Salazar Resources : 2023 ESTMA Report

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name			Salazar Resources Limited
Reporting Year	From	01/01/2023	To:		12/31/2023	Date submitted	05/23/2024
Reporting Entity ESTMA Identification Number	E258600		Original Submission
	Amended Report
Other Subsidiaries Included
(optional field)
Not Consolidated
Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Nick DeMare	Date	05/23/2024
Position Title	Director

Reporting Entities May Insert Their Brand/Logo here

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

01/01/2023

To:

12/31/2023

Reporting Entity Name

Salazar Resources Limited

Currency of the Report

CAD

Reporting Entity ESTMA

E258600

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Departments, Agency, etc…

Infrastructure

Total Amount paid to

Country

Payee Name1

within Payee that Received

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Notes34

Payments2

Improvement Payments

Payee

Ecuador

Government of Ecuador

Ministry of Energy and Non-

114,687

114,687 Mining concession fees

Renewable Natural Resources

Additional Notes:

ALL PAYMENTS ARE REPORTED IN CANADIAN DOLLARS (THE REPORTING CURRENCY OF THE REPORTING ENTITY) AND CONVERTED USING THE ANNUAL AVERAGE EXCHANGE RATE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 USED FOR USD TO CANADIAN DOLLAR OF 1.3494

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	01/01/2023	To:		12/31/2023			CAD
Reporting Entity Name			Salazar Resources Limited				Currency of the Report
Reporting Entity ESTMA			E258600
Identification Number
Subsidiary Reporting Entities (if
necessary)
						Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid by	Notes23
									Improvement Payments	Project
Ecuador	Bettys					39,622				39,622
Ecuador	Ruminahui					4,554				4,554
Ecuador	Osos					2,781				2,781
Ecuador	El Potro					14,270				14,270
Ecuador	Los Santos					26,902				26,902
Ecuador	Bonanza					23,060				23,060
Ecuador	Macara					3,498				3,498

Additional Notes3:

ALL PAYMENTS ARE REPORTED IN CANADIAN DOLLARS (THE REPORTING CURRENCY OF THE REPORTING ENTITY) AND CONVERTED USING THE ANNUAL AVERAGE EXCHANGE RATE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 USED FOR USD TO CANADIAN DOLLAR OF 1.349