Salazar Signs Definitive Agreement for the Purchase of Ecuadorian Exploration Properties from Silvercorp Metals Inc.

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[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to announce that further to its news release of December 23rd, 2024, the Company and two subsidiaries of Silvercorp Metals Inc. ("Silvercorp") have finalized and signed the definitive agreement (the "Definitive Agreement") pursuant to which the Company is to acquire certain exploration assets in Ecuador from the Silvercorp subsidiaries (the "Transaction"). The Company and Silvercorp are moving to close the Transaction.","length":640,"tagName":"p"},{"type":"text","content":"Under the terms of the Definitive Agreement, the key terms of which are outlined below, the Silvercorp subsidiaries will transfer the shares of two of Silvercorp's subsidiaries to Salazar, which subsidiaries hold interests in the following four mineral exploration properties in Ecuador in exchange for the following net smelter return ("NSR") royalties in such properties:","length":387,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"an 80% interest in the Santiago Project in exchange for a 1.5% NSR royalty on the entire project, subject to a $3 million repurchase option;","length":140,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"an 80% interest in the Pijilí Project in exchange for a 1.5% NSR royalty on the entire project, subject to an option to repurchase two-thirds of this NSR royalty (a 1% NSR royalty) in exchange for $1 million;","length":208,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"a 100% interest in the Tarqui Project in exchange for a 1.5% NSR royalty on the project, subject to an option to repurchase two-thirds of this NSR royalty (a 1% NSR royalty) in exchange for $1 million; and","length":205,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"a 100% interest in the Quimi Project in exchange for a 1.5% NSR royalty on the project, subject to an option to repurchase two-thirds of this NSR royalty (a 1% NSR royalty) in exchange for $1 million.","length":200,"tagName":"p","attribs":{}}]}],"tagName":"ol","bulletedList":false,"length":753},{"type":"text","content":"Salazar currently owns 20% of the Santiago and Pijili Projects and this Transaction pro...

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