Salazar Resources Limited

Salazar Resources Limited

August 28, 2007 08:30 ET

Salazar Announces Approval of Curipamba Sur Environmental Impact Asessment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2007) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce that after a successful Community Relations program and in compliance with the new Regulation of Citizens Participation, the Environmental Impact Assessment for Curipamba Sur was approved and signed by the Ministry of Mines and Petroleum. The Company has received an Environmental Permit to start the Advanced Exploration Phase at the Curipamba Sur Property. "Over the past months, the EIA approval processes have become more rigorous in Ecuador," said Mr. Salazar, President & CEO. "I am very pleased to have received this permit, this is something we have all worked hard to achieve. I would like to thank all those that were involved in this process. We can now move forward with our drill program. We thank our shareholders for their patience and look forward to delivering positive results."

The approved EIA for Curipamba Sur, a 100% SRL property, comprise 49,317 Ha and is located in the central west part of Ecuador. The Company's first drill targets will test the mineralization exposed in outcrops like Sesmo Sur, Gallo, Sesmo, and other significant anomalies discovered at Curipamba.

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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, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, 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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