Salazar Resources Limited

Salazar Resources Limited

November 06, 2009 14:43 ET

Salazar Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to report that on November 4, 2009 President Correa signed the mining regulations into law in Zaruma, El Oro province. The signing included several delegations of mine workers, union representatives, Coordinator of Strategic Sectors Minister Galo Borja and Minister of Non-Renewable Natural Resources, Germanico Pinto. The Company expects to receive a copy of the new Regulations shortly.

Fredy Salazar, President and CEO, states, "This marks a milestone for the mining sector in Ecuador and is consistent with the country's mandate of providing sustainable and responsible mining in the country. We look forward to recommencing our operations shortly."

Salazar now awaits a final community consultation with Government officials and the Company itself, after which work will be able to resume on the Company's properties. The Company has received all necessary permits in order to restart its operations at the Curipamba Project.


Fredy Salazar, President & CEO

About 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 in 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. Being an Ecuadorian based company gives the company a strategic advantage enabling the company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects - 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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