Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

March 15, 2007 13:19 ET

Salazar Resources Limited: Letter to Shareholders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Salazar Resources Limited (TSX VENTURE:SRL) (FRANKFURT:SRL):

Dear Shareholders,

On March 8th, 2007 the Company's name was changed to Salazar Resources Limited in conjunction with closing of the agreement to acquire certain resource properties in Ecuador held in Curimining SA. ("Curimining"). Our Company is now trading on the TSX Venture Exchange under the symbol SRL, and we are also listed on the Frankfurt Stock Exchange under the symbol SRL. Prior to closing the acquisition I was the principal shareholder of Curimining and now am the President, Chief Executive Officer and controlling shareholder of the Company. I am a professional geologist and have worked all my life in the resource sector in Ecuador(MC1). I am extremely pleased to have completed this going public process and look forward to developing a strong exploration and development Company based in Ecuador. Prior to going public, I worked extensively to assemble a portfolio of exploration properties which, in my opinion, could be the next great discovery in Ecuador. With the going public process now complete, and the Company well financed our focus will be on aggressively executing our exploration plans.

The Company is a strategic player in Ecuador exploration, with an experienced Ecuadorian management team. All of our geological team have, in the past, worked for international mining companies. The Company is adequately financed and ready to generate exploration results. We have interests in a number of exploration projects including Curipamba, Ruminahui, La Aventura and Mendez. The Company has an excellent portfolio of exploration properties and a network in place for sourcing new opportunities.

All told at this time our properties cover close to 150,000 hectares. Curipamba and Ruminahui are our two cornerstone projects and will be the focus of our initial exploration efforts. During the going public process we have not been inactive with up to 60 people working on the ground over the last months.

Now that we have completed the going public process I would first of all like to thank all of our shareholders for their support, especially our recent shareholders, I also wish to thank our directors and officers and all who have worked to make this transaction possible, a special thank you is offered to our financial sponsor Canaccord Capital Corporation. I look forward to delivering exciting news from the exploration programs which are now underway.

Sincerely,

Fredy Salazar, President & CEO

Contact Information

  • Salazar Resources Limited
    Fredy Salazar
    President & CEO
    (604) 685-9316
    (604) 683-1585 (FAX)