Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

June 01, 2011 06:00 ET

Salazar Continues to Cut High Grade in Curipamba With 7.95 Meters of 10.32 g/t Gold, 227.51 g/t Silver & 6.31% Zinc

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FFRANKFURT:CCG) reports new assay results from the ongoing diamond drilling program on its 100% owned (30,327 ha), precious metals' rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 113 intersected 7.95 meters of mineralization grading 10.32 g/t gold, 227.51 g/t silver, 0.75% copper, 2.88% lead and 6.31% zinc, including 2.40 meters grading 33.24 g/t gold, 734.63 g/t silver, 2.31% copper, 9.42% lead and 18.99% zinc (Figure 1 - to view click on: http://media3.marketwire.com/docs/srl61i.pdf; Table 1). The intersection indicates copper, gold and silver-rich mineralization continuing to the west. Salazar currently has two drills delineating and extending the deposit.

Mr. Salazar says, "The hole 113 intersection is further confirmation of the extent and character of the high grade mineralization in this area of the El Domo deposit. The high gold and silver values are particularly impressive."

Table 1Significant Intersections
HoleFromToWidthGoldSilverCopperLeadZinc
#(m)(m)(m)(g/t)(g/t)(%)(%)(%)
CURI-11336.7544.77.9510.32227.510.752.886.31
incl36.7539.152.433.24734.632.319.4218.99
74.0890.4816.40.2613.440.720.082.37
CURI-114103.5105.962.461.2130.291.040.150.98
*Widths represent down hole core lengths.
Table 2Hole locations and targets
Drill HoleSectionAzimuthDipElev. (m)EOH (m)Location of Nearby Significant Intersection
DDH 1135250 N90˚-75˚876143.9550 m west of DDH 10613.74 g/t Au; 75.85 g/t Ag; 4.39% Cu and 1.50% Zn over 36.33 meters
DDH 1145350 N90˚-75˚957110.7550 m east 0f DDH 6121.41 g/t Au; 12.97 g/t Ag; 3.61% Cu and 0.28% Zn over 9.03 meters
1: News release of May 10, 2011; 2: News Release of September 24, 2010

Hole 113, drilled approximately 50m west of hole 106, intersected the massive sulphide horizon as well as mineralized breccias. The strong gold, silver and copper grades indicate the area of high grade mineralization continues to the west.

Hole 114 was drilled to test if the massive sulphide mineralization is present at depth beneath the andesite sill. The hole was unable to advance past the contact between the andesite and the grainstone unit, which typically caps the massive sulphide mineralization, because of strong fault-related clay development. Further drilling is required to test this area.

Drill core samples are analyzed by ALS Chemex Labs Ltd., an ISO 9001:2000 certified laboratory. Prospecting, soil and stream sediment samples are analyzed by BSI Inspectorate Services an ISO 9001:2000 certified laboratory which also has an accreditation of ISO 17025. Salazar maintains a QC program is used whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

Kieran Downes, P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release.

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)(FFRANKFURT: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 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.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. 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. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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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