Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

June 15, 2010 08:00 ET

Salazar Commences Phase 2 Drill Program at Curipamba, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce that the Company's 18,000 meter, Phase 2 drill program has commenced at the Curipamba Project in Ecuador.

The objective of the Phase 2 drill program is to continue the delineation of the El Domo deposit which is open to the north, south and west, and to test numerous other surrounding anomalies with similar geophysical and geochemical signatures, consisting of the following:

- 10,000 meters in 59 diamond drill holes (DDH) in order to look for the El Domo deposit extension and also test the other geochemical and geophysical anomalies at the Las Naves central area; (See Figure 1: http://media3.marketwire.com/docs/srl614.pdf). The current program will continue the ore body delineation to the south with hole Curi-10-52 to be drilled 350 meters south of Curi-08-50 and 50 meters east of Curi-08-46 which intersected 16.3 meters of 3.59 g/t Au, 114.2 g/t Ag, 3.42 % Cu, 0.83 % Pb and 5.52 % Zn.

- 8,000 meters in 41 DDH at geochemistry and geophysics anomalies at the Sesmo Sur, La Vaquera and Agua Santa anomalies; (See Figure 2: http://media3.marketwire.com/docs/2srl614.pdf).

Fredy Salazar, President and CEO states, "We are very pleased to recommence our drilling and continue on the success we experienced in our Phase 1 program which was cut short with the introduction of the mining mandate. We are confident that the continuation of the delineation drilling of the El Domo deposit will add significant tonnage to first of what could be many polymetallic mineralized bodies on the Curipamba project."

The Curipamba Project:

The Curipamba Project is a new gold rich and base metal Volcanogenic massive sulphide (VMS) camp in western Ecuador, in the Western Mountain range's Macuchi Group about a 2.5-hour drive from Ecuador's major port city, Guayaquil. There are a number of priority areas identified on the Curipamba project area including Sesmo Sur, Las Naves Central and Piedras Blancas.

Thus far, Salazar has discovered one deposit with a resource at Curipamba (El Domo) and one additional occurrence (Sesmo Sur). The Curipamba VMS camp is one of three major hydrothermal centres in the Ecuadorian Andes, each separated by 50-60 km. The Curipamba district is the southernmost of the three significant VMS camps in the Eocene volcanic arc of Ecuador. 

John Buckle, P.Geo., P.Geoph., is the qualified person for the company and has reviewed this news release for its accuracy.

For more information please visit our website at: www.salazarresources.com

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

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 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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