Salmon River Resources Ltd. is pleased to announce that the TSX Venture Exchange has approved the Company's proposal to settle indebtedness of $600,000 by the issuance of 1,714,285 shares of the Company at a price of $0.35 per share.

All shares issued pursuant to this debt settlement are subject to a four-month hold period expiring on April 16, 2012 in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.

For further information about Salmon River Resources Ltd. (TSX VENTURE:SAL), see the website at www.salmonriverresources.com.

On behalf of the Board of Directors of

SALMON RIVER RESOURCES LTD.

J.G. Stewart, President

Neither 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 release.

Contact Information

Salmon River Resources Ltd.
Jim Stewart
President
+1 (604) 633.4290 (Vancouver)
+1 (604) 662.3231 (FAX)
jstewart@salmonriverresources.com

Salmon River Resources Ltd.
Garry Stein
Director
+852 9858.0029 (Hong Kong)
gstein@salmonriverresources.com
www.salmonriverresources.com