TSX Venture Exchange: SRL Frankfurt Stock Exchange: SRL

#1305 - 1090 West Georgia Street

Vancouver, BC Canada V6E 3V7

Tel: (604) 685-9316  Fax: (604) 683-1585

TSX Venture Exchange: SRL  Frankfurt Stock Exchange: SRL

NEWS RELEASEAPRIL 19th, 2007

Continuation of Channel Sampling at Curipamba returns

10 m at 5.72 g/t Gold and 155 g/t Silver

Mr. Fredy Salazar, President, is pleased to provide this update on the Company's ongoing exploration program.

Said Mr. Salazar "With the positive results to date we are focusing our work at Curipamba, where we are stepping out from our initial discovery areas. Recently we identified new mineralized structures at Caracol and Caracol 1, located 1.6 kilometers north of El Gallo." (Figure 1)

At Caracol (Figure 2) and Caracol 1 (Figure 6) a total of 29 rock channel samples were taken, with the length varying from 2 to 5 meters, see Table 1. At Caracol two significant channel samples returned the following results: 2 m at an average of 3.11 g/t Gold and 0.29% Zinc; 16m averaging 1.98 g/t Gold and 1.7 % Zinc, including 6m averaging 2.80 g/t Gold and 2.18 % Zinc. At Caracol 1 the mineralized structure returned an average of 10 m at 5.72 g/t Gold and 155 g/t Silver. All sample results are included in Table 2.

The gold, silver and zinc mineralization zones lie between hydrothermal breccia structures with silicified clasts in an argilic matrix, in a host rock of prophyry with numerous quartz eyes. Inside the clasts polymetallic sulphides can be observed (silver mineralization with pyrite, sphalerite and galena).

Said Mr. Salazar "Our efforts at Curipamba have identified a number of anomalous zones within the Las Naves concession of the Curipamba project. The exploration efforts to date have given us an indication that the structures identified could form part of an overall mineralized zone."

The next phase of the work program will be to test the continuity of the structures. Geophysical surveys will be conducted over a grid. Lines are presently being cut with a 50 meter spacing, and with pickets surveyed in every 25 meters. Soil samples will be collected every 25m and rock channel samples taken from outcrops located within the grid. Pits will be dug to bedrock with soil samples collected from the pits and the bedrock sampled.

Dr. Howard Lahti, P. Geo, the Qualified Person (QP) in compliance with National Instrument 43-101 has reviewed this news release for accuracy.

Salazar Resources Limited

News Release, April 19, 2007

A QC program was used whereby 5% of all samples sent to the laboratory were standards with known silver and gold values. Samples preparation was performed by ALS Chemex Quito, Ecuador using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada using fire assay methods for gold (Au-25 procedure).

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 (TSX-V:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of 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, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or the accuracy of this release.

FIGURE 1

FIGURE 2

FIGURE 3

FIGURE 4

FIGURE 5

TABLE No. 1 “CARACOL PROSPECT”

FIGURE 6

FIGURE 7

FIGURE 8

FIGURE 9

TABLE No. 2 “CARACOL 1 PROSPECT”

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