Salazar Resources Corporate Presentation 2017

SALAZAR RESOURCES LTD.

TSX-V: SRL

CORPORATE PRESENTATION2017

“In partnership to develop Latin America’s next major VMS camp”

Forward-looking statements: This report includes certain statements that may be deemed

forward-looking. All statements in this release, other than statements of historical facts, that

address future production, reserve potential, exploration drilling, exploitation activities and

events or developments that the company expects, are forward-looking statements. Although

the Company believes the expectations expressed in such forward looking statements are

based on reasonable assumptions, such statements are not guarantees of future

performance and actual results or developments may differ materially from those in the

forward looking statements. Factors that could cause actual results to differ materially from

those in forward-looking statements include market prices, exploitation and exploration

successes, availability of capital and financing, and general economic, market or business

conditions. Investors are cautioned that actual results or developments may differ materially

from those projected in the forward-looking statements.

Disclaimer

Key Personnel

Fredy Salazar, President & Chief Executive Officer

M.Sc., 27 years experience, Newmont

Exploration, original work on Fruta del Norte

Nick DeMare, Corporate Secretary

CA, President of Chase Management, Director

of public companies

Juan C. Ortiz, B.Sc., M.Eng, Director

COO of Campania Minera Milpo SA and

former Corporate project manager of the

mining division of the Trafigura Group

Jorge Roca Arteta, Director

Harvard Business School alumni, experienced

business executive and Chairman of the

Cuenca Chamber of Industry.

Etienne Walter, Director

Honorary Consul General of the Republic of

Ecuador

Thomas Kelly, Director

Colorado School of Mines alumni, 35 years

of experience in mine production

Pablo Acosta, Chief Financial Officer

CPA, Private company experience, 7 years with

Salazar

Francisco Soria, Ing., Exploration Manager

22 years geological experience, 8 years with

Newmont, specializing in South America.

Kieran Downes, Ph.D., P.Geo, Qualified Person

Over 40 years diversified experience in gold, base

metals, uranium and diamond exploration

Jim Franklin, Ph.D., FRSC, P.Geo, Technical Consultant

Exploration geologist with 40 years of experience,

focusing on the discovery of base metal, uranium and

gold deposits

James Mayor, Technical Consultant

43 years in the Mining-Exploration Industry, 37 years

with Newmont Mining Corporation

Warren Pratt, Ph.D., P.Geo, Technical Consultant

25 years experience, worldwide Consultant, expert in

geologic mapping

Investment Highlights

• Major near surface high grade discovery with a NI 43-101 resource estimate

• Preliminary Economic Assessment (PEA) on the El Domo property at the Curipambaproject was completed on January 16th, 2015.

• Looking to be the next major VMS producer in Latin America

• 100% ownership of all properties

• Richest combined metal grades of all VMS deposits in the Andes

• Strategic investors including: Resource Capital Fund (15.09%), Lundin Mining (5.26%), Guangshou Mining (5.18%), Trafigura (3.98%)

• The Salazar team has been instrumental in Ecuador’s most significant discoveries including Fruta del Norte (13.7M oz. gold)

• Undefined limits of El Domo Deposit towards the east, north and at depth

• Only 20% of Naves Central Zone has been explored, with some additional high priority anomalies to be drill tested

• An entire under-explored VMS District in Latin America

MID-SIZE MINING LARGE PROJECTS

Underground Mining between 300 – 1,000 t/dayOpen Pit Mining between 1,000 – 2,000 t/day

> 1,000 t/day for Underground mining> 2,000 t/day for Open Pit mining

Mining concessions granted up to 10 years: 4 years earlyexploration (US$ 8.85/Ha) + 4 years advanced exploration(US$17.7/Ha) + 2 years feasibility study (US$17.7/Ha)

Mining concessions granted up to 10 years: 4 years earlyexploration (US$ 8.85/Ha) + 4 years advanced exploration(US$17.70/Ha) + 2 years feasibility study (US$17.70/Ha)

