Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to report the assay results for diamond drill holes EUG-08-24 to 32 from the
2008 Ruddock Creek underground exploration and development program. These drill
holes were all located at the eastern up dip portion of the E-Zone that was
drilled from underground in 2008. The results are summarized in the following
table:




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                 From      To   Interval      Zn      Pb       Ag
Drill Hole #       (m)     (m)        (m)      %       %      g/t
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EUG-08-024      88.18   89.88       1.70    6.96    1.54     2.25
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EUG-08-025      73.70   77.45       3.75    5.10    0.97     3.20
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EUG-08-026      92.52   96.85       4.33    9.39    1.49     3.39
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EUG-08-027      58.41   60.05       1.64    8.65    1.37     4.29
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                82.21   86.88       4.67    9.94    1.85     2.19
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               102.72  110.82       8.10   10.58    1.64     1.91
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               116.83  130.95      14.12    9.39    1.34     2.36
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EUG-08-028      85.25   90.78       5.53    3.09    0.46     0.79
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EUG-08-029    Abandoned
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EUG-08-030      99.64  106.69       7.05    6.24    1.05     1.07
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EUG-08-031     112.00  122.67      10.67    2.97    0.55     1.34
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               131.82  140.18       8.36    7.29    1.43     3.07
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               160.34  160.67       0.33   15.68    3.48    18.00
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EUG-08-032     107.74  108.07       0.33   13.13    2.57     8.00
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These are the final drill results from the underground drill program completed
during 2008. This drilling was designed to provide additional close spaced drill
intercepts of the western extension of the E Zone portion of the Ruddock Creek
Sulphide Horizon. All of the 2008 drilling was completed from drill stations
located along the northerly trending decline, or on the easterly trending
crosscut developed at the 900m point of the decline. The decline, completed in
September 2008 reached a length of 982 meters, successfully intersected the
target E-Zone as predicted by the geological modeling based on surface diamond
drilling. The crosscut was developed to a length of 170 meters east of the main
decline and includes four drill stations. The underground diamond drilling
program has completed the required number of drill holes necessary to finalize
the resource calculation for the portion of the E-Zone from surface outcrop to
the point where it has been intersected by the decline, a length of
approximately 1.2 kilometers. Previous surface drill programs on the near
surface, eastern portion, of the E Zone have shown it to be up to 450m in dip
extent from the northern to southernmost intercepts. In the area of the
underground drilling the longest defined dip length of the horizon is 300m,
however this remains open in both directions.


The Ruddock Creek Sulphide Horizon consists dominantly of calc-silicate rocks,
pegmatites and lesser biotite schist. Lenses of massive sulphide, composed of
sphalerite, pyrrhotite and galena in order of abundance are hosted by the
calc-silicate portions of the package. The Ruddock Creek Sulphide Horizon varies
from less than 5m to over 50m in true thickness. Multiple individual massive
sulphide lenses are present within the horizon, ranging from less than 1m to
greater than 5m in true thickness, separated by variable thicknesses of non
mineralized pegmatite, calc-silicate or biotite schist. Locally these stacked
lenses of massive sulphide and host rock, attain true thicknesses of over 30m of
ore grade material.


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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