Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

June 21, 2012 09:00 ET

Salazar Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce the results of the Company's Annual General Meeting of shareholders held on Wednesday, June 20, 2012.

Messrs. Fredy Salazar, Pablo Acosta, Graeme Robinson, Nick DeMare and Etienne Walter were re-elected as directors for the ensuing year. All items put forth at the meeting were approved by the shareholders, including an ordinary resolution to ratify the Company's existing stock option plan.

Following the shareholders meeting, the directors appointed Mr. Fredy Salazar as President and Chief Executive Officer, Mr. Pablo Acosta as Chief Financial Officer, Mr. Nick DeMare as Corporate Secretary and Mr. Harvey Lim as Assistant Corporate Secretary.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

About Salazar Resources: 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 have 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.

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.

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