Aztec Resources Ltd

Aztec Resources Ltd


Has signed a Share Subscription Agreement with CITIC Australia Pty Ltd a major Chinese state-owned investment and trading group.  CITIC Australia will subscribe for 6.63m shares at 7 cents each to raise $464,100 and will be granted free options to subscribe for a further 2.21m shares at 20c each prior to 31 January 2005 subject to regulatory approval.  The placement is in addition to the shares subscribed in 7 August 2003 placement and takes CITIC's interest to 5.0%.

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