Selkirk Metals Corp.: Fandora Gold Project-Update

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to provide this review of the Fandora Gold Property which was acquired in the
summer of 2007 as a result of the acquisition of Doublestar Resources Ltd.
("Doublestar"). The 100% owned Fandora Gold Property is located 20 km northeast
of Tofino, BC (the "Property"). While the Company is completing a thorough
review of its property portfolio to reflect current market conditions and
commodity prices, the Ruddock Creek zinc-lead-silver and Catface copper porphyry
projects remain the Company's highest priority projects.


The Fandora claims are located 5 km from tidewater in an area of active logging
with forestry road access. The Property covers 2061.4 ha and consists of five
crown granted mineral claims (79.4 ha) and six cell claims (94 cells / 1982.0
ha). The claims were originally staked and extensively worked in the 1940's by
Privateer Mine Limited with 3,169 ft (966 m) of underground development
completed on four levels (1500, 1700, 1900 and 2100 foot levels) and minor
underground development, 420 ft (128 m), on the three lower levels, 1010, 1265
and 1400. The following table summarizes the weighted averages of channel
samples completed at 5 foot intervals along the drifts of the 1700, 1900 and
2100 foot levels (Campbell 1950).




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          Length      Width       Grade      Length      Width       Grade
Level        (ft)       (ft)    (oz/ton)         (m)        (m)       (g/t)
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2100       448.0       4.52       0.327      136.54       1.38       11.21
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Incl.      100.0       5.02       0.366       30.48       1.53       12.55
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And        208.0       4.17       0.481       63.40       1.27       16.49
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1900       748.0       5.47       0.360      227.98       1.67       12.34
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Incl.      130.0       6.40       0.382       39.62       1.95       13.10
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And        140.0       6.06       0.360       42.67       1.85       12.34
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And        161.5       3.91       0.886       49.22       1.19       30.38
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1700       543.0       5.11       0.322      165.50       1.56       11.04
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Incl.       46.5       5.04       1.250       14.17       1.54       42.86
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The historic data is incomplete from the 1500 foot level where production of 972
tonnes of ore containing 45,660 grams of gold and 8,367 grams of silver (Minfile
No 092F 041) occurred from 1960-64. While the historic data is non-43-101
compliant the Company feels that the information is significant in the
evaluation of this project.


The Fandora Property consists of several parallel gold bearing quartz veins
striking east-west and dipping steeply (70 degrees) north. The veins are shear
hosted within Triassic-aged Sicker Group andesite and basalts. The vein system
has been explored, by trenching and drifting along the vein, for a horizontal
distance of 1,000 m and a vertical distance of 300 m with the gold bearing
system being extremely consistent throughout. The vein system is "open" to depth
and along strike. The mineralogy consists of pyrite, sphalerite, galena,
chalcopyrite, and arsenopyrite with fine grained visible gold. The gold grades
increase with the overall sulphide content, and the preliminary metallurgical
work completed in 1999 by Doublestar indicate that the gold is non-refractory
and a gold and silver recovery of approximately 97% is achievable by cyanide
leach.


The Fandora Property has never been explored by modern exploration methods, with
all previous exploration in the past being trenching and drifting on the known
vein system. Selkirk is planning a comprehensive exploration program including
soil geochemical sampling, geological mapping, prospecting, trenching and
diamond drilling in conjunction with an underground evaluation of the workings
in order to further enhance this project.


This news release has been reviewed and approved by the Company's Qualified
Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of
Exploration.


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.