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Salazar Resources Announces Results of Annual General Meeting

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Salazar Resources (OTCQX: SRLZF) held its annual general meeting on September 12th, 2025, where shareholders elected five directors: Fredy Salazar, Pablo Acosta, Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu.

Shareholders approved all resolutions, including the company's stock option plan that allows granting options up to 10% of issued and outstanding common shares. Post-meeting, key appointments include Fredy Salazar as President and CEO, Pablo Acosta as CFO, Freddy David Salazar as Corporate Secretary, while Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu were appointed to the audit committee.

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On the day this news was published, SRLZF declined 2.61%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) ("Salazar" or the "Company") announces that at the annual general meeting (the "Meeting") of shareholders of the Company held on September 12th, 2025, the shareholders elected Fredy Salazar, Pablo Acosta, Nick DeMare, Merlin Marr-Johnson and Jennifer Wu as directors of the Company.

The shareholders also passed all other resolutions including an ordinary resolution ratifying the Company's stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant.

Following the Meeting, the directors appointed Fredy Salazar as President and Chief Executive Officer of the Company, Pablo Acosta as Chief Financial Officer and Freddy David Salazar as Corporate Secretary. The Board also appointed Nick DeMare, Merlin Marr-Johnson and Jennifer Wu to the audit committee

About Salazar Resources

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. Salazar Resources actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. Salazar Resources already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, Salazar Resources has a 20% stake and is to acquire the remainder of such projects from Silvercorp pursuant to the Transaction.

For further information from Salazar Resources, please contact Nick DeMare, Director, at ndemare@chasemgt.com or at 604-685-9316. Please also visit the Salazar Resources website at www.salazarresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266298

FAQ

Who are the newly elected directors of Salazar Resources (SRLZF) for 2025?

The newly elected directors are Fredy Salazar, Pablo Acosta, Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu.

What is the maximum stock option allocation approved at Salazar Resources' 2025 AGM?

Shareholders approved a stock option plan allowing options up to 10% of the company's issued and outstanding common shares at the time of grant.

Who was appointed as CEO and CFO of Salazar Resources following the 2025 AGM?

Fredy Salazar was appointed as President and CEO, while Pablo Acosta was appointed as CFO.

Who are the members of Salazar Resources' audit committee after the 2025 AGM?

The audit committee members are Nick DeMare, Merlin Marr-Johnson, and Jennifer Wu.
Salazar Res Ltd

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