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Salazar Resources Ltd.

03:47 PM EST - Salazar Resources Ltd. : provided an update on the letter-of-intent with Guangshou Group Co. Ltd., 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, at a price of $0.22 per Unit, for gross proceeds of $1,000,000. Salazar Resources Ltd. shares V.SRL are trading up $0.005 at $0.17.