Ruled by mining law, no negotiation with the government.Once the mine begins operations, the annual paymentjumps to US$17.70/Ha up to 25 years (renewable)

Negotiation with the government to obtain operationalpermit. Once the mine begins operations, the annualpayment jumps to US$21.9/Ha up to 25 years (renewable)

Fixed Royalty of 3% on NSR for Small MiningFixed Royalty of 4% on NSR for Mid-Size Mining

Royalty between 5-8% on NSR

No windfall taxes Windfall tax: 70% for the state y 30% for the Company tobe paid 48 months after the investment has beenrecovered (in terms of the Net Present Value (NPV)) onamounts exceeding the agreed base price.

Sovereign Adjustment: If the state has received benefits in an amount lower to that of the exploration company’s, theSovereign Adjustment will be calculated and applied. Said tax will be paid after the NPV of the investment has beenrepaid.

TAX return: VAT devolutions will begin in 2018 TAX return: VAT devolutions will begin in 2018

Total tax burden ~ 27% (includes Royalty, VAT, ProfitSharing and Corporate Taxes). No windfall taxes

Total tax burden ~ 27% (includes Royalty, VAT, ProfitSharing and Corporate Taxes)

Background – Ecuador Mining Law 2013

Tax Burden-Ecuador Mining Law 2013

www.salazarresources.com | TSX-V:SRL | FSE: CCG 6

Fuente: Ministerio de Minería - Córdoba, 2016

(PREVIOUS TAX BURDEN) (TAX BURDEN) ( NEW TAX BURDEN = 27%)

Ecuador Projects:

Curipamba (El Domo Deposit): VMS

Camp

Santiago: Cu-Au porphyry and

hydrothermal quartz-sulphide veins.

Mendez: Cu-Zn porphyry

Rumiñahui - Au quartz stockwork

Colombia Projects:

Ramos –La Verde Project: Cu-Au-

Mo porphyry and mesothermal veins

with Au-Ag.

Alisales Project: Quartz-sulphide

veins system with Zn-Cu-Au.

Project Portfolio

The Salazar team discovered a high grade VMS camp with gold-rich

Cu-Zn VMS and structural zones. The mineralized body now has a

strike length of 850m North – South and an East – West width of

between 300 to 500m, with an average thickness of 10m. The body is

sub-horizontal from 50m to 150m below surface. The Company

completed its PEA of EL Domo on January 16th, 2015 El Domo.

Curipamba Project - Deposit El Domo

850m.

Curipamba Project

100% owned (21,500.00 hectares)

Located in the Western Cordillera of

Ecuador

2.5-hour drive from Guayaquil

20 km from Pan-American highway and

15km from high tension wires

Host to a new volcanic massive sulphide

camp controlled by Salazar

43,140 m drilled in 220 holes

Extensive drilling has defined an intact,

upright and only mildly disturbed

Kuroko-type VMS deposit

No forests or natural reserves in vicinity

LA PLATA

MACUCHI

CURIPAMBA

Curipamba Project –

Discovered El Domo in 2008

Located in Las Naves concession

El Domo remains open towards the north, east

and at depth. The average drill hole spacing is

approximately 50m within the El Domo.

For the resource estimate made in December

2013, a total of 31,770m were drilled in

168 holes. A total of 7736 samples were assayed.

High priority outcrop anomalies still to be drill

tested 800m north from El Domo Deposit (Sesmo

Anomaly)

The footwall at El Domo is a classic felsic flow

dome complex, very similar to Kuroko, Tasmania

and Noranda.

Phase V of drilling started on the latest part of

2016. This phase is set to complete 10,298m of

which 4,000m have been completed so far. The

main target is to define the El Domo deposit in

all directions and to test new anomalies in the

project. Fully financed by Resource Capital

Fund.

EL DOMO VMS Deposit

Lithology model

Section 9558300N and Section 695050E

Curipamba Project

Curipamba Project – El Domo

Preliminary Economic Assessment

The PEA evaluated the economics of an initial open pit operation followed by underground mining feeding to a conventional froth flotation plant. The report also studied several alternative sites for waste dump, tailing reservoir, processing plant and ancillary facilities while at the same time identified the most likely sources for process-water and electricity.

