Salazar Resources Grants Stock Options

Salazar Resources Grants Stock Options

VANCOUVER, BRITISH COLUMBIA, MAY 16th, 2024 -- SALAZAR RESOURCES LIMITED (TSXV: SRL, OTCQX:

SRLZF, Frankfurt: CCG.F) (“Salazar” or the " Company") announces the granting of stock options to

directors and officers of the Company for the purchase of up to 4,950,000 common shares, at a price of

$0.105 per share, for a period of five years.

About Salazar

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 many of the major projects in Ecuador, including the two

newest operating gold and copper mines. Salazar Resources has a who lly owned pipeline of copper-gold

exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out

non-core assets. The Company 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. The Company already has carried interests in

three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried

through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20%

stake fully carried through to a construction decision.

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.