Selkirk Metals Corp.: 0.23% Copper Over 328 Meters from Drill Hole CF-08-51, Catface Project, British Columbia

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to report the assay results from diamond drill holes CF-08-50 through CF-08-53,
the last of the drill holes from the 2008 field program on the Catface Porphyry
Copper Project, Vancouver Island, British Columbia. The following table
summarizes the results of drill holes CF-08-50 and CF-08-51. The table also
includes the results for holes CF-08-46 to 49, which were previously released
and serves to emphasize the consistent nature of the Cliff Zone mineralization:




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               FROM      TO  INTERVAL    Cu     Ag
HOLE No.         (m)     (m)       (m)   (%)  (g/t)
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CF-08-46       3.05  355.70    352.65  0.37   2.67
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Including    278.00  355.70     77.70  0.59   4.63
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CF-08-47       3.05  285.29    282.24  0.32   2.49
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Including     55.00   86.50     31.50  0.59   3.64
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CF-08-48       3.05  398.37    395.32  0.45    3.6
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Including     51.50  334.50    283.00  0.52    4.3
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Including    186.50  279.50     93.00  0.67    6.2
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CF-08-50       4.57   35.66     31.09  0.16   0.99
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Abandoned at
35.66m
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CF-08-51       7.62  504.44    496.82  0.19   1.10
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Including     33.00   361.0    328.00  0.23   1.41
--------------------------------------------------

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Drill holes CF-08-46 to 51 were all drilled to further delineate and expand the
Cliff Zone, one of four porphyry copper zones defined within the Catface Copper
Porphyry Project. Drill hole CF-08-50 was abandoned due to drilling problems at
35.66m and hole CF-08-51 was collared at the same location but had to be drilled
at a steeper angle. This drill site is located 100 metres southeast of the
collar of drill holes CF-08-46 and 47. Holes CF-08-50 and CF-08-51 were located
to better define and extend the southeastern boundary of the Cliff Zone and to
further evaluate higher grade mineralization at depth. Due to the steep angle of
drill hole CF-08-51, it remained peripheral to the higher grade core of the
Cliff Zone.


The 2008 Catface diamond drilling program, which commenced in early July, was
finished in the first week of September. In total, 8 holes were completed
totaling approximately 2,400 meters. Six holes tested the Cliff Zone and two
holes tested the Hecate Bay Zone. The goal of this phase of exploration on the
Catface Copper Porphyry Deposit is to confirm and add to the historic
information on the Cliff Zone Deposit and to provide fresh samples of the
Catface copper porphyry mineralization that can be used for economic,
metallurgical and environmental testing. The assay results received to date
continue to confirm the copper grades from previous exploration and have
expanded the higher grade bornite bearing core zone.


Holes CF-08-52 (abandoned at 55.47m) and CF-08-53 (373.99m) targeted the Hecate
Bay Zone from a single drill site. The Hecate Bay Zone, which has not been
evaluated by diamond drilling is defined by a large Induced Polarization and
magnetic anomaly with associated copper mineralization at surface. The 2008
Hecate Bay drill holes encountered only weakly anomalous copper, molybdenum and
silver in the host volcanics, which overlie Hecate Bay Zone. Selkirk intends to
undertake further geological studies including mapping and sampling to select
the optimum location to properly evaluate by drilling this important target.


ACME Analytical Laboratories Ltd. was engaged to carry out the analytical work
on all samples. The analytical procedure utilized was the Group 1DX-MS 36
multi-element assay by ICP methods. Company standards, blanks and duplicates
were employed within the 2008 Catface Diamond Drilling program and upon receipt
of the final results a detailed QA/QC review will be completed by Company
Geologists. Additional assaying including Total Soluble Copper and rhenium
analyses will also be conducted.


The Catface Copper Porphyry Property is owned 100% by Catface Copper Mines
Limited, which is owned 97.4% by Doublestar Resources Ltd., a wholly owned
subsidiary of Selkirk. The Property is located on Catface Mountain, on the West
Coast of central Vancouver Island, BC. Exploration work is conducted under the
supervision of the Company's Qualified Person, Paul D. Gray, P.Geo., who has
reviewed and approved this news release.


Corporate Update

Effective December 1, 2008, Mr. Ed Yurkowski resigned as a director of the
Company. Selkirk would like to take this opportunity to express its appreciation
for his contributions to the Board and the Company.


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.