Salazar Provides Update on Curipamba Agreement

VANCOUVER, BRITISH COLUMBIA, Oct 27, 2014 (Marketwired via COMTEX) Salazar Resources Ltd. (TSX VENTURE: SRL)(FRANKFURT: CCG) (the Company ) provides an update on the letter-of-intent ( LOI ) with Guangshou Group Co. Ltd. ( Guangshou ), a privately-held Chinese international mining conglomerate, for a joint venture to develop the Curipamba Project. Pursuant to the LOI the Company has been working to complete a private placement financing of 4,545,455 units (a Unit ), at a price of $0.22 per Unit, for gross proceeds of $1,000,000. Each Unit consists of one common share (a Share ) of the Company and one-half of one share purchase warrant (a Warrant ). Each whole Warrant entitles the holder to purchase an additional Share of the Company for a period of 18 months from the closing date at a price of $0.35 per Share. The Company has received initial funding of $500,000 and has issued 2,272,727 Units. Completion of the remaining $500,000 of the $1,000,000 private placement remains a condition
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