Salazar Intercepts 17.92 Meters Grading 2.36% Copper, Including 7.54 Meters Grading 4.69% Copper at El Domo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) ("Salazar" or the "Company") reports multiple new high grade intersections from its continuing diamond drill program at its 100% owned (30,327 ha), precious metals' rich, Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. The ten holes (Tables 1 & 2) reported in this press release (2,539.40 meters) are part of the ongoing diamond drilling program at the El Domo VMS deposit. Nine step-out holes (Figure 1) were drilled to the east of the existing resource, over a N-S distance of approximately 835 meters, with the goal of testing and extending the El Domo deposit under the andesite dome. Seven holes intersected faulted, semi-massive to massive sulphide mineralization.

Highlights:

• CURI-151 intersected 8.22 meters grading 1.04 g/t gold, 30.06 g/t silver 3.29% copper and 3.77% zinc.
• CURI-148 intersected 17.92 meters grading 1.21 g/t gold, 6.41 g/t silver, 2.36% copper and 0.37% zinc, including 7.54 meters grading 0.98 g/t gold, 7.28 g/t silver, and 4.69% copper.
• CURI-143 intersected 4.28 meters grading 3.99 g/t gold, 89.76 g/t silver, 1.34% copper and 7.89% zinc.
• CURI-145 intersected 5.06 meters grading 0.96 g/t gold, 16.54 g/t silver, 1.45% copper and 1.07% zinc.
• CURI-142 intersected 1.76 meters grading 0.72 g/t gold, 5.73 g/t silver and 1.90% copper.
• CURI-146 intersected 6.67 meters grading 1.2 g/t gold and 18.64 g/t silver.
• CURI-147 intersected 3.75 meters grading 1.64 g/t gold and 124.23 g/t silver in stockwork.

"We are extremely pleased that 7 of the 10 holes intersected significant mineralization under the andesite and that the deposit remains open to the east. The better results to-date, have been encountered in the northern portion of this newly tested area, however encouraging results were also obtained to the south from widely spaced reconnaissance holes. These results confirm our belief that the area to the east of El Domo warrants further investigation. We continue to aggressively explore and drill at El Domo and Curipamba, and look forward to reporting additional results as well as a new NI 43-101 compliant El Domo resource estimate in the near future," noted Fredy Salazar, President and CEO.

CURI-145 and CURI-148 was collared approximately 75 meters northeast of CURI-139 which cut 4.96 meters of faulted massive sulphide mineralization grading 1.14 g/t gold, 15.43 g/t silver and 1.65% copper (News Release of Nov 22, 2011). CURI-142 was drilled from the same platform as CURI-139, on the same azimuth but with a shallower dip.

CURI-143 and CURI-151 were drilled approximately 140 meters southwest of CURI-148.

CURI-144 was drilled approximately 160 meters northeast of CURI-137 which cut 9.94 meters grading 3.48 g/t gold, 91.95 g/t silver, 4.40% copper and 14.83% zinc (News Release of Nov 22, 2011).

CURI-146 and CURI-147 were drilled approximately 75 meters southwest of CuURI-137. The holes intersected semi-massive mineralization and stock work mineralization.

CURI-149, the most southerly hole drilled to-date on the El Domo deposit, and approximately 240 meters south of the last fence of holes, cut encouraging gold, silver and copper values.

Table 1		Significant Intersections
Hole		From		To		Width*		Gold		Silver		Copper		Lead		Zinc
#		(m)		(m)		(m)		(g/t)		(g/t)		(%)		(%)		(%)
CURI-142		180.85		182.61		1.76		0.72		5.73		1.90		0.01		0.08
including		180.85		181.73		0.88		1.09		8.66		3.67		0.01		0.10
CURI-143		201.08		205.36		4.28		3.99		89.76		1.34		0.46		7.89
including		201.08		204.80		3.72		4.49		102.13		1.48		0.53		9.00
CURI-144		190.14		190.56		0.42		0.99		42.00		0.55		0.19		1.74
CURI-145		182.35		187.41		5.06		0.96		16.54		1.45		0.32		1.07
CURI-146		84.83		91.50		6.67		1.20		18.64		0.05		0.18		0.48
including		87.00		91.50		4.50		1.45		24.24		0.07		0.26		0.68
CURI-147		170.15		173.90		3.75		1.64		124.23		0.05		0.12		0.25
including		170.15		172.70		2.55		2.17		174.23		0.06		0.13		0.23
CURI-148		164.14		182.06		17.92		1.21		6.41		2.36		0.01		0.37
including		174.52		182.06		7.54		0.98		7.28		4.69		0.00		0.03
including		174.52		180.46		5.94		1.19		8.56		5.49		0.00		0.04
CURI-149		152.24		152.45		0.21		0.19		7.70		1.15		0.10		1.48
		233.00		234.00		1.00		0.02		0.60		0.49		0.00		1.23
CURI-150		No significant mineralization
CURI-151		201.52		203.65		2.13		0.57		6.23		0.76		0.01		0.04
		210.78		219.00		8.22		1.04		30.06		3.29		0.01		3.77
including		210.78		215.54		4.76		1.73		50.27		4.82		0.01		6.49

*	Widths represent down hole core lengths.

Table 2		Drill Hole Specifications
Hole_ID		Easting		Northing		Elev		Az°		Dip°		EOH
CURI-142		695255		9855300		975		90		-65		274.30
CURI-143		695227		9855250		976		90		-75		332.80
CURI-144		695201		9855102		962		90		-90		303.00
CURI-145		695307		9855350		994		90		-90		251.80
CURI-146		695299		9854900		952		270		-80		218.95
CURI-147		695303		9854900		952		90		-60		200.80
CURI-148		695307		9855350		994		90		-70		235.95
CURI-149		695236		9854700		939		90		-75		248.90
CURI-150		695459		9854700		948		270		-75		215.90
CURI-151		695227		9855250		975		90		-55		257.00

Drill core samples are analyzed by ALS Chemex Labs Ltd. and IBS Inspectorate, ISO 9001:2000 certified laboratories. Salazar maintains a QAQC program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

The above information has been prepared under the supervision of Mr. Kieran Downes, P.Geo., who is designated as a "Qualified Person", and who has reviewed the information and has verified the authenticity and validity of the data.

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)(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 based in Ecuador, thus having thorough knowledge of local human and environmental issues, gives the company a strategic advantage, enabling it 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.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/SRL0112map.pdf