Salazar Resources Limited
TSX VENTURE : SRL
FRANKFURT : CCG

Salazar Resources Limited

July 09, 2008 14:50 ET

Salazar Resources Ltd.: Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2008) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce the results of the Company's Annual General Meeting of shareholders held on Wednesday, July 9, 2008.

Messrs. Fredy E. Salazar, Pablo Acosta, Graeme Robinson, Nick DeMare and Etienne Walter were elected as directors for the ensuing year. All items put forth at the meeting were approved by the shareholders, including an ordinary resolution to ratify the Company's existing Stock Option Plan.

At a directors meeting held subsequent to the shareholders meeting, the directors appointed Mr. Fredy E. Salazar as President and Chief Executive Officer, Mr. Pablo Acosta as Chief Financial Officer, Mr. Nick DeMare as Corporate Secretary and Mr. Harvey Lim as Assistant Corporate Secretary.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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