Salazar Grants Stock Options

VANCOUVER, BRITISH COLUMBIA, July 14, 2011 - Salazar Resources Ltd. (TSX.V:SRL; FSE: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”

Fredy Salazar, President & CEO

Salazar Resources Limited

About Salazar Resources: Salazar Resources Ltd. is a publicly-listed (TSX.V: SRL; FSE: 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.

For further information, please contact:

Fredy Salazar, President & CEO, Salazar Resources Ltd.

T. 593-22278975 or E. [email protected]

Nick DeMare, Director & Secretary, Salazar Resources Ltd.

T. 604-685-9316 or E. [email protected] Greig Hutton 519-473-9998 Email: [email protected] www.salazarresources.com

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.