VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2011) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) announces the granting of director stock options for the purchase of up to 78,000 shares, at a price of $0.92 per share, for a term of three years.

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 an Ecuadorian based company gives the company a strategic advantage enabling the company 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

Salazar Resources Ltd.
Fredy Salazar
President & CEO
593-22278975
fsalazar@salazarresources.com

Salazar Resources Ltd.
Nick DeMare
Director & Secretary
604-685-9316
ndemare@chasemgt.com

Salazar Resources Ltd.
Greig Hutton
519-473-9998
ghutton@salazarresources.com
www.salazarresources.com