Selkirk Metals Corp.: 0.54% Copper and 2.6g/t Silver Over 106.5 Meters from Drill Hole CF-08-49; Catface Project, British Columb

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to report the assay results from CF-08-49, the fourth 2008 drill hole collared
on the Catface Porphyry Copper Project, Vancouver Island, British Columbia. The
following table summarizes the results of not only drill hole CF-08-49 but also
drill holes CF-08-46 to 48 the results of which were released earlier this year,
but are tabulated here to emphasize the consistent nature of mineralization on
the Project:




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             FROM      TO  INTERVAL
HOLE No.       (m)     (m)       (m)  Cu (%)  Ag (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-08-49     4.87  348.00    343.13    0.37       2.3
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Including   88.50  195.00    106.50    0.54       2.6
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All of the holes announced to date including hole CF-08-49 were drilled in the
Cliff Zone of the Catface Copper Porphyry Project and were located to infill
previous drilling towards further delineation of the Catface Deposit. Drill hole
CF-08-49 was drilled off of the same pad and most northerly as CF-08-48 but at a
steeper dip of -60 degrees. This pad is located 96 metres northwest of drill
holes CF-08-46 and 47. The assay results received to date have clearly confirmed
the copper grades from previous exploration and have further indicated excellent
silver values with associated molybdenum and gold credits over the entire length
of the drill holes to date.


The 2008 Catface diamond drilling program, which commenced in early July, was
completed during 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 add to and confirm the historic
information on the Cliff Zone Deposit and to provide fresh samples of the copper
porphyry mineralization that can be used for economic, metallurgical and
environmental testing. All logging and sampling of the 2008 drill core is now
complete with all samples now delivered to the assays lab, additional results
and information will be released as it is received and reviewed by the Company.
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 all analyses a detailed QA/QC review will be employed by Company Geologists.
Additional assaying including Total Soluble Copper and Rhenium analyses will
also be conducted upon receipt of all assay data.


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.


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.