Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

June 16, 2011 06:00 ET

Salazar Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85 g/t Silver, 3.43% Copper & 3.56% Zinc

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) reports new assays from the ongoing diamond drill program on its 100% owned (30,327 ha), precious metals rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 115 intersected 12.8 meters of mineralization grading 4.01 g/t gold, 137.85 g/t silver, 3.43% copper and 3.56% zinc, including 7.03 meters grading 7.07 g/t gold, 230.16 g/t silver, 5.17% copper and 5.96% zinc (Figure 1; Table 1). This intersection expands the area of high grade. Hole 115 was drilled on section with holes 87 and 99 (Table 2). Both of these holes also intersected wide zones of strong gold and copper mineralization.

Mr. Salazar says, "We are very pleased with the intersection in hole 115 which extends the width of the southern high grade area to more than 200 meters."

Table 1 Significant Intersections
Hole #From
(m)
To
(m)
Width
*
(m)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Lead
(%)
Zinc
(%)
CURI-11534.547.312.84.01137.853.430.563.56
incl34.541.537.037.07230.165.170.975.96
* Widths represent down hole core lengths.

Table 2 Hole Location and Target
Drill
Hole
SectionAzimuthDipElev.
(m)
EOH
(m)
Location of Nearby Significant Intersection
CURI-1155150 N90
degrees
-75
degrees
854
122.95
50 m west of DDH 991 - 6.73 g/t Au; 45.80 g/t Ag; 4.69 % Cu and 1.61 % Zn over 22.70 meters
100 m west of DDH 872 - 2.12 g/t Au; 24.65 g/t Ag; 4.97 % Cu and 1.11 % Zn over 27.61 meters
1: News release of March 29, 2011; 2: News Release of February 8, 2011

Salazar currently has two drills delineating and extending the deposit. Drill core samples are analyzed by ALS Chemex Labs Ltd., an ISO 9001:2000 certified laboratory. 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

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 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.

To view Figure 1 associated with this release, please click the following link: http://media3.marketwire.com/docs/SLR-Figure1.pdf.

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.

Contact Information