Aztec Announces Brown County ProductionIncreases �

Aztec Announces Brown County ProductionIncreases  HOUSTON, TX November 8, 2012 -- Aztec Oil & Gas, Inc. (Pink Sheets: AZGS – News)announced that Aztec gained control over operations of the Guthrie Ranch fieldin Brown County, Texas, effectively in early 2012.  After that, there was a period of time neededto inventory, clean up the former operator’s (Ziegler Peru Inc.) presence, andimplement the typical standard operations in the field to which Aztec isaccustomed.Therealso had to be electrical service and vendor transfers occur in conjunctionwith the lawsuit filed against ZPI and its principal on January 5, 2012. Oncethe change over was accomplished, Aztec began focusing on the field operationand production.  The result of Aztec’sproduction improvement program for the Aztec Brown County wells is beginning toshow. Forthe 14 months that ZPI operated the field, monthly reporting of oil productionaveraged 286 barrels.  After the start upperiod for Aztec, we are reporting approximately 436 BO per month average overthe last few months, with approximately 828 BO produced for October 2012. “Inspite of a difficult beginning with the Brown County field, and Aztec having toremove the former operator (ZPI), we are encouraged with our progress,” statedWaylan R. Johnson, President of Aztec Oil & Gas, Inc.  He further stated, “We are currently in thefield completing additional wells and adding production weekly.” About AztecOil & Gas, Inc. Aztec isan experienced oil and gas exploration, development and production companyfocusing on Texas, plus other areas of the U.S. Its interests are highly diversified between development drilling andexploration drilling; however, when it offers drilling/production partnerships,Aztec focuses primarily on Texasshallow, lower risk, development and step out oil wells. When offered, thoseprograms/partnerships are placed, with accredited investor partners, onlythrough FINRA registered Broker Dealers, and Registered Investment Advisors;and, are focused primarily on oil, with natural gas normally being thesecondary target of production. Aztec hasbeen in the oil/gas business since 2004, and entered the sponsored drillingprogram industry in 2006.  Over the nexttwo and one half years, beginning in late 2006, Aztecintentionally restricted itself to only three small, very limited Appalachian,natural gas drilling partnerships. Such was done in order to study and becomefully familiar with the nuances of the sponsored drilling program industrybefore expanding to the Company's full capabilities.  In the summer of 2008, Aztecfortuitously and publicly announced it was discontinuing any natural gasdrilling in Appalachia, and was ready to substantially expand its sponsoreddrilling program activities, along with its other activities, primarily for oilin Texas. Asto only its sponsored drilling partnerships, when offered; since 2008, Aztec has, indeed, focused almost all of thosepartnerships on oil wells in Texas.  Inaddition to its early, initial three small Appalachian natural gas drillingpartnerships mentioned above; Aztechas, intermittently, sponsored and closed a significant number of otherdrilling/production partnerships (all of the latter, as stated, focusedprimarily on drilling for oil in Texas). Aztec Energy LLC, awholly-owned subsidiary of Aztec Oil& Gas Inc., is the Managing General Partner of all Aztecdrilling partnerships; and another wholly-owned AztecOil & Gas Inc. subsidiary, AztecDrilling & Operating, LLC, is the drilling contractor and contractual welloperator for such partnerships.  Throughits own participation, contributions and coverage, Aztecowns a 30% interest in all of its drilling/production partnerships.  In general clarification of its activities,in addition to its own direct corporate participations in industry partnerwells, Aztec sometimes sponsorslower risk, development drilling/rework/production programs which includesignificant tax benefits; all of which are offered only through FINRARegistered Broker Dealers and Registered Investment Advisors to AccreditedInvestors.  Aztec’ssponsored drilling/rework/production programs, when offered, focus primarily onshallow oil/gas drilling, are considered unique, and also incorporate asophisticated exit strategy for investors. Please feel free to visit Aztec on the web at www.AztecOG.com.  An option is provided on the website to jointhe Aztec (corporate) mailing list and receive up to date information ongeneral Aztec activities, including all Aztec press releases. Thisrelease/announcement/document is neither an advertisement, an offer to sell,nor a solicitation of an offer to buy securities, Units or participations of Aztec Oil & Gas Inc., its subsidiaries oraffiliates (collectively “Aztec”).This release/document contains certain statements, estimates, and forecastswith respect to future performance and events. All statements other thanstatements of historical fact included in this release/announcement/document, aMemorandum, or the Aztec website,including, but not limited to, statements regarding future performance ofevents, are forward-looking statements. All such forward-looking statements arebased on various underlying assumptions, estimates and expectations and aresubject to risks and uncertainties which could cause actual events to differmaterially from those expressed in such statements. As a result, there can beno assurance that the forward-looking statements included in this release/announcement/document, a Memorandum, or the AztecWebsite will prove to be accurate or correct. In light of these risks,uncertainties and assumptions, the future performance or events described inthe forward-looking statements in this release/announcement/document, aMemorandum, or the Aztec Websitemight not occur. Accordingly, investors should not rely upon forward-lookingstatements or historical performance as a prediction or indicator of actual orfuture results. Also, Aztec Oil& Gas, Inc., its officers, principals, employees, agents, subsidiaries,affiliates and consultants, and the other parties, investors, shareholders,partnerships and partners, involved in any properties, programs, partnershipsand Aztec ownership or activities,have various, material conflicts of interests. The price(s) received for theoil and natural gas produced from any investments, activities or properties maybe less, or more, than quoted NYMEX prices at any given times. Specificresults, yields, benefits, etc. are not guaranteed by Aztecand are subject to risks and limitations inherent in the energy industry and/ordescribed in any Memorandum and elsewhere. Aztecdoes not undertake any obligation to update any forward-looking statements,facts or other information, whether as a result of new information, future events,subsequent circumstances or otherwise.   Contacthoenix IRAssociatesInvestor RelationsTony Drake(281) 579-1602Shareholders@AztecOG.com 

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