Selkirk Metals Corp.: Ruddock Creek Underground Programs Reaching First Milestone

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to provide this update of operations on the Ruddock Creek Property, located 100
km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining
Divisions, British Columbia.


In October of 2007, Selkirk commenced the underground exploration program, the
most important operation to date on the Ruddock Creek Property. This program
includes a one kilometer long decline, lateral development and approximately
10,000 meters of underground diamond drilling. It is all designed to enable
detailed drilling of approximately 50% of the E-Zone that has not been defined
by surface drilling. Due to the depth of this portion of the E-Zone from
surface, the detailed drilling necessary to complete resource calculations,
engineering and development could only be completed through the underground
program. No further surface drilling of the E-Zone is required as the upper
portion has been drilled at the required spacing.


Since the year end break, the underground development program has continued
uninterrupted and is at a length of approximately 620 meters. Other than one
area of difficult ground conditions, the progress has been excellent since
January and there has been no lost time due to weather or operational
difficulties. The decline is now nearing the first milestone of 650 meters where
the initial phase of underground diamond drilling will commence. Drilling is now
expected to be underway in early June. The drilling from this location will test
the up dip component of the E-Zone from the deepest defined point to date. The
decline will continue to be developed to a length of approximately 900 meters
where the lateral development will be completed to the east to establish
drilling stations proximal to the deposit, at which time a second drill will be
added. The two drills should be able to complete the 10,000 meters program by
early fall.


Approximately 24,000 meters of surface diamond drilling by Selkirk over the past
3 years has defined the E-Zone continuously for 1.2 kilometers down the plunge
from where the Zone is exposed at surface. Based on this length and the average
dip and thickness of the zone as defined to date, the indicated size of the zone
is sufficient to contain a tonnage of the target mineralization that would
justify development. Selkirk is therefore progressing with related engineering
and environmental studies, regional and local consultation and initiating the
permitting process. Once the diamond drilling has been completed, the results
will be compiled to determine the final resource contained within the target
area and this will, in turn, be used for mine planning and the completion of a
scoping study as soon as possible thereafter.


"We have been working diligently since we first became involved in the Ruddock
Creek Property and are about to make the next major step to realizing
production. The commencement of underground drilling and the intersection of the
E-Zone at depth will clearly define the potential of this important Property to
Selkirk and its shareholders. We are very pleased with the underground program
over the past four months and look forward to a successful conclusion of the
program and the completion of the scoping study," stated Gordon Keevil,
President. Operations on the Ruddock Creek Property are being conducted under
the supervision of the Company's Qualified Persons (as defined by NI 43-101),
Jim Miller-Tait, P.Geo., Vice President of Exploration and Tom Colbourne,
P.Eng., Vice President of Mining.


COMPANY UPDATE

The Company has entered into a Client Services Agreement (the "Agreement") with
RAP Capital Corp. (the "Consultant") of Suite 800-1199 West Hastings Street,
Vancouver, British Columbia, Canada, V6E 3T5, executed April 23, 2008.


Pursuant to the Client Services Agreement, the Consultant will assist in
formulating plans and budgets for the enhancement of the Company's image and the
distribution of information concerning the Company to existing shareholders,
brokerage firms, and registered representatives, institutional investors, fund
managers, securities analysts, potential investors who have contacted the
Company seeking such information, the media and others as appropriate, among
other services for a period of three months beginning on April 23, 2008. The
Agreement shall automatically renew on a month to month basis, subject to early
termination in accordance with the termination provisions of the Agreement. As
partial consideration for the services to be provided by the Consultant, the
Company has agreed to pay the Consultant a fee of $1,500 per month plus GST, out
of the Company's working capital.


The Consultant has advised that it holds, directly 11,000 common shares of the
Company.


On Behalf of the Board of Directors:

Gordon Keevil, President

For further information on Selkirk Metals Corp. please visit our website at
www.selkirkmetals.com.


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.