Azul Ventures Generates High Grade Magnetite Concentrate from its Caballo Blanco Project

TORONTO, ONTARIO--(Marketwired - Oct. 30, 2013) - Azul Ventures Corp. (TSX VENTURE:AZL) ("Azul" or the "Company") is pleased to report results of a detailed ground magnetic survey, trenching and concentrate production from bulk sampling at its Don Baucha prospect in the Caballo Blanco mineral block in Chile.

MAGNETIC SURVEY

Several old magnetite iron workings are located at the Don Baucha project. Azul commissioned Argali Geofisica E.I.R.L to complete a detailed ground magnetic survey to determine the possible extension of shallow magnetite mineralization associated with the workings. The survey outlined a number of intense east-northeast trending anomalies, some of which are associated with the magnetite exposed in the workings and some of which are adjacent to the workings (see Figure 1).

To view Figure 1 accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/907996.pdf

Joe Jordan, M.Sc. of Argali Geofisica E.I.R.L, concluded that:

"The North-South ground magnetic lines at 50 and 25 metre spacing outline multiple strong, narrow magnetic anomalies that are indicative of magnetite veins near the surface. The highest concentration of strong, shallow anomalies occurs in the southwestern portion of the grid where numerous anomalies are identified in an area with known magnetite workings.

Several larger, deeper magnetic bodies are outlined. The largest body in the southwest measures 300 x 300 metres while a North-South trending body in the north-central measures approximately 100 x 700 metres. These bodies are modeled with magnetic susceptibilities' in the range of 0.65 to 1.0 SI which are sometimes indicative of economic magnetite grades. Drill testing of these larger magnetic bodies is recommended."

REPRESENTATIVE AND BULK SAMPLING

Representative and bulk sampling were carried out over the waste dump material associated with the workings and the results returned very encouraging iron values. Three representative samples were collected from each of the 3 main areas of old iron workings. Each sample is a composite of material from 10 to 15 shallow pits dug into the dumps at locations selected to be representative of the dumps. These three samples were analysed at the ALS Laboratory in Chile.