and exploration company focused on acquiring and developing gold, silver, copper and industrial mineral properties. The company owns the Summit silver-gold property and a mill site and processing equipment in southwestern New Mexico; mineral lease rights to the Ortiz gold property in north-central New Mexico, believed to contain 2 million ounces of gold; the Black Canyon mica mine and processing facility near Phoenix, Ariz.; and a large resource of micaceous iron oxide (MIO) in western Arizona. Azco Mining intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals. To learn more about Azco Mining Inc., visit http://www.azco.com.

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, Section 21E of the Securities Exchange Act of 1934, as amended, and 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.