Dr."
The Carache Canyon deposit, in addition to its potential for
open-cut mining, also appears to offer potential for underground
mining of high-grade zones.
Dr.

Black Canyon Mica Property, Arizona

The company has continued to process and sell limited quantities
of its high quality mica powders to the cosmetics and plastics
industries.
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.
This program focuses on testing for previously unrecognized zones
of mineralization by evaluating a new geological model.

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Ortiz Gold Property, New Mexico

Since acquiring rights to the two million ounce Ortiz gold
property, the company has begun assessment of the large quantity of
technical information available. The company is continuing to evaluate
selected geologic and drilling data relevant to the feasibility of
underground mining .

Financial Audit

The company has continued to work on the audit of its financial
statement for the fiscal year ended June 30, 2004.OB is pleased to report the
initiation of a selective drill program by Cadillac West Explorations
Inc.

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As the next step in
advancing the project, we intend to appoint a well qualified
independent engineering firm to carry out further assessment and to
prepare an updated pre-feasibility report.

Precious Metals Acquisitions

With its new focus on precious metals and copper, the company is
actively seeking precious metals properties and currently is
evaluating a number of opportunities for possible acquisition. Discussions are on going with parties who have expressed an
interest in providing the needed funding.
These targets were selected from a re-assessment of historical
data as well as from the results of airborne magnetic and
electromagnetic surveys, a comprehensive litho-geochemical survey and
remote sensing structural analyses.

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The mine at Black Canyon has remained on
care-and-maintenance.
The company continues to seek the financing necessary to upgrade
and expand the mining and processing facilities and to provide working
capital .

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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, and Section 21E of the Securities
Exchange Act of 1934, as amended, the Private Securities Litigation
Reform Act of 1995 and is subject to the safe harbors created thereby. (CWE) on claims in the region of Rouyn-Noranda in western Quebec.

Includes businesses that supply products and services in support of these activities in the fields of geology , geophysics, mining , and other earth sciences.

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The company recently paid the annual lease payment required to
cover the Ortiz gold property until February 2006.
It is important to note that the Corporation's actual outcomes may
differ materially from those in forward looking statements contained
in this press release.

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A pre-feasibility study concluded the deposits
had economic potential for open-cut, heap-leach mining.


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Pierce Carson, CEO, stated, "Based on our review to date, we
have concluded that the Carache Canyon and Lucas Canyon deposits have
promising open-cut mining potential at current gold prices and at
assumed current-day capital and operating costs. Azco owns
mineral lease rights to 90 square miles at the Ortiz gold property in
New Mexico, where previous exploration has identified resources
containing two million ounces of gold.
The remainder of the program will explore mineralized structures
located on east and west extensions of the Francoeur Mine Shear
system.

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The Glendale processing plant was restarted earlier this month and
will operate for several weeks in order to fill recently placed orders
for cosmetic mica.
Resource Finance and Investment Ltd is primarily focused on the
development of industrial minerals and exploration for precious and
base metals in North America.

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The audited
financial statement and several quarterly financial statements must be
finalized and filed with the SEC in order to bring the company's
financial reporting into compliance with regulatory requirements.

Resource Finance to commence selective drill program - Cadillac West Project Quebec Canada

A final
feasibility for the development of the industrial minerals project
situated in southern Oregon is expected to be completed in 2005.

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Both of these targets have been the focus of shallow
exploration drilling in the distant past. The eastern zone was mined
from underground on a small scale in the 1930's and 40's, but little
has been done in recent years.

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The Glendale processing plant has operated on a
sporadic basis as required to supply mica to certain key customers,
using mica flake from inventory.


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Azco Mining Inc . is a US based mining and exploration enterprise
with an emphasis on gold, copper and industrial minerals.
A 600m-plus hole will test for gold mineralization related to the
large Guinard syenitic intrusive situated within the Cadillac Break,
but obscured by Proterozoic sediments. The
Cadillac West precious metal project is located in the well
established mining area of south western Quebec , Canada

Legal Notice Regarding Forward Looking Statement

This press release contains "forward looking statements" including
forward looking statements as that term is defined in Section 27A of
the United States Securities Act of 1933 and Section 21E of the
Securities and Exchange Act of 1934.

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exploration streamer

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In the 1980's, the LAC - Pegasus
Joint Venture carried out extensive exploration and development work
on these two deposits.

Businesses that explore for, or extract, mineral resources .

inmet kaolin

The company is
reviewing information on several partially tested prospects and on
promising exploration targets.
Although the company expects that the required documents will be filed
within the next several weeks, there can be no assurance that this
objective will be achieved. Statements in this press release
which are not purely historical are forward looking statements and
include any statements regarding beliefs, expectation or intentions
concerning the future.

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Business Editors/Mining Editors

GLENDALE, Ariz. Carson said the 90 square-mile Ortiz property is highly
prospective for additional major gold discoveries.

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The seven - hole, 2000 metre core drilling program commenced on
Friday, February 4th. Although the Company believes that the beliefs,
plans, expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs , plans,
expectations and intentions will prove to be accurate.

manganese exploration


(OTC:AZMN), a US based mining and exploration enterprise with an
emphasis on gold, copper and industrial minerals, today provided the
following update of its recent activities. Readers should
refer to the risks disclosures in the Company's public filings with
the Securities and Exchange Commission.

extraction exploration

Azco Updates Gold and Mica Activities

To date the review has focused on the
Carache Canyon and Lucas Canyon gold deposits, which combined contain
over one million ounces of gold.
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 . A second deep hole will test
potential mineralization below known gold occurrences at the Lac
Fortune deposit.

jsco towed



About Azco Mining Inc. Azco also owns and operates the
Black Canyon mica deposit in Arizona, which contains a large resource
of mica and by-product feldspathic sand. Its operations are directed through two
wholly owned subsidiaries and one majority owned entity.

lanthanide wollastonite

dolomite mitsui

----Azco Mining Inc.
Upon regaining currency in its financial reporting, the company
intends to apply for resumption of quotation of its stock on the OTC
Bulletin Board.

Metal/Mining Writers/Business Editors /Mining Editors

HAMILTON, Bermuda----Resource Finance
+ Investment Limited ("RFI") symbol RFIVF . Forward looking statements in this press
release include, but are not limited to statements regarding the
Corporation's anticipation that the Mineral Claims will prove to be
economically viable on a going forward basis, and the Company's
anticipation that it can successfully raise the capital necessary to
acquire and exploit the Mineral Claims, with or without an equity
offering.

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