Mr. Nick DeMare reports

SALAZAR RESOURCES ANNOUNCES PRIVATE PLACEMENT

Salazar Resources Ltd. has arranged a non-brokered private placement financing of up to 11 million shares at a price of 13 cents per share to raise up to $1.43-million. Certain insiders will participate in the financing. Finder's fees may be payable on a portion of the financing. Net proceeds will be used to finance costs on the company's resource properties plus working capital.

All securities to be issued in the private placement are subject to a four-month hold period and to all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.

About Salazar Resources Ltd.

Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm out non-core assets. Salazar Resources actively engages with Ecuadorean communities, and, together with the Salazar family, it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. Salazar Resources already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25-per-cent stake fully carried through to commercial production. At two copper-gold porphyry projects, Pijili and Santiago, Salazar Resources has a 20-per-cent stake and is to acquire the remainder of such projects from Silvercorp pursuant to the transaction.

We seek Safe Harbor.