Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

October 30, 2009 18:36 ET

Selkirk Shareholders Approve Merger with Imperial Metals Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2009) - Further to the news releases of Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) dated July 27, September 15, October 6 and October 27, 2009, the special meeting of Selkirk's shareholders was held on Friday, October 30, 2009 to vote in respect of the proposed merger with Imperial Metals Corporation ("Imperial") (TSX:III) by way of Plan of Arrangement (the "Arrangement"). Additional information concerning the Arrangement is provided in Selkirk's information circular dated September 16, 2009, a copy of which is available on SEDAR under Selkirk's profile at www.sedar.com.

At the meeting, a special resolution approving the Arrangement (the "Arrangement Resolution") was passed by an affirmative vote of over two-thirds of the aggregate votes cast by Selkirk shareholders present in person and by proxy at the Meeting. Specifically, 96.31% of the votes cast in respect of the Arrangement Resolution were voted in favour of the Arrangement Resolution, and 3.69% of the votes cast in respect of the Arrangement Resolution were voted against the Arrangement Resolution.

Completion of the Arrangement remains subject to all necessary regulatory and court approvals. The court hearing in respect of the final court order of the British Columbia Supreme Court approving the Arrangement is scheduled to take place at 9:45 a.m. (Vancouver time), on November 2, 2009, or as soon thereafter as counsel for Selkirk may be heard.

About Imperial

Imperial is a mine development and operating company based in Vancouver, British Columbia. Imperial's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.

About Selkirk

Selkirk is a Vancouver based mineral exploration and development company with a large portfolio of exploration properties predominantly in British Columbia. Since it commenced operating in 2005 Selkirk has focused its field operations on the exploration and development of the Ruddock Creek Zinc/lead project and the Catface copper project both of which have a defined resource and development potential.

SELKIRK METALS CORP.

Gordon Keevil, President and CEO

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 or "forward-looking information" within the meaning of Canadian securities laws. 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 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 our public filings at www.sedar.com for further information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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