Salazar Resources Signs Option To Acquire The Los Santos Gold Project

VANCOUVER - Salazar Resources has entered into a mining option and shareholders' agreement with Minera Mesaloma S.A. and other arm's length parties (collectively, the "Optionor"), and Santos Resources Ltd. (Canco) pursuant to which Salazar Resources has the option to acquire, indirectly by way of the acquisition of shares of Canco, of up to 100% of the Los Santos gold project (comprised of the 2,215 hectare Los Santos 2.1 concession) (the "Property"), located in southwest Ecuador, adjacent to the Cangrejos deposits and approximately 10 km northeast of the Company's Los Osos project . The signing of the letter of intent in respect of the transaction, and the terms of the transaction, were previously announced by Salazar Resources on December 10, 2020.