• Mine life of 14 years split into 9 years for open pit (at 2,000 tonnes per day) + 5 years for underground mining (at 1,000 tonnes per day)

• Total open pit production -which has been factored for mining extraction and mining dilution- of 6,213,029 ton with 2.06%Cu, 2.98%Zn, 0.39%Pb, 2.90 g/t Au and 57 g/t Ag.

• Total waste production for open pit of 46,220,572 ton. Mining strip ratio of 7.44.

• Total underground production -which has been factored for mining extraction and mining dilution- of 1,751,204 ton with 2.50%Cu, 0.14%Zn, 0.02%Pb, 0.83 g/t Au and 8.3 g/t Ag.

• Pre-Operational CAPEX of US$110.3 million including studies, mine equipment, pre-stripping, processing plant, tailing reservoir, waste dump, power supply and ancillary services.

• Price assumptions were US$6,750/t for Copper, US$1,900/t for Zinc, US$2,100/t for Lead, US$1,200/Oz for Gold and US$20/Oz for Silver

• After-tax Net Present Value of US$86.7 million at a 10% discount rate

• After-tax Internal Rate of Return of 30%

• After-tax Payback of 24 months

• Net after-tax cashflow of US$202.5 million


Highlights:

El Domo Project - Mineral Resource Estimate at an NSR cut-off of

US$30 per tonne (December 2013), by Buenaventura Ingenieros-BISA

Notes:

CIM definitions were followed for mineral resources.

The Mineral Resource Estimate is based on a 3D geological modelling of the volcanogenic massive sulphide deposit

(VMS). Four lithology units with a NSR cutoff of US$30 per tonne were considered as mineral resource.

Metal prices used are US$2.95/lb Cu, US$0.91/lb Zn, US$0.91/lb Pb, US$1,200/oz Au, and US$20.00/oz Ag.

Metallurgical recovery factors assumed were based on three domains defined by the metal ratio Cu/(Zn+Pb):

Zinc Domain Cu/(Pb+Zn)<0.3: 15% Cu, 90% Zn, 40% Pb, 50% Au and 65% Ag

Mixed Domain 0.3≤Cu/(Pb+Zn)≤3: 75% Cu, 50% Zn, 0% Pb, 55% Au and 65% Ag

Copper Domain Cu/(Pb+Zn)>3.0: 90% Cu, 0% Zn, 0% Pb, 30% Au and 40% Ag

Common industry smelter terms were assumed

Bulk density was estimated based on specific gravity determinations for each lithology unit

Categoria Cut-off Toneladas Cobre Zinc Plomo Oro Plata Contenido Contenido Contenido Contenido Contenido

Cobre Zinc Plomo Oro Plata

$ (Mt) (%) (%) (%) (g/t) (g/t) (M lbs) (M lbs) (M lbs) (ozs) (ozs)

Indicado 30 6.08 2.33 3.06 0.28 2.99 55.81 312.95 409.56 37.76 584,457 10,911,281

Inferido 30 3.88 1.56 2.19 0.16 2.03 42.92 133.46 187.39 13.96 253,607 5,357,690

TOTAL 9.96 446.41 596.95 51.72 838,064 16,268,971


Preliminary Economic Assessment

Metallurgy - Highlights

Highlights include:

• Preliminary metallurgical testwork confirmed that El Domo feed is amenable for conventional flotationtechnology.

• Testwork also confirmed the production of commercial quality flotation concentrates from "El Domo"deposit.

The metallurgical performance of an efficient flotation plant has been projected in the following table.

