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Message: 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
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/07/12 -- Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to report 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 ha) 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 January 12, 2012. The 7 holes were drilled to test for mineralization west and north-east of the existing resource blocks (Figure 1).

Highlights Include:

--  CURI-187 intersected 6.35 metres averaging 4.53 g/t gold, 58.05 g/t
    silver, 0.75% copper and 5.54% zinc 
--  CURI-192 intersected 5.20 metres averaging 0.87 g/t gold, 26.96 g/t
    silver, 0.2% copper and 1.45% 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% copper; previously released on May 14, 2012). Both CURI-187 and CURI-192 intersected strong precious metals mineralization (Table 1) 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 meters) of new exploratory drilling of which none of the holes were included in the updated resource estimate released by Salazar on January 12, 2012.

To date results for 37 holes of the Phase IV drill program have been reported and we anticipate to have the remaining holes available shortly.

Fredy Salazar, President and CEO, 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."

Table 1: 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
---------------------------------------------------------------------------
Widths represent down hole core lengths.

To view "Figure 1: Map of El Domo Pierce Points with Resource Outlines" accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/srl67i.pdf

Table 2: Drill Hole Specifications
---------------------------------------------------------------------------
                                                    Az        Dip       EOH
Hole ID       Easting    Northing      Elev    degrees    degrees        (m)
---------------------------------------------------------------------------
CURI-186       694936     9855400    911.69         90        -70    167.95
---------------------------------------------------------------------------
CURI-187       695353     9855650    972.07         90        -65    173.80
---------------------------------------------------------------------------
CURI-188       694932     9855400    911.76        270        -60     95.95
---------------------------------------------------------------------------
CURI-189       694977     9855350    908.05        270        -60    137.80
---------------------------------------------------------------------------
CURI-190       695041     9855550    937.51        270        -75    171.00
---------------------------------------------------------------------------
CURI-191       695051     9855650    924.94        270        -45     82.65
---------------------------------------------------------------------------
CURI-192       695478     9855650    963.10        270        -75    128.95
---------------------------------------------------------------------------
                                                            TOTAL    958.10
                                                          -----------------

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 program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

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

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

About Salazar Resources: 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 based in Ecuador", thus have thorough knowledge of local human and environmental issues, gives the company a strategic advantage, enabling it 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.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the 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 news release.

Contacts:
Salazar Resources Ltd.
Investor Relations
647-925-8981
[email protected]
www.salazarresources.com

Source: Marketwire (June 7, 2012 - 3:00 AM EDT)
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