VMS Vortex Metals Inc

Salazar Resources Ltd. (the "Company") (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr.
Fredy Salazar, President and CEO is pleased to announce the results of an
updated resource estimate for the El Domo deposit at its Curipamba volcanogenic
massive sulfide ("VMS") Property, Ecuador. The Company holds a 100% interest in
the mineral rights to the El Domo deposit. The estimate was prepared by Scott
Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA"), effective September
24, 2010.




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                                          Cop-
         Ton- Cop-                  Sil-   per Lead  Zinc
Cate-     nes  per Lead Zinc  Gold   ver    (M   (M    (M    Gold    Silver
 gory  ('000)  (%)  (%)  (%) (g/t) (g/t)  lbs) lbs)  lbs)   (ozs)     (ozs)
---------------------------------------------------------------------------
Indic-
 ated     623 3.70 0.41 4.16   3.0  98.0  50.8  5.6  57.1  60,000 1,963,000
Inferr-
 ed     2,499 3.24 0.37 4.28   4.3  79.5 178.5 20.4 235.7 346,000 6,388,000
---------------------------------------------------------------------------
Notes:
1. CIM definitions were followed for mineral resources.
2. Mineral resources are estimated at a net smelter return cut-off of
   US$50 per tonne.
3. Metal prices used are US$3.25/lb Cu, US$1.10/lb Zn, US$0.90/lb Pb,
   US$1,050/oz Au and US$18.00/oz Ag.
4. Metallurgical recovery factors assumed were 75% Cu, 85% Zn, 50% Pb, 60%
   Au and 55% Ag.
5. Common industry values for smelter terms were assumed.
6. A density of 3.6 t/m3 was used for the massive sulphides and a
   density of 2.7 t/m3 for two small hanging wall mineralized lenses,
   based on specific gravity determinations on core samples.



The El Domo deposit is located in the Central Las Naves concessions that form
part of the approximately 500 sq km Curipamba VMS camp which is one of the three
major hydrothermal centers in the Ecuadorian Andes. The Curipamba district has
all of the features of a major VMS district and aggressive exploration programs
are being implemented to discover additional resources. The presence of the
numerous untested geophysical anomalies adjacent to El Domo is a reminder of the
district potential.


Mr. Fredy Salazar, President & CEO, states, "Within two years of stepping foot
on the Curipamba VMS Property, the Company has delivered a significant
copper-gold-zinc rich resource and has defined a series of additional
exploration targets within the district. This new resource estimate incorporates
our latest drill hole results and geological interpretation and has been
thoroughly prepared by a world class team of experts. We are particularly
pleased by the strength and continuity of the copper and gold grades and that
more than 20% of the El Domo resource is in the Indicated Mineral Resource
classification. Recent results have added to our confidence in the El Domo
deposit. Our objective is to continue to expand the Curipamba resources
sufficiently to spur a scoping level economic evaluation later this year. A
metallurgical test program has already been initiated and representative samples
from throughout the resource areas have been shipped to Canada for testing."


Resource Estimate Methodology

The database for the resource estimate on the El Domo deposit comprises 18 core
drill holes. A total of 186 assays for copper, lead, zinc, gold and silver are
situated within the resource wireframe, which was built based on a net smelter
return (NSR) cut-off value of US$50 per tonne. The resource wireframe was built
from a set of north facing vertical sections spaced at 50 m apart and it is
based on a recent geological and structural interpretation provided by Mr. Jim
Mayor, Senior Geological Consultant for Salazar. Two metre length composites
were produced that honoured the resource wireframes. Grades were estimated by an
inverse distance squared method for all blocks. Indicated Mineral Resources were
estimated in an area of the deposit characterized by drill holes spaced at
approximately 50 metres. Inferred Mineral Resources were estimated for the
remainder of the deposit.


As part of the preparation of this resource estimate, Scott Wilson RPA completed
independent data verification.


The resource estimate reported in this press release were produced by Scott
Wilson RPA under the supervision of Wayne Valliant, P.Geo., a Qualified Person
as defined by National Instrument 43-101 ("NI-43-101"). Mr. Wayne Valliant has
reviewed and verified the contents of this release. Scott Wilson RPA and Mr.
Valliant are independent advisers to the Company. The preparation of a NI 43-101
compliant technical report is expected to be completed within approximately 10
days of this press release.


