SALAZAR REPORTS OUTCROPPING GOLD MINERALIZATION AT RUMIÑAHUI, ECUADOR

Transcription

1 # West Georgia Street Vancouver, BC Canada V6E 3V7 Tel: (604) Fax: (604) TSX Venture Exchange: SRL Frankfurt Stock Exchange: CCG NEWS RELEASE MAY 25, 2007 SALAZAR REPORTS OUTCROPPING GOLD MINERALIZATION AT RUMIÑAHUI, ECUADOR Vancouver, BC May 25, Salazar Resources Ltd. (TSX-V: SRL; FSX: CCG) Mr. Fredy Salazar, President is pleased to announce the results from the Company s initial reconaisssance program at the Rumiñahui property in Ecuador. The Rumiñahui Project, a 100% Salazar Resources property of 32,676 hectares, is located about 300 km north of Curipamba and a 100 km northwest of Quito, the capital of Ecuador. Work has been focused along the Moncayo mining concession where the Company has initiated a rock chip sampling program around several locations where artisanal mining was performed in the past. A total of 12 channel samples were taken from outcrops over widths of 0.2 to 1.5 meters. Gold values ranged from 0.06 to g/t (see table 1). The samples also demonstrated anomalous nickel concentrations. The geology of the Rumiñahui project consists of andesite intruded by quartz-diorite porphyries. Gold mineralization was located within sheeted veins of quartz, pyrite and chalcopyrite that trend sub-parallel to regional shear orientations. Ongoing work by the Company at the Rumiñahui project will include: stream sediment and rock geochemical sampling, geological mapping and geophysics. Dr. Howard Lahti, P. Geo, the Qualified Person for the company as defined in Canadian National Instrument , has reviewed this news release for accuracy Samples preparation was performed by BSI Inspectorate Laboratory in Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the BSI Inspectorate Laboratory in Lima, Perú using fire assay methods for gold (Au-25 procedure). To view maps and photos related to the Rumiñahui Project please visit ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED Fredy Salazar Fredy Salazar, President & CEO Salazar Resources Limited 1 of 6

2 Salazar Resources Limited Salazar Resources Ltd. is a publicly-listed (TSX-V: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, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, 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: Fredy Salazar, President & CEO, Salazar Resources Limited T or E: fsalazar@salazarresources.com Nick DeMare, Director & Secretary, Salazar Resources Limited T or E: ndemare@chasemgt.com Jeff Tindale, Investor Relations, Empire Communications Inc. T: or E : info@salazarresources.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Salazar Resources Limited 2 of 6

3 FIGURE 1 RUMIÑAHUI PROJECT Salazar Resources Limited 3 of 6

4 FIGURE 2 Salazar Resources Limited 4 of 6

5 FIGURE 3 Salazar Resources Limited 5 of 6

6 FIGURE 4 TABLE 1 SAN FRANCISCO ANOMALY Salazar Resources Limited 6 of 6