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SRL.V ·

Salazar Grants Stock Options

Share Capital & Compensation

Salazar Grants Stock Options

Vancouver, British Columbia, January 15, 2018 - Salazar Resources Limited (TSX.V: SRL;

FRANKFURT: CCG.F) (“Salazar” or the “ Company”) announces the granting of stock options to a

director of the Company for the purchase of up to 600,000 common shares of the Company, at a price of

$0.14 per share, for a period of four years.

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 (TSXV: 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, including Aurelian's Fruta del Norte discovery, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex

Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecuadorian based

company gives the Company a strategic advantage enabling the Company to complet e exploration at a rapid pace.

With an excellent property portfolio (4 projects in Ecuador – 36,269.48 hectares), good geopolitical positioning and

a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in

Ecuador.

For further information, please contact:

Salazar Resources Ltd.

[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.