Salazar Announces Resignation of Director
Salazar Announces Resignation of Director
VANCOUVER, BRITISH COLUMBIA, February 1st, 2019 -- SALAZAR RESOURCES LIMITED ( TSX-V: SRL)
(Frankfurt: CCG.F) (“Salazar” or the "Company") Mr. Fredy Salazar, President and CEO, announces that Mr.
Juan Carlos Ortiz has resigned as a director of the Company effective immediately.
The Board thanks Mr. Ortiz for his contributions during his tenure with the Company and we wish him the
best in his future endeavours.
About Salazar Resources Limited
Salazar Resources Ltd. is a publicly listed (SRL) (Frankfurt: CCG) mineral resource company engaged in the
exploration and development of mineral deposits in Ecuador. The company has a proven Ecuadorian
discovery team led by ex- head of Newmont Ecuador, Fredy Salazar; a team of 40 people including 15
geologists; two drill rigs and an unrivalled Ecuadorian ‘grass roots’ network. The Salazar team has been
involved with many discoveries in Ecuador, including Aurelian's Fruta Del Norte discovery, the Mozo
deposit, ex-Newmont's Cangrejos Project and International Minerals’ Rio Blanco and Gaby Deposit.
Salazar Resources aspires to be Ecuador’s leading project generator with the right partners at the right time
making the company self-funding.
Salazar Resources has a joint ven ture with Adventus on the Curipamba VMS discovery, whereby Adventus
can earn 75% of the project by funding exploration and development expenditures of US$25 million before
2024. A feasibility study is expected to be completed during 2020, after which Adventus is required to fund
100% of the development and construction expenditures to commercial production. In addition, Salazar
Resources has a funded exploration alliance with Adventus on two other projects, Pijili and Santiago, within
a defined Area of Interest.
Salazar Resources is advancing its 100% owned Rumiñahui , Macara Mina, Bonanza and Tingo projects with
the aim of making Ecuador’s next significant copper-gold discovery.
ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED
“Fredy Salazar”
Fredy Salazar, President & CEO
CONTACTS
Fredy Salazar
Salazar Resources (Chief Executive Officer)
Tel: +593 (0) 99 733 6152
2
Merlin Marr-Johnson
Salazar Resources (VP Corporate Development)
Tel: +44 (0) 7803 712 280
Salazar Resources
Investor Relations
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.
This press release contains “forward- looking information” within the meaning of applicable Canadian securities laws. Any
statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, object ives,
assumptions or future events or performance (ofte n, but not always, identified by words or phrases such as “believes”,
“anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “forecasts”, “targets”, or
“hopes”, or variations of such words and phrases or statement s that certain actions, events or results “may”, “could”,
“would”, “will”, “should” “might”, “will be taken”, or “occur” and similar expressions) are not statements of historical fact
and may be forward-looking information.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments
that Salazar expect or anticipate will or may occur in the future , such as the expected timing of the feasibility study for the
Curipamba VMS discovery . Alth ough Salazar has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward -looking information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. 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. Accordingly, readers should not plac e undue reliance on forward- looking information. Salazar does not
undertake to update any forward-looking information except in accordance with applicable securities laws.