Salazar Reports a High-Grade Tungsten-Silver Intersection at the Pijili Project, Ecuador: 2.00 Metres Grading 1.80% W (2.27% WO3) and 740 g/t Ag

Salazar Resources Limited (SRL) has released a technical re-interpretation of historical drill hole MERC-011 at the Mercy concession, part of its 100%-owned Pijilí project in Ecuador. The company clarifies that this is not new drilling or assaying; the data originates from original Adventus drilling and was not newly assayed by Salazar.

The reinterpretation highlights the following intercepts:

• 151.81 m from 0.70 m to 152.51 m averaging 0.25% Cu, 0.08 g/t Au, 0.01% Mo and 3.2 g/t Ag.
• A near-surface main sub-interval of 18.55 m from 4.70 m to 23.25 m averaging 0.99% Cu, 0.25 g/t Au, 0.03% Mo, 189.8 g/t Ag and 0.23% W.
• A newly separated 2.00 m sub-interval from 18.30 m to 20.30 m averaging 0.63% Cu, 0.07 g/t Au, 0.02% Mo, 740.0 g/t Ag and 1.80% W, or 2.27% WO3.

The 2.00 m sub-interval was not separately reported in the April 20, 2021 release. That earlier release did report the 18.55 m interval grading 0.23% W and noted individual tungsten assays ranging from 0.29% to one value above 1.00%.

True widths are not known. The company has done no new work to test continuity at surface or at depth, and no new drilling has traced the high tungsten values.

Salazar Resources Limited (SRL) released data regarding the Pijilí project, which remains in the early stages with no established resource estimate. The MERC-011 interval had previously been disclosed to the market during April 2021 drilling and was referenced again in the March 18, 2026 acquisition release. The newly separated 2 m at 1.80% W and 740 g/t Ag provides additional detail but was effectively present in the previous broader interval and earlier disclosure of tungsten assays above 1%.

Market movement has been primarily driven by the El Domo NPV update, construction progress, and surface work at the Monja porphyry. The stock rose from roughly C$0.23 in mid-July to C$0.40 by August 25, 2026, a gain of about 74%, before this release. Salazar now trades near its 52-week high.

The release of a recycled historical assay from one old Pijilí hole adds a potential follow-up target but does not define any volume, continuity, resource, or recoverable metal.

Salazar Resources Limited (SRL) is a Canadian junior exploration company focused in Ecuador. It holds a 25% fully carried interest in the Curipamba-El Domo copper-gold project under construction, operated by Silvercorp Metals, and 100% ownership of the Monja, Santiago, Pijilí, El Tigre and Tarqui-Quimi exploration projects.

Financial data from SEDAR indicates the company generated no operating revenue in FY2026, posting a net loss of C$1,929,103. As of March 31, 2026, Salazar held cash of C$984,568. The company carries no debt but faces a working capital deficit of C$298,614. There are approximately 264.5 million shares outstanding, with a book value per share of approximately C$0.09. The company remains reliant on equity financing.