Salazar Resources Limited

Salazar Resources Limited

September 23, 2010 14:04 ET

Salazar Resources Limited: Mr. James Mayor Appointed Senior Geological Consultant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2010) - Salazar Resources Limited (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar is pleased to announce that Mr. James Mayor, who has been on our Advisory Board since 2007, has accepted appointment as Senior Geological Consultant and special advisor to the President.

Mr. James Mayor is a Graduate of the Royal School of Mines, University of London, England, and has over 40 years experience in senior positions in the mining industry, 37 years of which were spent with Newmont. Mr. Mayor's technical experience includes mine geology, project development and generative exploration in VMS, Orogenic Gold, Porphyry Copper and Epithermal Systems. Mr. Mayor's extensive experience with Newmont includes the position of Exploration Manager for Ecuador from 1996 - 2001 and Exploration Manager with the team that discovered the Herradura Mine, Sonora Mexico, from 1986 - 1992.

Said Mr. Mayor, "I have been following the Salazar Resources story with much interest and anticipation. Recently at the request of Mr. Salazar I visited the Company's Curipamba Project in Ecuador. This project is transitioning from exploration through to development and I was asked to provide some comments and insights into the ongoing work programs. The technical teams working on the Company's projects are very professional and methodical in their work and I was very much impressed with the quality of work that is being done. The Curipamba Project is one of the better VMS opportunities I have seen in recent years and while there is much work to be done, this is a real project and the opportunity is substantial. I am extremely pleased to be working more closely with Salazar Resources on such a high caliber property."

Said Mr. Salazar, "We, at Salazar Resources, are very pleased that Mr. Mayor has agreed to expand his services to the Company and we appreciate his assistance and guidance."


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 of 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, including Aurelian's Fruta del Norte discovery, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian based company gives us a strategic advantage enabling us to complete exploration at a rapid pace, with over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

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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