Salazar Extends Mineralization for 120 Metres at El Domo Anomaly and Reports 8.6 Meters of 7.53% Zinc & 0.9% Copper
08:30 EDT Thursday, April 03, 2008

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2008) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce the latest results from the drill program at the El Domo anomaly, Las Naves Central area, Curipamba Project, Ecuador.

The El Domo geophysical anomaly was recently confirmed from drill hole 39 (see news release dated March 19, 2008) with reported grades over 12.4 metres(i) of 4.54% zinc, 1.20% copper, 3.62 g/t gold, and 51.75 g/t silver. The Company is reporting on the follow-up drill hole (42) to this recent discovery. Results are encouraging in that the Company believes it is on the verge of discovering a significant new VMS district in western Ecuador.

Reported results from drill hole 42 include:

- 8.6 metres(i) of 7.53% zinc, 1.78 g/t gold; 48.0 g/t silver; 0.9% copper, and 0.52% lead;

- 9.6 metres(i) of 0.81 g/t gold, 30.7 g/t silver, 0.10 % copper, 0.36% lead and 1.13% zinc.

Drill hole 42 is located approximately 120 metres north from drill hole 39 (to view Figure 1 please click on: http://media3.marketwire.com/docs/srl0403a.jpg). This potentially extends the mineralization at El Domo by 120 metres. The Company is in the process of following up this success through further drilling and results are expected shortly. El Domo is located 800 metres north from El Gallo and 400 meters south from Roble 1. Drill Hole 42 is located at coordinates 695189 mE and 9855400 mN, azimuth of 090 degrees, and -55 degrees dip. Total depth of the dril hole was 308 metres.

(i) Note: widths reported are not true widths.

TABLE 1

                                Length     Au      Ag     Cu     Pb     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)    (%)    (%)
--------------------------------------------------------------------------
CURI-07-042     186.35   194.93   8.58   1.78   47.94   0.90   0.52   7.53
--------------------------------------------------------------------------
                228.10   237.68   9.55   0.81    30.7   0.10   0.36   1.13
--------------------------------------------------------------------------

Roble 1 Drill Results

The El Roble 1 anomaly has recently been tested with 5 drill holes for a total of 1,014.8 metres. Results at Roble 1 also confirm the presence of Volcanic Massive Sulphides (VMS) in the Las Naves area and conform to the geological model the Company has developed. These results build on the theory that a new VMS district has been discovered. The anomaly is located 1200 meters north from the El Gallo anomaly and 400 metres north from the El Domo anomaly, within the Las Naves Central area (to view Figure 2 please click on: http://media3.marketwire.com/docs/srl0403b.jpg).

Significant results from the Roble 1 drill program include:

- 62.15 meters averaging 0.20 g/t gold; 4.2 g/t silver and 0.70% zinc

The following is a description of all holes drilled:

Drill hole 29, from 8.9 to 25 meters and from 86 to 108 meters is a hydrothermal breccia with silica-argillic alteration, in a matrix of pyrite-sphalerite. There is a fault between 9 and 25 meters.

                                Length     Au      Ag     Pb     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)    (%)
-------------------------------------------------------------------
CURI-07-029         11       19      8   1.71      31      -      -
-------------------------------------------------------------------
                    87      107     20    1.0   29.04   0.19   0.41
-------------------------------------------------------------------

Drill hole 25, from 100.8 to 106.9 meters is a shear zone with strong pyrite-sphalerite dissemination. Between 106.9 and 185 meters is a hydrothermal breccia with a pyrite-chalcopyrite and sphalerite matrix.

                                Length     Au      Ag     Cu     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)    (%)
-------------------------------------------------------------------
CURI-07-025      100.8   162.95  62.15   0.20     4.2      -   0.70
-------------------------------------------------------------------
Include:           125    129.4    4.4   0.28     2.7   0.25   2.08
-------------------------------------------------------------------
Include:           150   162.95  12.95      -     1.4      -   1.02
-------------------------------------------------------------------

Drill Hole 21, from 122.4 to 145.2 meters and from 173 to 199.7 meters is a hydrothermal breccia plus stockwork of quartz-sphalerite with traces of chalcopyrite (sulphides range from 5 to 10%).

                                Length     Au      Ag     Pb     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)    (%)
-------------------------------------------------------------------
CURI-07-021          6    10.66   4.66   0.14     5.8      -   0.14
-------------------------------------------------------------------
                121.52      139  17.48      -       5      -   0.65
-------------------------------------------------------------------
                   174      182      8   0.14     1.6      -   0.40
-------------------------------------------------------------------

Drill Hole 20, from 13.4 to 16.2 meters and from 22 to 24.2 meters is a hydrothermal breccia with silica clasts, and traces of pyrite and chalcopyrite in the matrix.

                                Length     Au      Ag     Pb     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)    (%)
-------------------------------------------------------------------
CURI-07-020      11.59    13.84   2.25   0.13    58.2   0.18   0.47
-------------------------------------------------------------------
                 16.90    18.38   1.48   0.27     9.3      -      -
-------------------------------------------------------------------

Drill Hole 19, from 14 to 19 meters is a hydrothermal silica breccia with traces of sulphides comprised of pyrite, chalcopyrite and sphalerite in the matrix.

                                Length     Au      Ag     Zn
Hole #            From       To     (m)  (g/t)   (g/t)    (%)
------------------------------------------------------------
CURI-07-019      13.71       19    6.3   0.19     6.6   0.25
------------------------------------------------------------

Dr. Howard Lahti, P. Geo, the Qualified Person (QP) for the Company, has reviewed this news release and is responsible for its accuracy.

Samples preparation was performed by ALS Chemex and BSI Inspectorate Labs in Quito, Ecuador, using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex and BSI Inspectorate Laboratories in Lima, Peru using fire assay methods for gold (Au-25 procedure). Standard samples, blanks and duplicate check samples were randomly inserted to the sample lot to ensure quality control.

To view maps and photos related to the Curipamba Project please visit www.salazarresources.com.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of 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, including Aurelian's Fruta del Norte discovery, IAMGOLD's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. The Company's Ecuadorian base provides a strategic advantage, enabling exploration to be completed at a rapid pace. The Company employs over sixty personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

FOR FURTHER INFORMATION PLEASE CONTACT:

Salazar Resources Limited
Fredy Salazar
President & CEO
593.22278975

Email: fsalazar@salazarresources.com

or

Salazar Resources Limited
Nick DeMare
Director & Secretary
(604) 685-9316

Email: ndemare@chasemgt.com
Website: www.salazarresources.com

or

Empire Communications Inc.
Jeff Tindale
Investor Relations
(604) 484-0066

Email: info@salazarresources.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.