Salazar Resources Limited

Salazar Resources Limited

April 25, 2008 14:19 ET

Salazar and Other Mining Companies Meet With President Correa and Top Officials: Correa Says Responsible Mining Will Go Ahead in Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2008) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) -

Salazar Resources Ltd. along with seven other mining companies (Aurelian Resources, Cornerstone Capital Resources, Dynasty Metals & Mining, Ecometals Ltd., IAMGOLD, International Minerals Corp. and Corriente Resources) and the Canadian Ambassador to Ecuador, Christian LaPointe, held a joint meeting with the President of Ecuador Rafael Correa and other senior authorities of the mining sector with the objective of analyzing the impact of the recently announced new mining Mandate.

During this meeting President Correa stated that the intention of his Government is to regulate the mining activities in Ecuador fairly; so that mining is beneficial to Companies, the State, and local communities, and to establish a solid foundation for the future development of the mining industry in Ecuador. "We were encouraged by the tone of the discussion in that the Government's goal appears to be working towards a solution for all parties involved," stated Fredy Salazar.

President Correa stated that on Monday, April 28 the Government will begin a process of open dialogue that will serve as a basis for drafting the new mining law and invited all Companies to participate actively in the development of this new mining law.

Salazar anticipates meeting with the authorities of Ecuador on an ongoing basis so to have more information and influence on how the Mandate will affect its mining operations and ultimately its shareholders. The Company will vigorously participate in the development of the new mining law.


Fredy Salazar, President & CEO

Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta del Norte discovery, IAMGOLD's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian based company gives us a strategic advantage enabling us to complete exploration at a rapid pace, with over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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