Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

October 12, 2010 19:21 ET

Salazar Files NI 43-101 Technical Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2010) - Salazar Resources Limited (the "Company") (TSX VENTURE:SRL)(FRANKFURT:CCG) Mr. Fredy Salazar, President and CEO, reports that the Company has received from Scott Wilson Roscoe Postle Associates Inc. a NI 43-101 technical report in support of its updated resource estimate for the El Domo deposit at its Curipamba volcanogenic massive sulfide (VMS) property in Ecuador. The resource estimate was disclosed in the Company's September 28, 2010 news release.

The Company has submitted the report to the British Columbia Securities Commission today in order to have the cease trade order lifted.

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)(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.

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

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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