Selkirk Metals Corp.: U Zone Update, Ruddock Creek Property, B.C.

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to release the final results from the 2007 exploration of the U Zone. The U Zone
is located 2,100 metres west of the deepest drilling of the E-Zone,
approximately halfway along the 5.5 km long Ruddock Creek Sulphide Horizon
(RCSH). The RCSH is a near continuous zone of zinc-lead bearing massive to semi
massive sulphide mineralization which has been traced through numerous surface
exposures, and is illustrated on the Overview Figure on the Company's website,
www.selkirkmetals.com.


Over the course of the 2007 program in the U Zone area, eight diamond drill
holes were completed along with surface mapping, sampling and prospecting. As a
result of this work two new surface showings were located which significantly
expand the size potential of this portion of the RCSH. The U Zone West showing
is located 500m to the west of the previously known U Zone surface exposures.
This showing is along on trend with the U and the V showings and further
indicates the continuity of this massive sulphide horizon. Sampling of this
showing returned 14.76% Zn and 2.63% Pb over a 7.5 m chip sample across the
mineralization.


The semi to massive sulphide mineralization that was sampled consists of medium
to coarse grained sphalerite and galena with accessory pyrrhotite and pyrite.
This mineralization appears to be on the same stratigraphic horizon as the V
Zone mineralization which is located an additional 500 metres to the west. Most
of the terrain between the U and V Zones is covered by talus but the entire
1,000 metres of the RCSH between the U and V Zones, including the area of
channel sampling, can be easily tested by diamond drilling during the next
surface exploration program.


A total of 8 holes were drilled, 7 from a single setup and the final hole of the
season from a second setup. Multiple lenses of mineralization were encountered
in five of the eight holes completed. Based on the intercepts observed in these
holes, the mineralization appears to be dipping to the north which would be
consistent with the other showings along the RCSH. The significant results
received from the U Zone drilling in 2007 are tabulated below. Previous drill
programs have shown the mineralized horizons at Ruddock Creek to be continuous
laterally and where defined down dip with variable thickness of sulphides
encountered in individual holes.




---------------------------------------------------------
               FROM       TO     INTERVAL     ZINC   LEAD
HOLE NUMBER      (m)      (m)          (m)       %      %
---------------------------------------------------------
U Zone:
---------------------------------------------------------
---------------------------------------------------------
RD-07-U1      86.95   101.06        14.11     7.59   1.34
Including     86.95    90.20         3.25    23.78   3.85
---------------------------------------------------------
RD-07-U2       47.5    54.76         7.26      1.7   0.07
---------------------------------------------------------
              62.75    69.13         6.38     2.23   0.14
---------------------------------------------------------
              105.5    114.5          9.0     3.13   0.47
---------------------------------------------------------
              127.3    135.0         7.70    21.48    2.5
---------------------------------------------------------
              144.0    149.0          5.0     4.96   0.82
---------------------------------------------------------
RD-07-U4       47.1     47.7          0.6    21.35   0.62
---------------------------------------------------------
              57.63    62.13          4.5     4.62   0.52
---------------------------------------------------------
              72.22     75.6         3.38     1.87   0.11
---------------------------------------------------------
RD-07-U5     109.18   114.46         5.28      4.8   0.67
---------------------------------------------------------
              136.3   137.11         0.81     6.54    1.1
---------------------------------------------------------
RD-07-U7      33.14    38.41         5.27     3.43   0.41
---------------------------------------------------------
               99.4   120.54        21.14     5.27   0.74
---------------------------------------------------------
Including      99.4    107.4          8.0    11.50   1.51
---------------------------------------------------------



As mentioned in previous news releases, multiple mineralized horizons have been
encountered at both the U Zone and in the northern portion of the Creek Zone. In
addition the two targets are at approximately the same stratigraphic level which
indicates the possibility of them being continuous beneath the untested 1.2 km
that separates these zones. This will be confirmed by ongoing diamond drilling
as exploration of the Ruddock Creek Property continues in 2008. The results from
the 2007 exploration program have confirmed excellent grades of zinc and lead
over several kilometers along the RCSH. This has increased the potential to
discover not one but several zones similar in nature to the E-Zone, which is now
the focus of the Company's underground exploration and development program.


With the commencement of this underground development and drilling program, the
Ruddock Creek Project is now a year round operation. As this program is designed
to obtain the information necessary to complete a scoping and feasibility study
it is expected to continue into mining operations as the Project develops.
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. Acme Analytical Laboratories Ltd. was engaged to carry
out the analytical work on all samples. The analytical procedure utilized was
the Group 7AR 23 multi-element assay by ICP-AES methods. The Ruddock Creek
Property is located 100 km north-northwest of Revelstoke in the Kamloops and
Revelstoke Mining Divisions, British Columbia.


On Behalf of the Board of Directors of Selkirk Metals Corp.:

Gordon Keevil, President

For further information on Selkirk Metals Corp. please visit its 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 management of Selkirk 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 the public filings of Selkirk at www.sedar.com
for further information.