Selkirk Metals Corp.: Underground Channel Sample Results, Ruddock Creek Project, B.C.

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to announce that it has received analytical results from the underground decline
sampling completed earlier this year. The Ruddock Creek Property is located 100
km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining
Divisions, British Columbia.


The E-Zone massive sulphide mineralization consisting of sphalerite, galena,
pyrite and pyrrhotite was intersected by the decline from 956m to 978m from the
portal with the E-Zone dipping to the North at an angle steeper than the -15%
decline. The decline crossed only 22 meters into the E-Zone mineralization. The
weighted average of the channel samples collected at 2.0m spacing at right
angles to the mineralized horizon including waste pegmatite and calc-silicate
averaged:


9.83% zinc, 2.00% lead over a width of 4.8m (height of the decline)

The mineralization is still evident in the back and floor of the decline. The
individual channel samples assayed up to 15.64% zinc, 3.04% lead and 6.0g/t
silver over a width of 2.8 meters. Surface and recent underground diamond
drilling have confirmed the geological model and interpretation that shows that
the decline just entered the footwall of the E-Zone and was well short of
intersecting the entire width of the Zone. The E-Zone consists of a
stratigraphic section up to 30 to 40 meters thick, which includes intervals of
high grade massive sulphide up to 15 meters thick intermixed with pegmatite and
calc silicates. The decline was targeted to intersect the E-Zone immediately
adjacent to surface drill holes RD-05-113 and 152. The target massive sulphide
interval; in RD-05-113 and RD-06-152 as tabulated below, are near the top or
hanging wall of the E-Zone. To intersect these thick massive sulphide sections
the decline would have to have continued for another 60 meters. 




---------------------------------------------------
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               FROM      TO  INTERVAL   ZINC   LEAD
HOLE NUMBER      (m)     (m)       (m)     %      %
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E-Zone
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RD-05-113     708.5  722.55     14.05  15.79   3.33
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RD-06-152    648.84  671.40     22.56  11.70   2.27
---------------------------------------------------
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The intersection of the E-Zone by the decline met one of the major goals of the
underground development program. It has allowed for the collection of a bulk
sample for ongoing metallurgy, engineering and detailed geological mapping of
the Zone for the first time. The results of the recently completed underground
diamond drilling will provide the additional information necessary to complete
the interpretation, compilation and resource calculations that were the goal of
the underground program. 


Operations on the Ruddock Creek Property are being conducted under the
supervision of 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.