Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

July 13, 2010 08:00 ET

Salazar Intersects 7.9 m of 3.5 g/t Gold; 240 g/t Silver; 4.6% Copper; and 3.7% Zinc

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar, President and CEO, is pleased to announce further drill results from the El Domo anomaly, Las Naves Central area, at the Curipamba Project, Ecuador.

Drill Highlights from Diamond Drill Hole (DDH) Curi-53:

  • 7.93 m of 3.52 g/t Au, 240.35 g/t Ag, 4.62% Cu, 3.76% Zn and 0.23% Pb. 

including:

  • 3.75 m of 6.38 g/t Au, 370 g/t Ag, 6.54% Cu, 6.30% Zn and 0.45% Pb.

DDH Curi 53 is the Company's second drill hole completed since recommencing its Phase 2 program. This drill hole is located 50 metres south from DDH Curi-46. (See Figure 1: http://media3.marketwire.com/docs/srl713.pdf).

The total length of hole was 173.8m with a 0 degree strike and -90 degree dip.

From To Width  Au Ag Cu Pb Zn
(m)  (m)  (m) g/t g/t % % %
65.41 66.55 1.14 8.93 194.1 0.36 0.71 1.80
66.55 67.32 0.77 8.67 521.0 8.63 1.05 15.50
67.32 68.09 0.77 4.85 523.0 12.53 0.07 6.91
68.09 69.16 1.07 3.12 339.0 7.30 0.03 4.04
69.16 70.12 0.96 1.34 184.6 4.03 0.10 0.51
70.12 71.55 1.43 0.82 161.8 3.59 0.01 1.63
71.55 72.46 0.91 0.90 82.4 2.03 0.01 1.83
72.46 73.34 0.88 0.76 39.2 1.41 0.01 1.92

*Note: widths reported are not true width

Mr. Fredy Salazar states, "These drill results at the El Domo anomaly continue to show high grades of base metals with strong gold and silver values. We continue to extend the mineralized zone and prove up what we believe is a significant discovery adding significant tonnage to first of what could be many polymetallic mineralized bodies on the Curipamba project."

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

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

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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