Salazar Resources Limited

Salazar Resources Limited

October 15, 2009 08:45 ET

Salazar Resources Granted Environmental Permit for the Curipamba Project, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - Salazar Resources Ltd. (TSX VENTURE:SRL) is pleased to report that it has received the final approval for its environmental management plan update for the Curipamba Project, Ecuador. The Company now awaits official notice from the Ministry of Non-Renewable Resources for recommencement of operations.

On April 9, 2009 the company received official notice from the Ministry of Mines and Petroleum, stating that the company was authorized to restart its activities, once necessary approvals have been obtained:

1. Water Permit from the National Water Authority - Obtained June 11, 2009.

2. Updating Environmental Impact Assessment - Final approval October 7, 2009

Fredy Salazar, President and CEO states, "This is a milestone event for Salazar Resources as we can now look to recommence our programs and follow up on our success we had prior to the Mining Mandate. Salazar has been working closely with the government and the granting of this permit shows us Ecuador's commitment to responsible mining in the country. This approval now aligns us with other companies at this stage waiting for final notice such as Kinross (T.K) and Corriente (T.CTQ). We see the recent developments taking place in Ecuador paralleling the positive outcome recently in Mongolia, and the favourable effect it had within the international investment industry."


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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