Salazar Resources Defines 650m x 500m Gold-Bearing Barite Horizon at El Tigre, Ecuador; Surface Sampling Returns 45m at 8.94 g/t AuEq

About this update from Salazar Resources Limited

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to report results from rock chip sampling and geologic mapping at its 100%-owned El Tigre Project in Loja Province, Ecuador. The program builds on previously reported geological, geochemical, and geophysical work and marks a significant step in defining a priority drill target. HIGHLIGHTS Fredy Salazar, President and CEO, commented: "El Tigre is emerging as a genuinely compelling target. A 650-metre by 500-metre gold-bearing barite horizon at surface, with geological characteristics that echo the Tambo Grande system, is exactly the kind of footprint that warrants aggressive follow-up. We are now designing a scout drill program to test both the surface mineralization and the potential for underlying sulphide mineralization at depth. This is an exciting moment for the project." Sampling and Geological Interpretation The current program was designed to expand and infill previously identified geochemical anomalies and mapped mineralized zones. When integrated with historical datasets and geological work (see news releases dated July 11, 2019; November 12, 2020; January 14, 2021; and April 13, 2021), the results added more detail to the gold-bearing, barite-rich hydrothermal breccia where the Company previously reported grades of up to 9.94 g/t Au in soil and 29.60 g/t Au in rock samples. As previously reported (July 11, 2019), the mineralization is hosted in Cretaceous pillow lavas of the Celica formation. The mineralization is associated with hydrothermal breccias and stockworks containing barite veinlets, intense silicification and sporadic silver sulphosalts. This horizon is accompanied by iron oxide staining and elevated gold and silver values. Fifteen of the newer samples were aligned with historical rock chip samples to form trench-like intervals and the remaining were taken from other sites where the breccia was mapped. (Image1) As a result, this laterally extensive, gold-bearing, barite-rich horizon is found to be exposed at surface over approximately 650 m by 500 m and locally within a ravine with up to 60 m of vertical relief (see cross-section), providing an excellent natural exposure through the ravine. Although the higher-grade intervals vary within th...

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