The major components of the statutory and regulatory framework governing the
mining industry in Ecuador are new and continue to evolve - the Constitution was
approved in September, 2008, the mining law came into effect on 29 January, 2009
and the regulations to the mining law were published on 16 November, 2009 -
consequently there are few precedents and only limited experience with their
administration and application. It is possible that these factors could
materially impact the mineral resource estimate disclosed herein.


About the Curipamba VMS Property

The Curipamba property is situated within the Eocene submarine volcanic arc of
Ecuador and is the southernmost of three significant VMS districts. The
immediate geological setting of the deposit (referred to as El Domo), comprises
gently dipping strata bounded by high-angle NNE and NW striking faults. The
footwall rocks are a flow dome complex. The overlying VMS deposit ranges from 4m
to plus 30m in thickness and was followed by finely laminated tuffaceous
sediments. Andesite dykes, 20m to possibly 100m wide are often emplaced along
the northeasterly trending faults.


The significant features of the deposit include the presence of a unique rock in
the immediate hanging wall that is referred to as grainstone breccias. It is an
excellent marker horizon that formed an excellent trap for hydrothermal fluids.
The VMS horizon is often characterized by a 0.5 to 1.0m cap of precious
metal-sphalerite mineralization. Chalcopyrite is dominant in the rest of the VMS
with anomalous precious metals. The immediate footwall to the VMS is
characterized by gypsum-anhydrite representing a zone of sodium depletion caused
by the hydrothermal fluids. The El Domo deposit is one of numerous geochemical
and geophysical anomalies in the greater Curipamba property.


ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED

Fredy Salazar, President & CEO

Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource
company engaged in the exploration and development of new highly prospective
areas in Ecuador. Led by a senior Ecuadorian management team and most notably by
its namesake Fredy Salazar, this team has been instrumental in other major
discoveries throughout Ecuador. Being an Ecuadorian based company gives the
company a strategic advantage enabling the company to complete exploration at a
rapid pace. With an excellent property portfolio (3 projects - 42,900 hectares),
good geopolitical positioning and a number of strategic corporate and financial
partnerships, Salazar has positioned itself to be a strategic player in Ecuador
and throughout South America.


Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to possible events, the future price of copper, lead, zinc, gold and silver, the
estimation of mineral resources, the realization of mineral resource estimates
and success of exploration activities. The words "is expected" or "estimates" or
variations of such words and phrases or statements that certain actions, events
or results "may" or "could" occur and similar expressions identify
forward-looking statements. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable by
the Company as of the date of such statements, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. 

The estimates and assumptions of the Company contained in this release which may
prove to be incorrect, include, but are not limited to, (1) the discovery and
expansion of mineral resources on the Curipamba Property being consistent with
the Company's current expectations; (2) the implementation of Ecuador's new
mining law and related regulations and policies being consistent with the
Company's current expectations; (3) certain price assumptions for copper, lead,
zinc, gold and silver; and (4) the accuracy of our current mineral resource
estimates. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such factors
include, but are not limited to: fluctuations in the spot and forward price of
gold or certain other commodities; changes in national and local government
legislation, taxation, controls, regulations and political or economic
developments in Canada, Ecuador or other countries in which the Company does
business or may carry on business in the future; business opportunities that may
be presented to, or pursued by, the Company; operating or technical difficulties
in connection with mining activities; the speculative nature of gold exploration
and development, including the risks of obtaining necessary licenses and
permits; diminishing quantities or grades of reserves; and contests over title
to properties, particularly title to undeveloped properties. In addition, there
are risks and hazards associated with the business of gold exploration,
development and mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion
losses (and the risk of inadequate insurance, or the inability to obtain
insurance, to cover these risks). Many of these uncertainties and contingencies
can affect the Company's actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking statements
made by, or on behalf of, the Company. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Forward-looking statements are provided for the purpose of providing information
about management's expectations and plans relating to the future. All of the
forward-looking statements made in this release are qualified by these
cautionary statements and those made in our other filings with the securities
regulators in Canada. These factors are not intended to represent a complete
list of the factors that could affect the Company. Although the Company believes
that the expectations in the forward-looking statements are reasonable, actual
results may vary, and future results, levels of activity, performance or
achievements cannot be guaranteed.

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