Salazar Announces Funding Agreement to Advance Curipamba to Production

Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) (the "Company") is
pleased to announce an investment and participation agreement (the "Agreement")
with Urion Mining International BV, a wholly owned subsidiary of Trafigura
Beheer B.V. (together referred to as "Urion"), a privately held international
commodity trading and logistics company. Urion will provide funding to assist
the Company with the advancing of the El Domo Property at the Curipamba Project
to the production stage.


The Agreement provides for a series of investments with the first being a
private placement of 2,500,000 units of the Company ("Units") at a price of
$0.40 per Unit for total gross proceeds of $1,000,000. Each Unit consists of one
common share of the Company and one-half of a share purchase warrant. Each full
warrant entitles the holder to purchase an additional common share of the
Company for a period of 18 months at a price of $0.50 per share. The net
proceeds from this financing are to be used for working capital purposes. This
transaction has been accepted by the TSX Venture Exchange and the Company has
issued 2,500,000 shares and 1,250,000 warrants. The shares and warrants issued
and the shares which underlie the warrants have a hold period expiring July 23,
2013. 


Under the Agreement Urion undertakes to provide additional financing of
$1,000,000 through a further private placement of common shares. This additional
private placement will occur only when an engineering firm has been engaged to
prepare a Preliminary Economic Assessment ("PEA") on the El Domo property at the
Curipamba Project. This financing will be priced at prevailing market price once
all conditions precedent are met. The net proceeds from this subsequent
financing are to be used solely to fund tenure holding costs, costs of the
engineering study and basic operating expenses in Ecuador incurred by the
Company's wholly owned subsidiary, Curimining S.A. ("Curimining"). The sole
asset of Curimining is the Curipamba Project.


On receipt of the engineering study, which the Company anticipates in
approximately eight months, Urion may elect to provide additional financing
through an investment in the Company or in its wholly owned Ecuadorian
subsidiary, Curimining. In return for additional financing, beyond the $2
million referred to in this news release, on terms and conditions to be
determined, Urion can earn a maximum 35% interest in either the Company or
Curimining. Under the Agreement Urion is committed to provide financing for up
to 50% of the total project costs to bring El Domo into production. Urion also
undertakes to assist the Company in obtaining the balance of the funding
required to bring El Domo into production. The Agreement grants Urion off take
rights to purchase all production from future operations.


The Company will have responsibility for all administrative activities related
to obtaining all the necessary permits from the Ecuadorian State in order to
advance the project to the exploitation phase. 


Mr. Salazar comments, "We are very enthusiastic about this agreement which marks
a new stage in the life of the Company that will be of great benefit for both
companies as well as for our shareholders. I believe with this new prestigious
and experienced partner, we will have great support for future mining projects
like El Domo." 


ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED 

Fredy Salazar, President & CEO

Salazar Resources Limited 

About Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG)
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.Being based in Ecuador, thus have
thorough knowledge of local human and environmental issues, gives the company a
strategic advantage, enabling it to complete exploration at a rapid pace. With
an excellent property portfolio (3 projects- 42,900 hectares), good geopolitical
positioning and a number of strategic corporate and financial partnerships,
Salazar has positioned itself to be a strategic player in Ecuador and throughout
South America. 


About Trafigura Beheer B.V.

Trafigura is one of the world's leading international commodity traders,
specializing in the oil, minerals and metals markets, with 81 offices in 56
countries in Europe, Africa, Asia, Australia, and North, Central and South
America. The Group's primary trading businesses are the supply and transport of
crude oil, petroleum products, renewable energies, coal, refined metals, ferrous
and non-ferrous ores and concentrates. Trafigura is the world's second largest
independent non-ferrous trading company and the third largest independent oil
trader.


Founded in 1993, the company is owned by its founding shareholders and senior
management. It has achieved substantial growth in recent years, growing turnover
from USD18 billion in 2004 to USD120.4 billion in 2012. 


www.trafigura.com

This press release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. 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. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Salazar Resources Ltd.
Investor Relations
647-925-8981
[e-mail]
www.salazarresources.com


Trafigura Beheer B.V.
Global Press Office
[phone]
[e-mail]
www.trafigura.com