Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to report the second set of assay results from the ongoing diamond drilling
program from underground at the Ruddock Creek Property, located 100 km
north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions,
British Columbia.


All of the drill holes reported to date have successfully intersected the target
E-Zone massive sulphides. The best intersection in drill holes EUG 08-7 to EUG
08-11 reported here is 12.71% Zinc and 2.87% Lead over a width of 4.63 meters.
The character of the E-Zone continues to consist of a stratigraphic section up
to 30 to 40 meters thick including intervals of high grade massive sulphide up
to 15 meters thick intermixed with pegmatite and calc silicates. The attitudes
of the mineralized intervals are variable so the true thickness will be
calculated as more drill intersections pierce the entire mineralized section.


The following table summarizes the results received from drill holes 8 to 11
from the underground diamond drilling program:




---------------------------------------------------------------
                FROM         TO    INTERVAL      ZINC      LEAD
HOLE NUMBER       (m)        (m)         (m)        %         %
---------------------------------------------------------------
EUG-08-07     129.57     134.20        4.63     12.71      2.87
and            139.4     142.02        2.62      6.77      2.31
---------------------------------------------------------------

---------------------------------------------------------------
EUG-08-08      34.04      40.13        6.09      3.80      0.69
including      35.39      38.53        3.14      4.53      0.95
---------------------------------------------------------------

---------------------------------------------------------------
EUG-08-9       61.44      71.15        9.71      4.65      1.66
including      66.33      69.83        3.50     10.69      1.93
---------------------------------------------------------------

---------------------------------------------------------------
EUG-08-10      47.30      51.93        4.63      3.50      0.40
and            70.79      73.96        3.17      4.81      2.08
and            83.00      84.82        1.82      5.14      0.42
and           107.00     108.06        1.06     11.37      2.87
---------------------------------------------------------------

---------------------------------------------------------------
EUG-08-11      90.64      94.18        3.54      7.59      1.61
---------------------------------------------------------------



All reported drill holes were completed from drill stations in the vicinity of
or along the 900 meter incline, which was developed to a length of 170 meters
east of the main decline and includes four drill stations. In addition to the
definition drilling from the incline to the east, drilling has also been
completed down dip to the west of the decline with results pending. "We are
pleased that the drilling to date continues to confirm the down dip extension of
the E-Zone mineralization both in character and grade," stated Gordon Keevil,
President.


The underground diamond drilling program is continuing with the focus on
completing the drill holes necessary to finalize the resource calculation of the
E-Zone from surface to the point where it has been intersected by the decline, a
length of approximately 1.2 kilometers. 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.
Acme Analytical Laboratories Ltd. was engaged to carry out the analytical work
on all samples. The analytical procedure utilized was the Group 7AR 23
multi-element assay by ICP-AES methods.


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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