Cu, Zn, Pb, Au, Ag, Cu, Zn, Pb, Au, Ag,

% % % g/t g/t % % % % %

Concentrate Cu 2.46 19.7 17 1.31 8.18 748 58.2 8.24 7.67 6.16 22.6

Concentrate Pb 0.61 17.7 17 47.3 21.8 1,995 6.47 0.92 69 4.11 15.1

Concentrate Zn 9.49 1.73 45.5 0.31 14 286 19.7 85.4 6.9 40.8 33.4

Final Tail 87.4 0.15 0.31 0.08 1.83 26.9 15.5 5.39 16.4 49 28.9

Head Calculated 100 0.89 5.11 0.42 3.26 81.2 100 100 100 100 100

Concentrate Cu 7.62 21 8.51 0.94 8.77 230 75 29.8 49.6 29.3 40.8

Concentrate Zn 2.59 6.28 42 0.86 19.4 371 7.62 50 15.4 22 22.4

Final Tail 89.8 0.41 0.49 0.06 1.24 17.6 17.4 20.2 35 48.7 36.8

Head Calculated 100 2.13 2.17 0.14 2.28 42.9 100 100 100 100 100

Concentrate Cu 13.9 24.2 2.34 0.09 3.69 53.1 89.7 80.9 43.4 24.4 39.7

Final Tail 86.1 0.45 0.09 0.02 1.84 13 10.3 19.1 56.6 75.6 60.3

Head Calculated 100 3.75 0.4 0.03 2.1 18.6 100 100 100 100 100

CPO-002

(Composite Mixed)

CPO-003

(Composite

Copper)

Products Mass Pull (%)

Concentrate grade (%) or g/t Recoveries (%)

Composite ID

CPO-001

(Composite Zinc)

Mass Pull (%), weight percentage in the concentrate, relative to the weight of the feed to the concentrator (tons of concentrate produced per 100 tons of feed processed). Concentrate grade (%), assays of concentrates.Recoveries (%), percentage of metal reporting to each concentrate relative to the metal content of the feed to the concentrator.


Metallurgy – Micro photography



OPEX OPEN PIT OPEX UNDERGROUND MINE

Summary of Capital and Operating Costs

Initial and maintenance capital costs (CAPEX) under contingency


Initial and maintenance capital costs (CAPEX) under contingency

Pit Optimization : Optimal Cone

El Domo Project « Open Pit »

Pit Shell 3D

Pit Shell 2DSección 2

Sección 1


TAJO ABIERTO

Mass Pull year 1 year 2 year 3 year 4 year 5 year 6 year 7 year 8 year 9

Zn Mineral (mt) 179,550 179,550 179,550 179,550 139,650 139,650 139,650 129,675 12,269

Cu Concentrate (dmt) 2.46% 4,417 4,417 4,417 4,417 3,435 3,435 3,435 3,190 302

Pb Concentrate (dmt) 0.61% 1,095 1,095 1,095 1,095 852 852 852 791 75

Zn Concentrate (dmt) 9.49% 17,039 17,039 17,039 17,039 13,253 13,253 13,253 12,306 1,164

Mixed Mineral (mt) 319,200 319,200 319,200 319,200 269,325 269,325 269,325 219,450 143,441

Cu Concentrate (dmt) 7.62% 24,323 24,323 24,323 24,323 20,523 20,523 20,523 16,722 10,930

Zn Concentrate (dmt) 2.99% 9,544 9,544 9,544 9,544 8,053 8,053 8,053 6,562 4,289

Cu Mineral (mt) 199,500 199,500 199,500 199,500 159,600 159,600 159,600 169,575 61,646

Cu Concentrate (dmt) 13.90% 27,731 27,731 27,731 27,731 22,184 22,184 22,184 23,571 8,569

Total t-Mineral/year procesadas 698,250 698,250 698,250 698,250 568,575 568,575 568,575 518,700 217,355

Total Cu Conc (dmt) 56,470 56,470 56,470 56,470 46,142 46,142 46,142 43,483 19,801

Total Pb Conc (dmt) 1,095 1,095 1,095 1,095 852 852 852 791 75

Total Zn Conc (dmt) 26,583 26,583 26,583 26,583 21,306 21,306 21,306 18,868 5,453

