Salmon River Renews Investor Relations Agreement

Salmon River Resources Ltd. (TSX VENTURE:SAL) ("Salmon River") is pleased to
announce that it has renewed its agreement with Investor Cubed Inc. ("ICI") to
provide investor relations and shareholder communications services March 1,
2012. ICI's primary responsibilities will be to manage communications on behalf
of Salmon River with investors, investment advisors, research analysts and other
investment professionals.


ICI will provide its services on a consulting basis pursuant to an investor
relations consulting agreement dated March 1, 2012, pursuant to which it will
receive consulting fees totalling $5,000 per month for a term of six months,
funded from Salmon River's working capital. In addition, ICI has been granted
options to purchase 150,000 shares of Salmon River at a price of forty cents
($0.30) per share until March 1, 2017. The options will vest quarterly and will
be governed by the provisions of Salmon River's stock option plan, provided
however, and subject to regulatory approval, that if Salmon River is subject to
a take-over resulting in a change of the controlling interest in Salmon River,
any unvested options shall vest immediately.


About Investor Cubed

ICI is a Toronto-based consulting firm that provides specialized investor
relations and business consulting services to a select group of leading emerging
and mid-capitalization public companies. ICI has an established national network
of financial industry professionals including investment advisors, bank owned
investment dealers and leading independent financial firms. In addition, ICI
introduces and manages national online and off-line marketing initiatives. ICI
does not presently own any shares of Salmon River but may in the future acquire
shares of Salmon River for investment purposes.


About Salmon River Resources Ltd.

Salmon River Resources Limited is a mineral exploration company engaged in the
exploration for and development of commercial deposits of iron ore in Western
Australia. It exercised its option to acquire five tenements in the Yilgarn
region of Western Australia including the Treppo Grande iron ore project,
approximately 210 kilometres northwest of Kalgoorlie, comprising two tenements
covering Mt Manning (298 km2) and the Barlee tenement (98.7 km2). Completion of
the acquisition of the tenements is subject to certain conditions, including
payment of AUD$100 million to the optionor. Salmon River believes the Treppo
Grande project has the potential to be a world-class iron ore deposit with early
development potential. The shares of Salmon River are listed on the TSX Venture
Exchange under the symbol "SAL". For further information see our website at
www.salmonriver.com.au.


Forward-Looking Statements: Statements in this release that are forward-looking
statements are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulatory authorities. Such
information contained herein represents management's best judgment as of the
date hereof based on information currently available. The Company does not
assume the obligation to update any forward-looking statement.