Salazar Announces the Resignation of Directors

VANCOUVER, June 30, 2017 /CNW/ - Salazar Resources Limited (TSX.V: SRL; FRANKFURT: CCG.F) ("Salazar" or the "Company") - Mr. Fredy Salazar, President and CEO, announces that Messrs. Thomas Kelly and Jorge Roca Arteta have resigned as directors of the Company effective June 28, 2017.

The Board thanks Mr. Kelly and Mr. Roca Arteta for their efforts and wishes them the best in their future endeavours.

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 (TSXV: SRL) 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, including Aurelian's Fruta Del Norte discovery, IAMGold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit.Being an Ecuadorian based company gives the Company a strategic advantage enabling the Company to complete exploration at a rapid pace.With an excellent property portfolio (4 projects - 36,269 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCESalazar Resources Limited

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