Salazar Resources Limited

Salazar Resources Limited

October 26, 2007 09:00 ET

Salazar Provides Update at Curipamba, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) announced on October 12th that the drill program had been temporarily suspended due to protests which had occurred at the Company's work site. Management is continuing to work with local communities and the government to ensure that the protestors do not return to the Company's work site and that site safety and security is maintained.

In response to the Company's requests that action be taken to enforce the rule of law and allow the Company to proceed with its work programs, the provincial governor has called for a meeting to be held this weekend. In attendance will be government officials, Company representatives, leaders of the local communities and of the protestors.

Mr. Salazar, President, stated, "I am very pleased with the initiatives taken by the government to deal with this situation. We are all anxious to resume our drill program and this meeting is a positive step in resolving this. Once this meeting takes place the Company will report more precisely when the drill program will resume."

To view maps and photos related to the Curipamba Project please visit:


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. The Company's Ecuadorian base provides a strategic advantage, enabling exploration to be completed at a rapid pace. The Company employs 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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