Salazar Resources Limited

Salazar Resources Limited

April 12, 2011 09:00 ET

Salazar Resources Ltd.: QP Appointment and Addition of Second Rig at Curimpamba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) Mr. Fredy Salazar, President and CEO, is pleased to announce the appointment of Kieran Downes as the Qualified Person for the Curipamba project.

Mr. Downes is an accomplished mining professional who holds a B.Sc. in Geology from University College Galway (1971) and a Ph.D. in Geology from Dublin University (1974). Among his credentials, he was a Post-Doctoral Fellow at the Institute for Industrial Research & Standards, Dublin (1974-1977) before joining Minatome S.A. of Paris as an exploration geologist. He served as a senior Exploration Manager with Cameco Corporation until 1992. From 1992 to March 2011 Mr. Downes was President, CEO and QP for Golden Peaks Resources Ltd. a TSX listed junior exploration company with a focus on resource properties in Latin America. Mr. Downes is fluent in Spanish and has experience in VMS deposits.

Mr. Salazar says, "We welcome Mr. Downes to the Company and look forward to working with him in developing the exciting potential of the Curipamba project."

In addition, the Company is pleased to report that the recently purchased Hydracore model 4000 drill rig has now been mobilized at Curipamba. The company now has two drill rigs dedicated to the Curipamba project. One drill will be used for delineation and infill drilling on the El Domo deposit and the second will be used for testing the numerous untested drill targets within the Curipamba property.


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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