Salazar Intercepts 3.2 Metres of 3.05 g/t Gold, 57.48 g/t Silver, 2.14% Copper and 4.45% Zinc in Step Out Hole CURI-185

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2012) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to report the latest drill results from its recently completed Phase IV diamond drill program on the Company's 100%-owned (30,327 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. The Phase IV drill program comprised 51 holes (10,245.92 meters) of new exploratory drilling and none of the holes were included in the updated resource estimate released by Salazar on January 12, 2012 (Figure 1).

Figure 1: El Domo Deposit Updated Resource Estimate January 12, 2012
Cate- gory		Cut- off		Ton- nes		Cop- per		Lead		Zinc	Gold		Sil- ver		Con- tained Copper		Con- tained Lead		Con- tained Zinc		Con- tained Gold		Con- tained Silver
		$		(MT)		(%)		(%)		(%)	(g/t)		(g/t)		(M lbs)		(M lbs)		(M lbs)		(Kozs)		(ozs)
Indi- cated		50		5.53		2.4		0.3		2.8	2.8		48.4		292.6		36.5		304.8		498.0		8605.0
Infer- red		50		1.46		1.9		0.3		2.4	2.4		52.2		61.2		9.6		90.1		112.6		2450.0

Eleven holes (2,047.90 metres) are being released today, and with the exception of hole CURI-184, today's results are from exploratory drilling completed east and west of the El Domo deposit (Figure 2). To date, results have been press released for 30 holes of the Phase IV drill holes, with the remaining 21 holes pending.

Hole CURI-184 was drilled within but near the eastern limit of the Indicated resource. It intersected significant gold, silver copper and zinc mineralization (Table 1) and confirmed the persistence of the mineralization in this area. Hole CURI-185, drilled near the projected northern limit of the andesite sill, that in part caps the mineralization to the west, also intersected significant mineralization that is open to the north, west and south. Step out holes CURI-175, 176 and 179 intersected anomalous precious metal (+ copper) mineralization beneath the andesite sill. Holes CURI-177, 178 and 180, drilled east of the El Domo deposit, intersected anomalous precious metal mineralization.

Fredy Salazar, President and CEO, commented: "We have now completed the Phase IV drill program at El Domo and drill rigs have been de-mobilized. We await final results from the drill program and then will begin planning on how to best advance the future development of El Domo to maximize shareholder value. While the Phase IV drill program has concluded, we are continuing with our surface geological program with the objective of identifying and proving up new targets. While additional results from the Phase IV drill program are pending, we are very pleased with the results to date which continue to demonstrate the presence of mineralization outside the established resource blocks. The Phase IV drill program has successfully identified new areas with potential to increase the El Domo resource."

Table 1: Significant Intersections
HOLE ID		FROM (m)	TO (m)	Width (m)*	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
CURI-175		285.00	290.75	5.75	0.350	3.51	0.09	0.01	1.76
	including	287.40	290.75	3.35	0.210	4.35	0.14	0.01	2.99
CURI-176		253.70	265.45	11.75	0.456	3.49	0.49		0.48
	including	253.70	256.65	2.95	0.476	7.22	0.79	0.01	0.05
	including	259.75	265.45	5.70	0.670	3.27	0.60	0.01	0.96
CURI-177		81.40	86.00	4.60	2.260	59.27	0.06	0.50	0.68
CURI-178		34.13	37.00	2.87	0.052	6.48	0.07	0.42	0.82
CURI-179		236.92	238.27	1.35	1.088	66.10	0.01	0.07	0.10
		242.00	244.00	2.00	0.030	0.50	0.13		1.39
		260.77	264.77	4.00	0.180	3.69	0.10		1.53
CURI-180		49.23	50.95	1.72	0.570	23.61		0.02	0.01
CURI-181	No significant mineralization encountered in this hole
CURI-182	No significant mineralization encountered in this hole
CURI-183	No significant mineralization encountered in this hole
CURI-184		38.00	43.07	5.07	1.490	13.81	0.03	0.05	0.10
		54.00	57.64	3.64	3.050	51.24	0.86	0.85	7.88
		73.48	75.62	2.14	3.900	102.77	0.53	0.68	5.99
CURI-185		91.80	94.98	3.18	3.047	57.48	2.14	0.31	4.45
* Widths represent down hole core lengths.

To view "Figure 2: Map of El Domo Pierce Points with Resource Outlines", please click the following link: http://media3.marketwire.com/docs/Piercepoints.pdf.

Table 2: Drill Hole Specifications
Hole ID	Easting	Northing	Elev	Az	Dip	EOH
CURI-175	695401	9855250	1043.3	90	-60	308.75
CURI-176	695334	9855200	1056.7	90	-85	395.80
CURI-177	694903	9855050	864.5	270	-60	124.15
CURI-178	694897	9855150	843.9	270	-60	95.95
CURI-179	695501	9855300	1019.8	90	-75	292.35
CURI-180	694836	9855200	854.7	90	-75	149.95
CURI-181	694833	9855200	854.9	270	-55	94.55
CURI-182	694884	9855246	856.4	90	-75	91.45
CURI-183	695446	9855400	1023.4	90	-80	243.00
CURI-184	694961	9855300	883.7	90	-75	128.95
CURI-185	695349	9855650	972.2	270	-70	123.00
					TOTAL	2047.90

Drill core samples were analyzed by ALS Chemex Labs Ltd. and IBS Inspectorate, ISO 9001:2000 certified laboratories, in Ecuador. Salazar maintains a QA/QC program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

Kieran Downes, P. Geo., a qualified person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.

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 based in Ecuador, thus have thorough knowledge of local human and environmental issues, gives the Company a strategic advantage, enabling it 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.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.