Mining Explorers 2009: Selwyn Resources Ltd.

SWN: TSX-V

President and CEO: Harlan D. Meade

Chairman: Wade Nesmith

Vice President, Exploration: Jason Dunning

Incorporated in 2004 in British Columbia, Selwyn Resources Ltd. is the successor to Pacifica Resources Ltd., which underwent a reorganization of its assets in June 2007.

Pacifica's acquisition of the Howard's Pass Joint Venture lands in eastern Yukon Territory in April 2005 consolidated ownership in the Howard's Pass District and formation of the Selwyn Project.

Unprecedented exploration success in Selwyn's 2005 and 2006 programs produced a world-class giant zinc-lead deposit of exceptional potential.

In the reorganization, all of Pacifica's assets outside the Selwyn District were transferred to another entity, Savant Explorations Ltd., in exchange for common shares of Savant and established Selwyn Resources Ltd. as a single-purpose company focused on the development of the Selwyn Project as a world-class zinc-lead project.

During the first half of 2009, Selwyn raised C$4 million and continued to advance its strategic partner initiative, focusing on direct investment in the Selwyn Project.

Selwyn now has three major institutional shareholders: Resource Capital Funds IV LP based in Denver (19.4 percent), China Mining Resources Group Ltd. based in Hong Kong (13.5 percent), and Pan-Pacific, a subsidiary of a major zinc smelting company in Korea (14.9 percent).

The Selwyn Project, which hosts large tonnages of zinc-lead mineralization, has the potential for large-scale production.

The junior reported an NI 43-101-compliant estimate for the XY Central deposit at Selwyn in February of 16.06 million metric tons averaging 10.25 percent zinc and 4.23 percent lead, and 26.7 million metric tons averaging 8.81 percent and 2.81 percent in indicated and inferred resources, respectively.

The company also said there is potential for the high-grade mineralization on the property to be laterally extensive over a large portion of the property.

This mineralization has been intercepted in drilling over 24 kilometers, or 16 miles, within the deposit.

Selwyn said this expansion opportunity and long mine-life potential, in combination with the ability to produce high-quality zinc and lead concentrates, gives the project a unique position as a potential long-term secure supply of zinc and lead.

The junior undertook 2009 geotechnical drilling in vicinity of the XY Central high-grade underground deposit to provide rock structure data pertinent to the design for an advanced exploration decline that would provide access for drilling the known mineralization, as well as exploration targets deep in the core of the synclinal structure hosting the XY area deposits.

Selwyn reported assay results in September from two holes drilled during this work.

XYC-181 intersected 5.73 meters true thickness at a shallow depth grading 14.20 percent zinc and 3.74 percent lead, including 1.72 meters grading 28.66 percent zinc and 7.54 percent lead.

Though the geotechnical drill holes were not designed to intersect the zinc-lead bearing deposit on the property, drill hole XYC-181 intersected a fault-bounded 5.73 meters true thickness of the deposit about 70 meters southeast of the northwest edge of the company's 2009 mineral resource estimate block model.

The location of this fault zone along the lower contact of the deposit suggests that it is possible this drill hole did not fully test the mineral potential in this area because there was mineralization broken-up within the entire fault zone, the company said.

The intercept in XYC-181 is significant because it means the NI 43-101-compliant underground high-grade mineral resource at the XY Central deposit remains open for expansion in a northwesterly direction toward the newly discovered underground high-grade at the XY West deposit, which has an NI 43-101-compliant inferred mineral resource of 1.91 million metric tons grading 7.70 percent zinc and 2.45 percent lead, Selwyn said.

The mineralization in XYC-181 is consistent with results from two previous drill holes, XYC-142 and XYC-145; both located about 140 meters to the southeast from XYC-181.

These two drill holes intersected similar widths and grade of well-mineralized zinc-lead active member.

XYC-142 intersected 14.25 meters true thickness of active member grading 10.03 percent zinc and 2.75 percent lead including 1.79 meters grading 44.90 percent zinc and 10.42 percent lead.

XYC-145 intersected 11.96 meters true thickness of active member grading 8.76 percent zinc and 2.64 percent lead, including 3.58 meters grading 20.84 percent zinc and 6.06 percent lead.

Additional drilling in the vicinity is in progress, Selwyn added.

Cash and short-term deposits:

C$4.07 million (at June 30, 2009)

Working capital:

C$3.83 million (at June 30, 2009)

Market capitalization: C$27.762 million

#700 - 509 Richards St.

Vancouver, BC

Canada V6B 2Z6

Tel: 604-801-7240

Fax: 604-683-8355