VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2008) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Nick DeMare, Director and Corporate Secretary, wishes to announce that 160,000 options previously granted to Empire Communications Ltd., the Company's investor relations consultant, have been re-priced from $1.96 to $1.00. In addition, a total of 32,000 options granted to an employee have been re-priced from $2.51 to $1.00 and 100,000 options granted to consultants have been re-priced from $2.90 to $1.00. All other terms remain unchanged.

The Board has also approved the granting of 250,000 options at $1.00 per share for a term of 3 years to directors and employees.

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Nick DeMare, Director and Corporate Secretary

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

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.