Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

July 08, 2010 08:00 ET

Salazar Drilling Extends Mineralization at El Domo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar, President and CEO, is pleased to announce drill results from the El Domo anomaly, Las Naves Central area, at the Curipamba Project, Ecuador.

Drill Highlights from Diamond Drill Hole (DDH) Curi-52: (See Figure 1: http://media3.marketwire.com/docs/1srl77.pdf)

  • 21.5 metres of 1.87 g/t gold; 27.56 g/t silver; 1.66 % copper, and 0.83% zinc;

including:

  • 7.5 metres of 3.52 g/t gold, 62.87 g/t silver, 1.31 % copper, and 1.61 % zinc

The Company has now completed three holes since recommencing its Phase 2 program. Each of the first four holes are 50m step-outs as seen in Figure 2: http://media3.marketwire.com/docs/2srl77.pdf. DDH Curi 53 is located 50m south of DDH Curi 52 and DDH Curi 54 is located 100m south of DDH Curi 52.

Drill hole 52 is located 50 metres east from drill hole 46. Total length of hole was 171m with a 90 degree strike and -60 degree dip.

Drilling continues at El Domo to test extension south of the deposit and additional exploration targets will be tested as part of the current 18,000 m drill program.

From To Length Au Ag Cu Zn
(m) (m) (m)* g/t g/t % %
44.4 65.93 21.5 1.87 27.56 1.66 0.83
Including:            
44.4 51.87 7.5 3.52 62.87 1.31 1.61
58.37 65.9 8.9 0.97 10.13 2.61 0.58
*Note: widths reported are not true width

The drill program is continuing at Las Naves central and assay results for drill holes 53 and 54 are pending.

Mr. Fredy Salazar states, "The recent drill results at the El Domo anomaly validate our belief that El Domo mineralization continues to the south, east and north. We plan to focus our exploration at El Domo to prove up what we believe is a significant discovery and through systematic exploration efforts, adding significant tonnage to first of what could be many polymetallic mineralized bodies on the Curipamba project."

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

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

A QC program was used whereby 5% of all samples sent to the laboratory were standard samples with known silver and gold values. Sample preparation was performed by BSI Inspectorate Quito, Ecuador, using standard industry practices (sample prep minus 32). Analytical work was carried out at the BSI Inspectorate Laboratory in Lima, Peru, using fire assay methods for gold (Au-25 procedure). Standard samples, blanks and duplicate check samples were randomly inserted to the sample batch to ensure quality control.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

"Fredy Salazar"

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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