Salazar Grants Stock Options

1305-1090 W Georgia, Vancouver, BC, V6E-3V7 Phone: 604.685.9316 Fax: 604.683.1585

Salazar Grants Stock Options

VANCOUVER, BRITISH COLUMBIA March 1, 2010 - Salazar Resources Ltd. (TSX VENTURE: SRL.V) announces the granting of stock options to directors of the Company, to replace options which have expired, for the purchase of up to 930,000 shares, at a price of $1.10 per share, for a term of three years.

For more information please visit our website at: www.salazarresources.com

ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

“Fredy Salazar”

Fredy Salazar, President & CEO

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 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, Fredy Salazar, President & CEO, Salazar Resources Limited please contact: T. 593.22278975 or E: [email protected] Nick DeMare, Director & Secretary, Salazar Resources Limited T. 604.685.9316 or E: [email protected] Jeff Tindale, Investor Relations, Empire Communications Inc. T: 604.484.0066 or E : [email protected]

“Neither 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 release."