News Releases | 2016

Salazar Adds Jorge Roca Arteta And Thomas Kelly To The Board

VANCOUVER, BRITISH COLUMBIA, AUGUST 2, 2016 - SALAZAR RESOURCES LIMITED (TSX.V: SRL; FSE: CCG) (the “Company”) – Mr. Fredy Salazar, President and CEO, is pleased to announce the appointment of Messrs. Jorge Roca Arteta and Thomas Kelly to the Board, effective immediately.

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Salazar Completes First Tranche Of Royalty Sale

Mr. Fredy Salazar is pleased to report that the Company has closed on the first tranche of the royalty sale announced on April 6, 2016. The Company has sold to RCF VI SRL LLC (“RCF”) a 1% net smelter returns royalty (“NSR”) in the Curipamba project and has received US$2,375,000.

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Salazar Provides Update On Its Recapitalization Plan

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Salazar Announces The Resignation Of Graeme Robinson

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Salazar Announces Closing Of Private Placement And Debt Settlement

Mr. Fredy Salazar, President and CEO is pleased to announce that further to the Company’s news release of April 6, 2016, the Company has completed a US$1,050,000 private placement (the “Private Placement”) and debt settlement, two elements of its previously announced recapitalization plan.

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Salazar Announces Delay Of Financing

Mr. Fredy Salazar, President and CEO announces that further to the Company’s news release of April 6, 2016, closing of the proposed US$1,050,000 unit private placement financing forming part of the Company’s recapitalization plan has been delayed until the Company and its lead investor, Resource Capital Fund VI L.P., have resolved certain of the conditions precedent.

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Salazar Announces Terms For Financing And Royalty Sale With Proceeds To Advance Curipamba Project

Mr. Fredy Salazar, President and CEO is pleased to announce a recapitalization plan for the Company that will include a private placement, royalty sale and debt conversion. The Company is to sell units to arm’s length financiers to raise US$1,050,000 and will sell a 2% net smelter returns royalty interest in its Curipamba project for US$4,750,000.

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