The following corrects and replaces the release issued at 11:40 am ET on March
1, 2012. The third paragraph has been updated. The complete and corrected
release follows


Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announced
that it will be exhibiting at the 2012 Prospectors & Developers Association of
Canada (PDAC) International Convention, Trade Show & Investors Exchange.


Salazar Resources invites all interested parties to visit us at booth # 2947 in
the Investors Exchange for the opportunity to meet with management and receive
an update on the company's activities.


PDAC 2012 takes place from March 4 to March 7 at the Metro Toronto Convention
Centre, South Building. For more information, visit www.pdac.ca.


ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED 

Fredy Salazar, President & CEO

Salazar Resources Limited 

About Salazar Resources: 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.
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