Salazar Announces Results of Annual General and Special Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2014) - Salazar Resources Limited (TSX VENTURE:SRL)(FRANKFURT:CCG) (the "Company") announces that at its annual general and special meeting ("AGSM") held September 25, 2014, the shareholders elected Messrs. Fredy Salazar, Pablo Acosta, Nick DeMare, Graeme Robinson, Etienne Walter and Juan Ortiz as directors of the Company. The shareholders also passed all other resolutions including ordinary resolutions to: (i) approve the updated "rolling" stock option plan of the Company, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and (ii) approve any private placement arranged by the Company, which may result in the creation of a new "Control Person" of the Company, as defined under the policies of the TSX Venture Exchange, from the acquisition, by Guangshou Group Co. Ltd., of securities of the Company pursuant to such private placement.

Subsequent to the AGSM, the directors appointed Fredy Salazar as President and Chief Executive Officer of the Company, Pablo Acosta as Chief Financial Officer, Nick DeMare as Corporate Secretary and Harvey Lim as Assistant Corporate Secretary.

About Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG) 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 based in Ecuador, thus having thorough knowledge of local human and environmental issues, gives the company a strategic advantage, enabling it 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.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

Neither the 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 news release.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the successful completion of the PEA and the timing of completion of the PEA. Such forward-looking information is based on a number of material factors and assumptions, including that contracted parties provide services on the agreed timeframes and that laboratory and other related services are available and perform as contracted. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.