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Salazar Resources Limited press release

Mandalay Resources Corporation reports resumption of production from the Fabiola mine at its Cerro Bayo operations

TSXV - TSX Venture Exchange · Copper · Gold · Silver · Zinc · Canada

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TORONTO, July 22, 2013/CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) announces that ore production has resumed in the Fabiola mine at its Cerro Bayo operations in Aysen, Chile. Capital development at the bottom of the ramp in Fabiola remains suspended pending completion of investigations into the recent fatality.

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australiaand producing and exploration projects in Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australiaand the Americas to generate near-term cash flow and shareholder value.

SOURCE: Mandalay Resources Corporation

Bradford Mills Chief Executive Officer

Greg DiTomaso Investor Relations

Contact: 647.260.1566

Copyright CNW Group 2013

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