Salmon River Arranges Debt Settlement

Salmon River Resources Ltd. ("Salmon River" or the "Company") (TSX VENTURE:SAL) is pleased to announce that it has, subject to the approval of the TSX Venture Exchange, agreed 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. This amount was previously to have been settled by the issuance of shares of the Company, but was withdrawn by the Company while the Company addressed comments from the TSX Venture Exchange in respect of the settlement (see news releases dated February 14, 2011 and August 22, 2011).

About Salmon River Resources Limited (TSX VENTURE:SAL)

Salmon River Resources Limited is a mineral exploration company engaged in the exploration for and development of commercial deposits of iron ore in Western Australia. It holds an exclusive option to acquire the Mt. Manning project located in the Yilgarn region of Western Australia, approximately 210 kilometres northwest of Kalgoorlie. Salmon River believes the project has the potential to be a world-class iron ore deposit with early development potential. The shares of Salmon River are listed on the TSX Venture Exchange under the symbol "SAL". For further information see our 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.

Contacts: Salmon River Resources Ltd. Jim Stewart President +1 (604) 633.4290 (Vancouver)jstewart@salmonriverresources.com Salmon River Resources Ltd. Garry Stein Director +852 9858.0029 (Hong Kong)gstein@salmonriverresources.comwww.salmonriverresources.com

Salmon River Resources Ltd. (TSXV:SAL)
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