Total t-Cu+Pb+Zn Conc/year 84,149 84,149 84,149 84,149 68,300 68,300 68,300 63,142 25,329

ASSAYS

Zn Mineral Cu% Zn% Pb% Au (g/t) Ag (g/t)

Cu Concs 19.70 17.00 1.31 8.18 748.00

Pb Concs 17.70 17.00 47.30 21.80 1,995.00

Zn Concs 1.73 45.50 0.31 14.00 286.00

Mixed Mineral

Cu Concs 21.00 8.51 0.94 8.77 230.00

Zn Concs 6.28 42.00 0.86 19.40 371.00

Cu Mineral

Cu Concs 24.20 2.34 0.09 3.69 53.10

OPEN PIT

Open pit – Production schedule


Section 1 – Optimal Cone: E-W

Optimum Cone



Section 2 – Optimal Cone: N-S

Optimum Cone



Location of alternative main structures

Facilities, relaveras and desmonteras


Mine Design

Access Ramp

Solid Cut off Eq. 1.0 % Cu

Ventilation Shaft

Operation Ramp

Topography

El Domo project« Underground »


Exploration Ramp

Longitud

m

Tonelaje

t

NSR

$/t

Cu

%

Zn

%

Au

g/t

Ag

g/t

170 34,461 205.02 2.08 5.28 5.95 78.56

El Domo project« Underground »


A same-scale comparison of selected VMS districts. A 5 km diameter

circle around each deposit shows the hypothetical area of influence of

proximal-scale alteration about each deposit, all encircled by a dashed

line defining the proposed extent of a regional-scale alteration system

for each camp

The Curipamba District has excellent potential for

additional discoveries:

The Curipamba (El Domo) is the major hydrothermal centre with

VMS (volcanogenic massive sulphide) mineralization in the

Ecuadorian Andes

Each of these centres should contain a VMS compliment similar to

that discovered in well developed districts elsewhere, typically

containing at least 20 million tonnes, and possibly as much as 50mt

The Curipamba District has the potential of a further cluster of

deposits that includes at least one >30Mt

The Curipamba district has all of the features of a major district,

comparable in metal content to a classic camp such as in the Tasman

Orogen or the Superior Province of Canada

El Domo may prove to be the most significant deposit. Such camps

typically contain a minimum of 6 deposits with economic metal

content. One of these is normally the “giant”, containing more than

30mt of ore.

The potential for additional discovery in the Curipamba area is

excellent

The great extent of breccias present in the El Domo deposit is a

testament to its being a major deposit in this district.

Curipamba - VMS Districts characteristics

Ref.: Observations on the Curipamba Massive SulfideDistrict, Ecuador

Report For Salazar Resources Ltd. by James M Franklin Ph.D., P. Geo

August 17, 2009


Other Curipamba Targets1. Sesmo: Hydrothermal Breccia + polysulphides, 15m @ 39.19/t

Au, 741 g/t Ag in Trench. Jim Franklin suggested that there is

the possibility of finding another VMS body under these

Breccias.

2. El Gallo: 597m drilling in 5 holes, highlighted results: 6.95m@

4.51 g/t Au, 157 g/t Ag in drill hole 15; 8.25m @ 5.80 g/t Au

and 66g/t Ag in drill hole 16

3. Sesmo Sur: 3,746 m drilling, in 18 holes; highlighted results:

12m @ 2.25 g/t Au and 31 g/t Ag in drill hole 01; 15m @ 2.54

g/t Au and 50 g/t in drill hole 05

4. La Vaquera: Strong argillic – chlorite pyrite alteration in 1.2 x

2.5 km area

5. Agua Santa: Semi massive + jasper float, with anomalous

values in Au, Cu and Zn

6. Barranco Colorado: Stockwork of pyrite + sphalerite, with

traces of chalcopyrite in dacite rhyolite, and float of jasper

pyrite of up to 1m diameter in an area of 0.5 x 1km. Currently,

we are completing geophysical work to cover 2.5 square

kilometers using Induced Polarity with positive preliminary

results so far.

