Salazar Resources Closes $1.4 Million Private Placement

Financing Details - Salazar Resources Limited closed a non-brokered private placement financing, raising gross proceeds of $1,430,498 by issuing 11,003,830 common shares at a price of $0.13 per share [1] - Finder's fees amounted to $15,600 in cash and 120,000 finder's warrants, each allowing the purchase of one common share at $0.13 for two years [1] - Net proceeds will be allocated to fund costs on the Company's resource properties and for general working capital purposes [1] Insider Participation - Certain insiders purchased an aggregate of 839,600 shares in the financing, which is classified as a "related party transaction" [3] - This transaction was exempt from formal valuation and minority shareholder approval requirements as it did not exceed 25% of the Company's market capitalization [3] - No directors expressed disagreement regarding the insider participation, and a material change report was not filed 21 days prior to the closing due to unconfirmed details at that time [3] Investor Relations Agreement - The Company entered into an investor relations and communications agreement with Baystreet.ca Media Corp, which will provide marketing services for an initial term of three months starting January 2026 [5] - Compensation for Baystreet will be $20,000 per month, with no securities issued as compensation [6] - The agreement is subject to approval by the TSX Venture Exchange [6] Company Overview - Salazar Resources Limited focuses on discovery, exploration, and development in Ecuador, with a strong understanding of the local geology [7] - The Company has interests in three projects, including a 25% stake in the Curipamba project and a 20% stake in the Pijili and Santiago projects [7] - Salazar Resources is committed to sustainable progress through economic development, co-founding The Salazar Foundation [7]