Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to confirm that it has selected Golder Associates Ltd. ("Golder") to work with
the technical staff of the Company to complete a "Preliminary Assessment" of
developing the Ruddock Creek Project. The Ruddock Creek Property is located 100
km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining
Divisions, British Columbia. It is within 30 kilometers of the North Thompson
River corridor which is one the two transportation and utility corridors
connecting British Columbia with Alberta. As such, there is excellent access to
power, transportation and infrastructure, all critical to mining operations.


Since July 2007, Selkirk has completed a program of surface drilling and
exploration and underground development and diamond drilling having spent in
excess of $20 million. In addition, as exploration has continued environmental
monitoring and sampling has been ongoing to provide the information necessary
for the Environmental Assessment process. The underground development and
diamond drilling program has recently been completed. To date, the underground
and surface diamond drilling of the E-Zone has been completed from surface to
the point where the underground decline intersected the Zone, a length down the
plunge of the deposit of over 1 kilometer. The character and nature of the
E-Zone has been confirmed along this length. The dip length of the Zone is
generally between 300 and 400 meters and the massive sulphides are up to 20
metres thick. This section of the E-Zone will be the subject of the resource
calculation and proposed development under the Preliminary Assessment.


Golder has completed the initial field examination and review, including
detailed geotechnical studies of the underground workings, and will be working
with the Company's geological and engineering staff towards completing the
Study. As the results from the ongoing underground diamond drilling program will
only be made available over the next several months, it is expected that the
report will be completed by the second quarter of 2009. "We are very pleased to
have selected Golder to complete the first technical study of the Ruddock Creek
Project. They are experienced with projects that include underground operations
and massive sulphide processing. We look forward to working with them to
complete the Report as quickly as possible," stated Gordon Keevil, President.
Operations on the Ruddock Creek Property are being conducted under the
supervision of the Company's Qualified Person (as defined by NI 43-101), Jim
Miller-Tait, P.Geo., Vice President of Exploration.


On Behalf of the Board of Directors:

Gordon Keevil, President

This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration and development activities and events or developments
that the Company expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploration and development successes, continued availability of capital
and financing, and general economic, market or business conditions. Please see
our public filings at www.sedar.com for further information.


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