7. Coral (Piedras Blancas) : Approx. 2.5 km NE; intense

alteration chlorite-argilic (2km x 1km), significant anomalies of

Au-Ag-Cu in rocks. Sample N50, 1.01g/t Au; 4.1 g/t Ag; 0.1 %

Cu; 0.33 % Zn.

2

7

6

43

5

1

Curipamba Project

Geophysical Targets + Potential

Curipamba Project

• Au, Cu, Zn and Arsenic anomalies from soils, floats and outcrop sampling


Curipamba Project – Barranco Colorado

• Currently, we are completing geophysical work covering 2.5 square kilometers using Induced Polarity

Community and Social Activities

The Community Relations Plan of the company approved by the

Ecuadorian State, promotes a sustainable environment of good

vicinity in the zone of influence of the project Curipamba, through

citizen participation practices and respect to the local identity. This

will enable the development of the social participation of the people

and organizations and the plan is reflected in the programs, projects

and activities in several fields as Culture (through sponsorship of the

local Dance Group Qhuya Kawsay), Education (through scholarship

programs) amongst other community activities and projects.

Also, as part of the commitment with the community and the

government, Salazar maintains very present its responsibility with

the environment by always applying environment friendly practices

and by keeping its environmental reports and permits in good

standing. Reports are presented every 3 months. We perform water

quality monitoring every 6 months and undergo bi-annual audits

from the Government Environmental Regulatory Agency

(Ministerio del Ambiente).

Curipamba Project

Santiago Project

37 km NNW of Loja, area of 2,350 hectares

4,578m drilled in 23 holes

Comprises a large mineralized hydrothermal and Cu-Au

porphyry system. In the Northeast of the concession, a

controlled structurally trend of quartz-sulphides veins with high

Au-Ag content.

Trend NW plus 5 vein - breccia from 1 to 5 m wide with

intense mineralization of Au-Ag.

Española Vein, (3m wide) ranged from 2.3 to 34.5 g/t Au and

from 26 g/t Ag to 230 g/t Ag.

Potential: more than 3 km of currently exposed veins

We have the permits for water use in the drilling phase

The Environmental Impact Study has been updated,

disseminated and submitted to the Ministry of Environment on

December 5th, 2012. In process of securing a new

environmental license.

Española Vein

ESPAÑOLA VEIN

DDH PANAMA

DDH NEWMONT

DDH 2137m in 11 holes

DDH 4578m in 23 holes

Española Vein: (within 1 to 3 meters width)

2.0m @ 28.1 g/t Au and 231 g/t Ag

1.0m @ 26.0 g/t Au and 242 g/t Ag

Structure Quartz-Tourmaline: (3 meters width)

3.3m @ 0.59 g/t Au, 36.6 g/t Ag and 390 ppm Mo

Ribs Zone and Ancha Vein: (up to 5 meters width)

1.0m @ 1.29 g/t Au and >100 g/t Ag

1.0m @ 1.65 g/t Au and >100 g/t Ag

Structure F.U.: (1.5 meters width)

1.40m @ 4.8 g/t Au and 378 g/t Ag

1.20m @ 6.4 g/t Au and 136 g/t Ag

M6 99 - 109 10 0.21

M7 33 - 124 91 0.16

M8 85 - 327 242 0.23

M9 31 - 151 120 0.26

M11 4 - 186 182 0.12

HOLE # INTERVAL (m) WIDTH (m) Cu(%)

M10 3 - 151 148 0.36

Gold in rocks > 100 ppb

Copper in soil > 120 ppm

Zinc in soil > 150 ppm

FU 01 0.0 - 323 323 0.37

HOLE # INTERVAL (m) WIDTH (m) Au(g/t) Cu(%)

0.23

FU 02 129 - 300 171 0.50 0.33

FU 08 0 - 300 300 0.24 0.11

FU 15 0 - 72 72 0.38 0.10

FU 16 43 - 93 50 0.43 0.25

FU 18 0 - 59 59 0.62 0.06

FU 17 54 - 150 96 0.21 0.32

Cu Eq(%)

