Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) (or "the Company")
wishes to comment on a December 5th news release from Kinross Gold Corp.
(Kinross) announcing an agreement in principle with the Government of Ecuador
for the development and exploitation of Ecuador's largest gold deposit, Fruta
del Norte (FDN).


The news release disclosed that a non-binding agreement in principle has been
reached regarding key fiscal and legal parameters for the exploitation of FDN.
While a number of additional steps are required to conclude a final and binding
agreement, this is a very important milestone in the ongoing advancement of
Ecuador's mining sector. The agreement with Kinross is expected to form a
template for future agreements with other companies for the development of
Ecuador's substantial mineral resources. Key objectives of the agreement are to
develop Ecuador's mineral resources in a socially responsible manner, to the
benefit of all stakeholders.


Fredy Salazar, CEO, states, "We are very pleased to see the Ecuadorian
government reach a deal with Kinross, this is a positive and significant
development for all mining companies and mining investors in Ecuador. We would
like to congratulate both the government of Ecuador and Kinross on this
important achievement and look forward to increased mining investment in the
country."


EL DOMO UPDATE

Salazar has completed significant diamond drilling on the El Domo deposit, with
157 diamond drill holes completed to-date, which have outlined a curvilinear
deposit with a strike length of approximately 850 m north-south, with east-west
widths ranging between 200 to 300 meters, and an average thickness of
approximately 10 meters. The deposit is sub-horizontal and lies at depths of
between 50 and 180 meters below surface. Significant mineralization has recently
been intersected beneath an andesite sill that flanks the deposit to the east.
The presence of the mineralization beneath the andesite is a very important
discovery as the andesite had previously been considered to cut off the
mineralization, and this area now potentially could add resources to the
deposit. Further follow-up drilling is planned beneath the andesite to confirm
this potential. Recently reported significant results (Dec 1; Nov 23; Nov 3; Oct
25; and Oct 18, 2011 Press Releases) from El Domo are outlined in the table
below:




----------------------------------------------------------------------------
                               Width
Hole            From      To     (i)    Gold  Silver  Copper    Lead    Zinc
----------------------------------------------------------------------------
#                (m)     (m)     (m)   (g/t)   (g/t)     (%)     (%)     (%)
----------------------------------------------------------------------------
CURI 115        34.5    47.3    12.8    4.01  137.85    3.43    0.56    3.56
----------------------------------------------------------------------------
Incl            34.5   41.53    7.03    7.07  230.16    5.17    0.97    5.96
----------------------------------------------------------------------------
CURI 122       53.68   61.86    8.18     3.3  100.05    0.68    0.87    9.95
----------------------------------------------------------------------------
CURI 123        65.1    77.1    13.6   11.03   379.6    3.45    1.58    25.2
----------------------------------------------------------------------------
Incl            67.8   76.35    8.55   14.09   524.4    4.73    2.06   36.59
----------------------------------------------------------------------------
CURI 131      165.66  166.96     1.3    4.71  155.65    1.62    1.88   19.89
----------------------------------------------------------------------------
CURI 132       125.2  141.14   15.94    0.97   14.84    1.85    0.04    0.67
----------------------------------------------------------------------------
Incl          129.33     140   10.67    1.06    15.7    2.58    0.03    0.77
----------------------------------------------------------------------------
Incl          133.18     140    6.82    1.02    9.91    3.56    0.02    0.28
----------------------------------------------------------------------------
CURI 135      133.71  143.37    9.66    6.23  183.43    1.36    1.13    6.93
----------------------------------------------------------------------------
Incl          133.71  139.87    6.16    8.01  250.51    1.56    1.23     8.5
----------------------------------------------------------------------------
CURI 136      193.25   194.5    1.25     1.2    29.8    2.02    0.02    0.93
----------------------------------------------------------------------------
CURI 137      103.87  113.81    9.94    3.48   91.95     4.4    0.52   14.83
----------------------------------------------------------------------------
Incl          106.61  110.33    3.72    7.79  187.66   10.35    0.85   34.26
----------------------------------------------------------------------------
CURI 139      176.78  181.74    4.96    1.14   15.43    1.65    0.02    0.15
----------------------------------------------------------------------------
CURI 141      221.68   222.9    1.22    1.04   38.67    1.49    0.73    2.88
----------------------------------------------------------------------------
CURI 142      180.85  182.61    1.76    0.72    5.73     1.9    0.01    0.08
----------------------------------------------------------------------------
Incl          180.85  181.73    0.88    1.09    8.66    3.67    0.01     0.1
----------------------------------------------------------------------------
CURI 143      201.08  205.36    4.28    3.99   89.76    1.34    0.46    7.89
----------------------------------------------------------------------------
Incl          201.08   204.8    3.72    4.49  102.13    1.48    0.53       9
----------------------------------------------------------------------------
CURI 145      182.35  187.41    5.06    0.96   16.54    1.45    0.32    1.07
----------------------------------------------------------------------------
CURI 146       84.83    91.5    6.67     1.2   18.64    0.05    0.18    0.48
----------------------------------------------------------------------------
CURI 148      164.14  182.06   17.92    1.21    6.41    2.36    0.01    0.37
----------------------------------------------------------------------------
Incl          174.52  182.06    7.54    0.98    7.28    4.69       0    0.03
----------------------------------------------------------------------------
Incl          174.52  180.46    5.94    1.19    8.56    5.49       0    0.04
----------------------------------------------------------------------------
(i) Widths represent down hole core lengths                                 



Fredy Salazar, CEO, states, "Our current NI 43-101 compliant resource is
calculated on our first 18 holes at El Domo and since then we have drilled an
additional 139 holes, 61 of which will be used in our updated resource which we
look forward to reporting on shortly, while the additional holes will be used in
future resource calculations as we continue to explore and define the potential
at El Domo."


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.
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