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Salazar Proceeds with PEA at El Domo
Published : April 23, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2013) - Salazar Resources Limited ("Salazar") (News - Market indicators)(FRANKFURT:CCG) -

Mr. Fredy Salazar, President and CEO of Salazar, is pleased to announce that Buenaventura Ingenieros S.A. ("BISA") has been retained to prepare a preliminary economic assessment ("PEA") on the El Domo property at the Curipamba Project. The PEA is to include a mine plan and plant design, and the PEA is scheduled for completion by the end of 2013.

The completion of the PEA is part of Salazar's overall development strategy for the Curipamba Project. Under the terms of the agreement with Urion Mining International B.V., ("Urion") (see news release dated March 26, 2013), upon receipt of the PEA, Urion may elect to provide additional project financing, through an investment in Salazar or in its wholly-owned Ecuadorian subsidiary, Curimining, for the construction of the plant and mine at El Domo.

BISA is an engineering firm based in Peru that has extensive experience conducting major studies in Ecuador and throughout South America. BISA is very knowledgeable of current operating environment throughout Latin America and in particular Ecuador.

Mr. Fredy Salazar commented: "The decision to engage BISA was a joint decision with Urion. BISA was highly recommended by Urion due to extensive and satisfactory experiences on other engineering projects completed by BISA for Urion-related companies. Of particular importance was that BISA has completed important work in Ecuador, in areas near the Curipamba Project. We expect that the completion of the PEA will mark the start of a new chapter in the successful story of Salazar Resources Limited."

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

About Salazar Resources Limited

Salazar Resources Limited is a publicly-listed (News - Market indicators)(FRANKFURT:CCG) mining 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 contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Salazar expects or anticipates will or may occur in the future, including such things as the successful completion of the PEA and the timing of completion of the PEA. Such forward-loking information is based on a number of material factors and assumptions, including that contracted parties provide services on the agreed timeframes and that laboratory and other related services are available and perform as contracted. Although Salazar has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking 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 Salazar's disclosure documents on the SEDAR website at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. Salazar 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.

Salazar Resources Ltd.
Investor Relations
647-925-8981
info@salazarresources.com
www.salazarresources.com

Salazar Resources Ltd

EXPLORATEUR
CODE : SRL.V
ISIN : CA7940071045
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Salazar est une société d’exploration minière de cuivre et de zinc basée au Canada.

Salazar détient divers projets d'exploration en Equateur.

Ses principaux projets en exploration sont RUMINAHUI, MENDEZ, CURIPAMBA et SANTIAGO ECUADOR en Equateur.

Salazar est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,4 millions CA$ (8,4 millions US$, 7,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 27 avril 2007 à 4,22 CA$, et son plus bas niveau récent le 13 novembre 2015 à 0,03 CA$.

Salazar possède 114 150 000 actions en circulation.

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Financements de Salazar Resources Ltd
31/03/2015Provides Update on Promissory Note Financing
17/09/2013Announces Final Closing of Private Placement
10/06/2013Announces Initial Closing of Private Placement
Nominations de Salazar Resources Ltd
12/04/2011.: QP Appointment and Addition of Second Rig at Curimpamba
Projets de Salazar Resources Ltd
01/06/2011(Curipamba)Continues to Cut High Grade in Curipamba With 7.95 Meters of...
24/05/2011(Curipamba)Hits New High Grade at Curipamba With 15.6 Meters of 1.59 g/...
28/04/2011(Curipamba)Cuts 21.43 Meters of 4.01 g/t Gold & 3.23% Copper in Curipam...
25/01/2011(Curipamba)Will Drill 20,000 Metres at Curipamba in 2011
Communiqués de Presse de Salazar Resources Ltd
02/08/2016SMr. Fredy Salazar, President and CEO, is pleased to announc...
02/08/2016Mr. Fredy Salazar is pleased to report that the Company has ...
14/06/2016Salazar Provides Update on its Recapitalization Plan More...
10/05/2016Salazar Announces The Resignation Of Graeme Robinson More...
27/04/2016Salazar Announces Delay Of Financing More...
27/04/2016Salazar Announces Closing Of Private Placement And Debt Sett...
12/04/2016Salazar Announces Terms For Financing And Royalty Sale With ...
23/12/2015Salazar Announces Results Of Annual General Meeting More...
31/03/2015Salazar Provides Update On Promissory Note Financing More...
31/03/2015Salazar Provides Update on Promissory Note Financing
31/03/2015Salazar sells up to us$600,000 of promissory notes More...
31/03/2015Sells Up to US$600,000 of Promissory Notes
31/03/2015Salazar Sells Up to US$600,000 of Promissory Notes
22/01/2015Salazar Files Amended Technical Report More...
22/01/2015Salazar Files Amended Technical Report
16/12/2014Salazar Provides Corporate Update More...
16/12/2014Salazar Provides Corporate Update
27/10/2014Salazar Provides Update on Curipamba Agreement
25/09/2014Salazar Announces Results of Annual General and Special Meet...
26/08/2014Salazar and Guangshou Group Announce Letter-Of-Intent to Adv...
22/08/2014Salazar Retains Questrade Inc.
06/05/2014Salazar Provides Update on $1.98 Million Private Placement
10/04/2014REPEAT: Salazar Provides Update on El Domo Development
09/04/2014Salazar Provides Update on El Domo Development
26/03/2014Salazar Announces $1.98 Million Private Placement Financing
13/05/2013Announces Further Funding
13/05/2013Announces Further Funding
23/04/2013Proceeds with PEA at El Domo
26/03/2013(Curipamba)Announces Funding Agreement to Advance Curipamba to Producti...
12/07/2011Updating El Domo Mineral Resource Estimate
22/06/2011James Hutton Appointed Director of Salazar Resources Ltd.
16/06/2011Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85...
10/05/2011(Curipamba)Extends High Grade Copper & Gold Mineralization in Curipamba...
28/03/2011Corporate Update and Plan for 2011 Mining Contracts in Ecuad...
03/03/2011Expands El Domo Resources With 16.08 m of 3.27 g/t Gold, 74....
23/02/2011Hutton to Join Salazar Resources as Manager of Investor Rela...
23/02/2011Discovers New Gold Zone 300m From El Domo VMS Deposit
20/04/2007Continuation of Channel Sampling at Curipamba Returns 10 m a...
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