Mr. Fredy Salazar reports

SALAZAR INTERCEPTS 6.35 METERS OF 4.53 G/T GOLD, 58.05 G/T SILVER, 0.75% COPPER AND 5.54% ZINC NORTHEAST OF THE EL DOMO DEPOSIT

Salazar Resources Ltd. has released results for an additional seven holes (958.10 metres) from the recently completed phase IV diamond drill program on the company's 100-per-cent-owned (30,327-hectare) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. These holes represent new exploratory drilling and were not included in the new El Domo resource estimate which was released on Jan. 12, 2012. The seven holes were drilled to test for mineralization west and northeast of the existing resource blocks.

Highlights include:

• CURI-187 intersected 6.35 metres averaging 4.53 grams per tonne (g/t) gold, 58.05 g/t silver, 0.75 per cent copper and 5.54 per cent zinc;
• CURI-192 intersected 5.20 metres averaging 0.87 g/t gold, 26.96 g/t silver, 0.2 per cent copper and 1.45 per cent zinc.

Holes CURI-187 and CURI-192 were drilled approximately 100 metres and 200 metres east of the strong mineralization in hole CURI-185 (3.18 metres averaging 3.04 g/t gold, 57.48 g/t silver and 2.14 per cent copper; previously released on May 14, 2012). Both CURI-187 and CURI-192 intersected strong precious metals mineralization which indicates a significant extension to the mineralization, beneath the andesite sill, in this area.

The phase IV drill program comprised 51 holes (10,245.92 metres) of new exploratory drilling of which none of the holes were included in the updated resource estimate released by Salazar on Jan. 12, 2012.

To date results for 37 holes of the phase IV drill program have been reported and the company anticipates to have the remaining holes available shortly.

Fredy Salazar, president and chief executive officer, commented: "The intersections in holes CURI-185, CURI-187 and CURI-192, drilled over a distance of approximately 200 metres, indicate the presence of highly anomalous areas with significant mineralization in a new area to the northeast of the current resource. This new area is open to the south, north and east, is close to the El Domo resource blocks, and will be a target of future exploration."

                          SIGNIFICANT INTERSECTIONS

                      From     To  Width     Au     Ag     Cu     Pb     Zn
Hole ID                (m)    (m)    (m)  (g/t)  (g/t)    (%)    (%)    (%)

CURI-186             No significant mineralization encountered in this hole           
CURI-187             89.35  95.70   6.35   4.53  58.05   0.75   0.46   5.54
Including            89.35  91.43   2.08  10.74  94.24   0.68   0.48   7.81
CURI-188             No significant mineralization encountered in this hole           
CURI-189             No significant mineralization encountered in this hole           
CURI-190             No significant mineralization encountered in this hole           
CURI-191             No significant mineralization encountered in this hole           
CURI-192             60.69  65.89   5.20   0.87  26.96   0.20   0.11   1.45
Including            60.69  64.77   4.08   1.05  28.68   0.21   0.12   1.61

Note
Widths represent downhole core lengths.

Drill core samples were analyzed by ALS Chemex Labs Ltd. and IBS Inspectorate, ISO 9001:2000-certified laboratories, in Ecuador. Salazar maintains a QA/QC (quality assurance/quality control) program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

Kieran Downes, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.

We seek Safe Harbor.