Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) reports new high grade intersections from the ongoing diamond drill program on its 100% owned (30,327 ha), precious metals' rich, Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. The six holes reported here are part of the on-going diamond drilling program on the El Domo VMS deposit (Tables 1 & 2; Figure 1) which continues to intersect significant VMS mineralization under the andesite sill. These intersections, along part of the western margin of the andesite sill, clearly show there is significant, as yet untested, exploration potential beneath the andesite sill to the east.


--  CURI-137 intersected 9.94 meters grading 3.48 g/t gold, 91.95 g/t
    silver, 4.40% copper and 14.83% zinc, including 3.72 meters grading
    7.79g/t gold, 187.66 g/t silver, 10.35% copper and 34.26% zinc in
    massive to semi-massive sulphide mineralization under the andesite sill
    (Figure 1). This mineralization is open and additional drilling is
    required in this area. 
--  CURI-139 intersected 4.96 meters grading 1.14 g/t gold, 15.43 g/t silver
    and in massive sulphide under the andesite sill (Figure 1). This
    mineralization is open and additional drilling is required in this area.
--  CURI-136 intersected 1.25 meters grading 1.20 g/t gold, 29.8 g/t silver
    and 2.02% copper in massive sulphide mineralization. This is a new area
    of high grade massive sulphide mineralization at the southern end of the
    deposit. The mineralization is open to the southwest (Figure 1).
    Additional drilling is required in this area. 
--  CURI-138 intersected 16.36 meters grading 0.87 g/t gold, 31.68 g/t
    silver, 0.12% copper.

To view Figure 1 click on: http://media3.marketwire.com/docs/srl1122.pdf

Mr. Salazar commented, "We are pleased with these six hole results since they confirm that El Domo is still open in several directions and demonstrate potential to continue encountering massive sulphide mineralization."

CURI-136 and CURI-139 were collared close together approximately 130 meters east of CURI-129, to test for mineralization under the andesite sill. Both holes intersected semi-massive to massive sulphide mineralization under the andesite (Table 1). The presence of semi-massive to massive mineralization in this locale, approximately 75 meters from the edge of the andesite, is clear evidence that high grade mineralization is to be found beneath the andesite. Further exploration drilling is required in this area.

CURI-137 and CURI-138 were drilled from the same platform to test for mineralization under the andesite sill. CURI-137 intersected semi-massive to massive sulphide mineralization approximately 37 meters below the andesite sill. CURI-137 was drilled approximately 55 meters south of CURI-135 which intersected 9.66 meters grading 6.23 g/t gold, 183.43 g/t silver, 1.36% copper, 1.13% lead and 6.93% zinc (News Release of November 3, 2011). The continuation of high grade mineralization southwards from CURI-135, beneath the andesite, is extremely encouraging.

CURI-140, collared approximately 65 meters east of CURI-131 intersected faulted semi-massive and stockwork mineralization under the andesite.

CURI-141 was drilled approximately 55 meters SSW of CURI-136, intersected a broadly similar interval of mineralization (Table 1).


Table 1: Significant Intersections

---------------------------------------------------------------------------
Hole             From      To  Width(i)  Gold  Silver  Copper   Lead   Zinc
---------------------------------------------------------------------------
#                  (m)     (m)      (m)  (g/t)   (g/t)     (%)    (%)    (%)
---------------------------------------------------------------------------
CURI-136       193.25  194.50     1.25   1.20   29.80    2.02   0.02   0.93
---------------------------------------------------------------------------
CURI-137       103.87  113.81     9.94   3.48   91.95    4.40   0.52  14.83
---------------------------------------------------------------------------
including      106.61  110.33     3.72   7.79  187.66   10.35   0.85  34.26
---------------------------------------------------------------------------
CURI-138       151.64  168.00    16.36   0.87   31.68    0.12   0.12   0.66
---------------------------------------------------------------------------
including      151.64  157.50     5.86   1.36   68.40    0.13   0.29   1.00
---------------------------------------------------------------------------
CURI-139       176.78  181.74     4.96   1.14   15.43    1.65   0.02   0.15
---------------------------------------------------------------------------
CURI-140       208.73  208.93     0.20   1.16   34.50    0.68   0.30   2.65
---------------------------------------------------------------------------
CURI-141       221.68  222.90     1.22   1.04   38.67    1.49   0.73   2.88
---------------------------------------------------------------------------
(i) Widths represent down hole core lengths except for CURI-141.           


Table 2: Drill Hole Specifications

---------------------------------------------------------------------------
Drill Hole  Easting  Northing  Elev. (m)     Azimuth          Dip    EOH (m)
---------------------------------------------------------------------------
CURI-136     695251   9855300       975  270 degrees  -75 degrees     236.8
---------------------------------------------------------------------------
CURI-137     695247   9854950       950   90 degrees  -85 degrees       180
---------------------------------------------------------------------------
CURI-138     695248   9854950       950   90 degrees  -60 degrees     215.8
---------------------------------------------------------------------------
CURI-139     695255   9855300       975   90 degrees  -85 degrees     257.8
---------------------------------------------------------------------------
CURI-140     695201   9855150       967   90 degrees  -82 degrees     243.8
---------------------------------------------------------------------------
CURI-141     695227   9855250       976   90 degrees  -90 degrees       309
---------------------------------------------------------------------------

Drill core samples are analyzed by ALS Chemex Labs Ltd. and IBS Inspectorate, ISO 9001:2000 certified laboratories. Salazar maintains a QAQC 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, is responsible for 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 having 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, is 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 Limited Greig Hutton 519-473-9998ghutton@salazarresources.comwww.salazarresources.com

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