0.47

0.66

0.27

0.35

0.53

0.47

0.46

Santiago Project

Au, Ag & Mo Values

Cross Section 683830E (N-S)

Structure F.U. (1.5m width)

6.4g/t Au and 136 g/t Ag

[email protected]%Cu


OPEN MINERALIZATION




Santiago Project

Sample Sector Width (m) Au (g/t) Ag (g/t) As (g/t) Hg (g/t) Mo (g/t) Sb (g/t)

150556 Veta Ancha 1.9 1.19 14.3 76 -1 296 -5

150557 Veta Ancha 3.3 0.59 36.6 31 -1 390 -5

150558 Española Vein 1.2 1.22 22.0 573 4 5 72

150559 Española Vein 1.0 0.39 6.0 866 1 7 47

150560 Española Vein 1.0 18.20 251.7 626 24 7 344

150561 Española Vein 1.0 0.25 4.9 1275 2 7 79

150562 Española Vein 1.0 1.19 13.0 640 2 3 45

150563 Española Vein 1.0 25.97 242.0 1035 38 7 511

150564 Española Vein 1.0 0.78 5.7 975 2 4 186

150565 Española Vein 0.5 4.85 442.0 906 13 7 1004

150566 Española Vein 0.5 8.30 79.3 803 20 10 372

150570 Ribs 3.0 0.17 69.2 1471 1 2 478

150571 Ribs 3.0 0.18 28.2 851 -1 -2 165

150572 Ribs 4.0 0.06 2.4 314 -1 2 63

2216 Ribs 1 1.29 >100 244 8 1 134

2217 Ribs 1 1.65 >100 301 11 1 103

150573 Veta Ancha Creek 3.0 0.28 6.6 1391 -1 7 106

150574 Veta Ancha Creek 10.0 0.20 2.0 350 1 57 35

2214 Quartz -Alunite Breccia 1 0.57 2.7 248 3 59 831

2215 Quartz -Alunite Breccia 1 0.47 2.1 492 <1 40 20

Outcrops Results SRL

Santiago Project

Previous Results

g/t g/t

Santiago Project

Samples Location

Española VeinFierroUrco

Structure

Ribs Zone

Silver Values

Española VeinFierroUrco

Structure

Ribs Zone

Gold Values

Santiago Project

Mendez Property

Highlights:

Two concessions that cover a total area of

9,500 hectares in the Province of Morona

Santiago

Cu-Zn-Mo (Gold) porphyry system

Copper mineralization is associated with 2-

3% sulphides and multi-directional veinlets in

a granodioritic to quartz diorite composition of

a complex porphyritic events

Mineralization also occurs in schist with

strong pyrite mineralization

Rumiñahui Property

Highlights:

Two concessions that cover a total area

of 2,910 hectares of prospective Au-Cu-

Ag targets

Located approximately 100 km

northwest of Quito

Main targets identified to date are the

original discovery areas previously

worked by artisan miners

Gold values from rock chip and

channel sampling have returned grades

of up to 2.7 g/t Au over 55m, 3.4 g/t Au

over 8m and 1.3 g/t over 9m

Future Concessions - Ecuador

• Salazar is actively bidding in approximately 45,000 hectares for new andprospective concessions offered in Ecuadorian territory. These solicitations havebeen carefully analyzed by our technical team through historical data, geologicstudies, field work and rock and sediment sampling.


PANNING Au

COLOMBIA PROJECT HIGHLIGHTS

• 22,000 Hectares in process of solicitation near the border with Ecuador

• 17,300 hectares of these are located in the Nariño Department in the SW of Colombia (Ramos-La Verde Alisales)

• A Cu-Mo district of porphyries and mesothermal veins with significant values of Au –Ag

Previous Studies:

JICA (Japan International Cooperation Agency) 1980

- Soils anomalies from 200 to 900 ppm Cu

- River sediments anomaly of up to 300 ppm Cu

- One trench with 20m @ 0.296% Cu & 60 ppm Mo

- Piedrancha is a mesothermal vein area with high content of Au-Ag-Zn. It lies within an area of 10km x 15km

March 2012 www.salazarresources.com | TSX-V:SRL | FSE: CCG 38

• 17,300 hectares (in claims), located in the

Nariño Department in the SW of Colombia,

belongs to the Occidental Andes Mountain

Range.

