Defining the World's New Zinc Supply

Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company. The Company's core project is the World class Selwyn Project, located in eastern Yukon. Since 2005, Selwyn has spent more than $60 million advancing the project to pre-feasibility stage. These expenditures have clearly defined Selwyn Project as one of the largest undeveloped zinc and lead deposits in the World.

Selwyn completed its search for a strategic partner in December 2009 and invited Yunnan Chihong Zinc and Germanium Co. to join with it in the development of the Selwyn Project, as the world’s next major zinc-lead mine. Selwyn and Yunnan Chihong will each own a 50% interest in a new private partnership company, to which Yunnan Chihong has advanced CAD$100M to fund ongoing projects.

Selwyn Project Highlights

• The partial delineation of 13 zones of mineralization over a strike length of at least 38 kilometres defines a major mineral deposit that is open to significant expansion as drilling continues.
  
  
• New Mineral Resource with 154,350,000 tonnes grading 5.35% zinc and 1.86% lead of Indicated resources, and 234,150,000 tonnes grading 4.54% zinc and 1.41% lead of Inferred resources.
  
  
• New Mineral Resources includes high grade underground mineralization with 16,063,800 tonnes grading 10.25% zinc and 4.23% lead of Indicated resources, and 26,704,000 tonnes grading 8.81% zinc and 2.81% Inferred resources.
  
  

In addition to the Indicated and Inferred resources there is also 245 to 255 million tonnes of mineral potential with an estimated grade of 4.0 to 5.0% zinc, and 1.0 to 2.0% lead. The quantity and grade of the mineral potential is conceptual in nature and it is uncertain whether additional drilling will result in this potential being realized as a mineral resource.

The Selwyn Project is being advanced to bankable feasibility. The initial development plan proposes to develop two large underground mines feeding a central concentrator. Other elements of the project are likely to include its own hydroelectric facility and concentrate pipeline for transporting concentrate. Several stages of expansion are anticipated as the project evolves and additional zones are developed as either open pit or underground mines.

Other Exploration

In July 2009, Selwyn announced an agreement with Savant Explorations Ltd. to acquire up to 55% joint venture interest in the Vinata Project in Chihuahua State in northern Mexico. The Vinata project provides Selwyn an excellent opportunity to participate in the exploration of an attractive silver-zinc-lead target in the prolific Central Mineral Belt in Mexico. Selwyn also owns an approximate 23% interest in Savant.

Savant was formed by Selwyn in May 31, 2007, in a reorganization of Selwyn wherein it transferred its non-core mineral deposits in Canada, United States and Chile to Savant and dividended the shares received for the properties to shareholders. Subsequently, Savant expanded its exploration efforts and identified the Vinata property for acquisition and undertook initial exploration to define several attractive drill targets on the property.