Salazar Resources Closes $1.4 Million Private Placement
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Salazar Resources Closes $1.4 Million Private Placement
VANCOUVER, BRITISH COLUMBIA, December 22, 2025 -- SALAZAR RESOURCES LIMITED (TSXV: SRL;
OTCQB: SRLZF; Frankfurt: CCG.F) (“Salazar” or the "Company") is pleased to announce the closing of the
non-brokered private placement financing (the “ Financing”) announced on December 3, 2025. The
Company raised gross proceeds of $1,430,498 by issuing a total of 11,003,830 common shares (each a
“Share”), at a price of $0.13 per Share. Finder's fees of $15,600 in cash and 120,000 finder’s warrants
(“Finder’s Warrants”) were paid on a portion of the Financing. Each Finder’s Warrant entitles the finder
to purchase one common share at a price of $0.13 per Share for two years from closing. Net proceeds
will be used to fund costs on the Company’s resource properties and for general working capital purposes.
All securities issued in the Financing are subject to a four -month hold period and to all necessary
regulatory approvals, including the final acceptance of the TSX Venture Exchange.
Certain insiders of the Company participated in the Financing by purchasing an aggregate of 839,600
Shares. Participation of the insiders in the offering constituted a "related party transaction" as defined
under Multilateral Instrument 61‐101 – Protection of Minority Security Holders in Special
Transactions ("MI 61‐101"), but was exempt from the formal valuation and minority shareholder approval
requirements of MI 61‐101, as neither the fair market value of the securities issued to the insiders nor the
consideration paid by the insiders exceeded 25% of the Company's market capitalization. None of the
Company's directors expressed any contrary views or disagreements with respect to the foregoing. The
Company did not file a material change report 21 days prior to the closing of the Offering as the details of
the participation of the insiders of the Company had not been confirmed at that time.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Shares have not been, and wil l not be, registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or the securities laws of any state of the United States, and may not
be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in
Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration requirements.
The Company also announces that it has entered into an investor relations and communications
agreement with Baystreet.ca Media Corp. (" Baystreet"), an arm’s -length service provider based in
Vancouver, British Columbia. Under the terms of the agreement, Baystreet will provide investor relations
and marketing services. The agreement is for an initial term of three months commencing in January 2026
upon TSX Venture Exchange approval of filings.
The Company will pay cash compensation of $20,000 per month for the term of the agreement. No
securities will be issued as compensation. Baystreet does not currently own any securities of the
Company. The agreement is subject to the approval of the TSX Venture Exchange.
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About Salazar Resources
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration,
and development in Ecuador. The team has an unrivalled understanding of the geology in -country and
has played an integral role in the discovery of ma ny of the major projects in Ecuador, including the two
newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper -gold
exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out
non-core assets. Salazar Resources actively engages with Ecuadorian communities and together with the
Salazar family it co -founded The Salazar Foundation, an independent non -profit organization dedicated
to sustainable progress through economic development. Salazar Resources already has carried interests
in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried
through to commercial production. At two copper -gold porphyry projects, Pijili and Santiago, Salazar
Resources has a 20% stake and is to acquire the remainder of such projects from Silvercorp pursuant to
the Transaction.
For further information from Salazar Resources, please contact Nick DeMare, Director, at
[email protected] or at 604 -685-9316. Please also visit the Salazar Resources website at
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.
CAUTIONARY DISCLAIMER - FORWARD-LOOKING INFORMATION
This news release includes “forward-looking information” within the meaning of applicable Canadian securities laws
relating to, among other things, the discussion regarding closing of the Transaction and the Company’s plans to enter
into a definitive agreement to farm-out the Tarqui Project. By their very nature, forward-looking information involves
known and unknown risks, uncertainties and other factors that may cause the Company’s actual results,
performance or achievements to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such factors include, amongst others, risks related to the
failure of the parties to close the Transaction and for the Company to successfully negotiate an agreement to farm -
out the Tarqui Project; and general economic, business and political conditions. Forward-looking information may in
some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions
suggesting future events or future performance.
The Company cautions that all forward-looking information is inherently subject to change and uncertainty and that
actual results may differ materially from those expressed or implied by the forward -looking information. A number
of risks, uncertainties and other factors, including regulatory actions; regulatory environment and political climate
in Ecuador; environmental risks; natural disasters; dependence on management and key personnel; and risks and
hazards of mineral exploration; and the other risk factors described in the Company’s Management’s Discussion and
Analysis and other filings with Canadian securities regulators on www.sedarplus.ca could cause actual results and
events to differ materially from those expressed or implied in the forward -looking information or could cause the
Company’s current objectives, strategies and intentions to change. Accordingly, the Company warns investors to
exercise caution when considering statements containing forward -looking information and that it would be
unreasonable to rely on such statements as creating legal rights regarding the Company’s future results or plans.
The Company cannot guarantee that any forward-looking information will materialize, and investors are cautioned
not to place undue reliance on this forward-looking information. Any forward-looking information contained in this
news release represents expectations as of the date of this news release and are subject to change after such date.
However, the Company is under no obligation (and we expressly disclaim any such obligation) to update or alter any
statements containing forward-looking information, the factors or assumptions underlying them, whether as a result
of new information, future events or otherwise, except as required by law. All of the forward-looking information in
this news release is qualified by the cautionary statements herein.