• A Cu-Au-Mo district of porphyries and

mesothermal veins with significant values of

Au-Ag-Zn. Within volcanic-sedimentary and

tertiary intrusive rocks.

Similar Deposits and Projects

• Junín Deposit (Codelco-Enami), con 982 Mt

@ 0.89% Cu and 0.04% Mo. Located 100km

SW of the property.

• Cascabel Project (SolGold-Cornerstone),

hole 09 with 1050m @ 0.68% Cu and 0.92 g/t

Au. Located 50km SW of the property

Ramos – La Verde Project Highligts

Colombia Projects

mailto:[email protected]

La Verde Anomaly

Ramos – La Verde Project

Ramos Results SRL

Sample TypeAu

(ppm)

Ag

(ppm)

Cu

(ppm)

Mo

(ppm)

Zn

(ppm)

103153

Stream

Sediment 0.846 <0.2 132 3 56

103154

Stream

Sediment 0.331 <0.2 207 7 49

103155

Stream

Sediment 1.060 <0.2 61 <1 68

103156

Stream

Sediment 1.220 <0.2 72 <1 98

103168

Stream

Sediment 4.290 0.2 155 6 68

103169

Stream

Sediment 1.960 <0.2 142 5 57

103199 Float 1.940 18.5 >10000 14 1050

103209

Stream

Sediment 0.252 -0.2 76 3 82

103221 Outcrop 2.073 0.7 34 6 36

103224 Outcrop 0.328 1.9 2483 7 >10000

Colombia Projects

La Verde Anomaly

Colombia Projects

Colombia Projects

Colombia Projects

Colombia Projects

Alisales Project Highligts• 2600 hectares, located in the south-east of the Nariño Department.

• It is a quartz-stockwork veins system, with high contents of Au-Ag-Cu-Mo.

• A small mine produced cooper concentrates during the 1980’s.

•SRL results

Sample Type Width (m) Au (ppm) Ag (ppm) Cu (ppm) Mo (ppm) Zn (ppm)

103238 Steam Sediment 0.904 0.4 58 2 90

102656 Outcrop 1.80 0.284 55.4 45400 384 14

102657 Outcrop 1.70 0.302 57.8 33700 399 59

102658 Outcrop 30.00 0.429 84.0 56400 5 8

102662 Outcrop 1.20 11.740 58.3 2069 5 7

102664 Outcrop 22.920 248.7 19800 5 9

102666 Outcrop 1.80 42.750 119.3 77500 210 24

102667 Outcrop 1.20 0.407 24.6 27000 7153 25

102668 Outcrop 1.20 1.033 25.2 26300 1517 54

102669 Outcrop 2.50 0.095 39.5 21400 38 23

102670 Outcrop 2.50 0.064 85.5 42400 26 10

102671 Outcrop 43.00 1.098 36.1 15900 8 31

103578 float 0.30 x 0.50 0.573 17.3 12000 10 21

103588 Outcrop 1.20 2.087 24.0 2318 6 10

103599 Steam Sediment 1.888 0.7 54 6 81

103600 Steam Sediment 1.609 1.3 43 5 74

Colombia Projects

• Mining Concession Title prior to beginning activities.

• Max. 10,000 hectares per concession.

• Mining titles with a 30 years renewable for an equal period upon request.

• Annual Maintenance Cost per concession (Canon): Equivalent to a minimum

wage one day’s work per hectare / year. (Approx. USD $ 10).

• “Paramo/Highlands” law: No mining activity over the 3000 m.s.n.m.

Colombia Mining Law Highlights

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Tel: +1 604 685 9316

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Tel:+593-2-227-8975 Ext. 103

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