Azucar Minerals Ltd. announced the results of a recently completed mineral chemistry porphyry vectoring study which has identified a new target area for a possible central porphyry system to the El Cobre project. The Company also wishes to update shareholders on the now-completed summer drill program. Mineral vectoring study was completed at the CODES Analytical Laboratory of the University of Tasmania and utilized chlorite and epidote samples collected from the El Cobre project earlier this year; Published studies show the effectiveness of this method around the world such as at the giant El Teniente Chile, Resolution, Arizona and Batu Hijau, Indonesia porphyry systems; Study indicates that the El Cobre district likely contains a fertile medium to large sized porphyry system; Most prospective area is located in the centre of the project where there has been little previous exploration drilling; This area coincides with a deep IP geophysical anomaly which does not crop out, within an area of moderate magnetic response. The deep IP anomaly is the deep core to the broad near surface anomaly which encompasses all the currently known areas of porphyry mineralisation on the project; The area also overlaps with a large area of mapped pyrophyllite, an alteration mineral often observed overlying porphyry copper-gold mineralisation; Field work underway to prepare for future drilling campaign. Background to Mineral Vectoring Study Results: The mineral vectoring study was completed at the CODES Analytical Laboratory of the University of Tasmania and utilized chlorite and epidote samples collected from the El Cobre project earlier this year. The technique employed uses trace element chemistry of epidote and chlorite to detect the likely location of porphyry copper systems in a large altered area. Published studies show the effectiveness of this method around the world such as at the giant El Teniente Chile, Resolution, Arizona and Batu Hijau, Indonesia porphyry systems. The results of the El Cobre study indicate that the district likely contains a fertile medium to large sized porphyry system. The vectoring was performed using proximitor equations from the Batu Hijau, Ujina, Northparkes and El Teniente porphyry deposits. While the vectoring identified some of the known areas of porphyry mineralisation such as Norte, it provided a clear indication that the most prospective area is located in the centre of the project where there has been little previous exploration drilling. This area coincides with the location of a deep IP geophysical anomaly within an area of moderate magnetic response. The deep IP anomaly is the deep core to the broad near surface anomaly which encompasses all the known outcropping porphyry targets on the project. The closest hole to this deep core IP anomaly, which did not test the anomaly, intersected intense quartz pyrite sericite (QSP) phyllic alteration which provides further support to this new target representing a possible porphyry centre. At the same time fluid inclusion work and geologic observations indicate that the level of exposure on the project is at the top of the porphyry environment, indicating potential for improved grades and deep porphyry mineralisation as yet undiscovered on the project. These observations include the identification of a large area of pyrophyllite alteration through previous geologic mapping. Pyrophyllite is an alteration mineral that is formed in porphyry systems and often overlies porphyry Cu-Au mineralisation. A map is provided which shows the IP geophysics and pyrophyllite alteration zones relative to past drilling and previously defined targets. Field work has already been initiated in this area in order to identify any surface alteration and mineralisation evidence and to prepare for a future drilling campaign to test this large target area. Past drilling campaigns have returned significant porphyry copper and gold assays from multiple targets around this new undrilled target area. The previously tested and known porphyry mineralisation, including the Norte deposit on which the company has developed a resource, appear to mantle and surround this new target area in a roughly arcuate zone of high magnetic response.