Salazar Resources Ltd V.SRL

SRL NEWS

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Salazar Resources Limited: Initial Channel Samples From Curipamba Return 17m at 11.2 g/t Gold and 505 g/t Silver Mar 20, 2007 9:08:00 AM VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2007) - Mr. Fredy Salazar, President, Salazar Resources Limited (TSX VENTURE:SRL)(FRANKFURT:SRL) is pleased to announce results from initial channel sampling at the Curipamba project, El Gallo prospect, Las Naves Central (Figure 1). To view Figures 1, 2, 3, 4 and 5 along with Table 1 please click on the following link: https://www.ccnmatthews.com/docs/srl0320.pdf. A total of 42 rock chip channel samples (Figure 3) varying in length from 1m to 3m were continuously collected from several outcrops along a mineralized breccia zone (Figure 2). The analytical results are set out in Table 1. The three significant channel samples returned the following results: 17m averaging 11.2 g/t gold and 505 g/t silver; 12m averaging 7.09 g/t gold and 299 g/t silver; 10m averaging 12.13 g/t gold and 235 g/t silver; 6m averaging 4 g/t gold and 38 g/t silver (Figures 3 and 4). The area with anomalous gold and silver concentrations is located in a Breccia Zone (unknown dimensions) in a host rock of dacite tuff mineralized with poly polymetallic sulphides and barite blocks. This preliminary sampling is to be followed-up by a systematic soil sampling survey with samples collected every 25m on lines with a 50m line spacing, manual pitting, and geophysics. The work will assist in delineating the surface and potential extent of the mineralized zone. Earlier sampling by Newmont Peru SA, Skeena resources, and Pan American Silver have all examined the Gallo Anomaly and taken rock chip composite and channel samples with similar results. Samples preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure) with an AAS finish and for another 34 elements an ICP-AES instrument (ME-ICP41 procedures). Howard Lahti, Ph.D., P. Geo, the Qualified Person (QP) in compliance with National Instrument 43-101, has visited the El Gallo prospect within the Curipamba Project and has inspected and evaluated the ongoing exploration work. He has reviewed this news release for accuracy. ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED Fredy Salazar, President & CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Salazar Resources Limited Fredy Salazar President & CEO 593.22278975 Email: [e-mail] Salazar Resources Limited Nick DeMare Director & Secretary [phone] Fax: [phone] (FAX) Email: [e-mail] Empire Communications Inc. Jeff Tindale Investor Relations [phone] Email: [e-mail] Source: Salazar Resources