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Salazar Resources Limited Announces Private Placement Financing in Vancouver

Overview of the Financing Arrangement

Vancouver, British Columbia—(Newsfile Corp. – December 24, 2024)—Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG.F) ("Salazar" or the "Company") is excited to announce the initiation of a non-brokered private placement financing aimed at raising up to $1,750,000. This funding will be secured through the issuance of up to 25,000,000 shares at a price of $0.07 per share. In a notable development, several insiders associated with the Company will actively participate in this financing round.

Importantly, no finder’s fee will be payable in relation to this financing, allowing the entirety of the funds raised to be directed towards key operational needs. The capital generated from this private placement will be primarily allocated for working capital, tenure payments—specifically on recently acquired properties—and exploratory efforts that are pivotal to the Company’s growth.

Regulatory Compliance and Holding Period

All securities issued as part of this private placement are subject to a 4-month hold period and will only be issued following the requisite regulatory approvals, including the final acceptance by the TSX Venture Exchange. This ensures compliance with established laws and enhances transparency for potential investors.

Important legal Disclaimers

This press release does not represent an offer for sale or a solicitation of offers to buy shares, nor shall there be any sale of shares within jurisdictions where such offers would be considered unlawful. The shares issued in this offering have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Consequently, they cannot be offered or sold within the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless a valid registration or exemption applies.

About Salazar Resources Limited

Salazar Resources Limited is committed to generating value and fostering positive change through its discovery, exploration, and developmental endeavors in Ecuador. The Company is backed by a knowledgeable team with extensive expertise in Ecuadorian geology, having significantly contributed to the discovery of numerous major projects across the region, which now includes the latest operating gold and copper mines.

The Company boasts a wholly owned portfolio of copper-gold exploration projects throughout Ecuador. Salazar’s strategic objectives center on not only achieving additional commercial discoveries but also on the farm-out of non-core assets, which will enable increased focus on their prime projects. Salazar Resources actively collaborates with local communities and, in partnership with the Salazar family, has established The Salazar Foundation—an independent nonprofit organization dedicated to sustainable development through economic growth.

To date, the Company has carried interests in three key projects. At its initial discovery venture, Curipamba, Salazar holds a 25% stake, which is fully covered through to production. In addition, Salazar Resources has a 20% stake in two copper-gold porphyry projects, Pijili and Santiago, and is actively working on acquiring the remaining interests from Silvercorp.

Leveraging AI legalese decoder

In navigating the complexities of private placement offerings and regulatory compliance, Salazar Resources may benefit significantly from tools like the AI legalese decoder. This cutting-edge technology can help interpret legal jargon and regulations, providing clear and concise explanations that facilitate understanding to both the Company and potential investors. By minimizing the risks associated with misinterpretation, the AI legalese decoder ensures that all parties involved are comprehensively informed about their rights, obligations, and any possible implications arising from the financing and associated transactions.

Further Information

For additional information regarding Salazar Resources, contact Nick DeMare, Director, at [email protected] or call 604-685-9316. You can also explore detailed insights on the Company by visiting their website at www.salazarresources.com.

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

Distribution Notice

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION, OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

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