Selkirk Metals Corp.

TSX VENTURE : SLK


Selkirk Metals Corp.

October 14, 2008 07:00 ET

Selkirk Metals Corp.: 0.32% Copper Over 282 Meters from Drill Hole CF-08-47, Catface Project, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2008) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to report the assay results from CF-08-47, the second 2008 drill hole collared on the Catface Porphyry Copper Project, Vancouver Island, British Columbia. The following table summarizes the results of not only drill hole CF-08-47 but also drill hole CF-08-46 the results of which were released on September 18, 2008:



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FROM TO INTERVAL Cu Ag
HOLE No. (m) (m) (m) (%) (g/t)
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CF-08-46 3.05 355.70 352.65 0.37 2.67
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Including 278.00 355.70 77.70 0.59 4.63
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CF-08-47 3.05 285.29 282.24 0.32 2.49
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Including 55.00 86.50 31.50 0.59 3.64
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Both CF-08-46 and CF-08-47 were drilled in the Cliff Zone of the Catface Porphyry Project and were located to infill previous drilling towards further delineation of the Catface Deposit. The assay results received to date have clearly confirmed the copper grades from previous exploration and have further indicated excellent silver values with associated molybdenum and gold credits over the entire length of the CF-08-46 and CF-08-47 drill holes.

The 2008 Catface diamond drilling program, which commenced in early July, was completed during the first week of September. In total, 8 holes were completed totaling approximately 2,400 meters. Six holes tested the Cliff Zone and two holes tested the Hecate Bay Zone. The goal of this phase of exploration on the Catface Copper Porphyry Deposit is to add to and confirm the historic information on the Cliff Zone Deposit and to provide fresh samples of the copper porphyry mineralization that can be used for economic, metallurgical and environmental testing. All logging and sampling of the 2008 drill core is now complete with all samples now delivered to the assays lab, additional results and information will be released as it is received and reviewed by the Company. Acme Analytical Laboratories Ltd. was engaged to carry out the analytical work on all samples. The analytical procedure utilized was the Group 1DX-MS 36 multi-element assay by ICP methods. Company standards, blanks and duplicates were employed within the 2008 Catface Diamond Drilling program and upon receipt of all analyses a detailed QA/QC review will be employed by Company Geologists. Additional assaying including Total Soluble Copper and Rhenium analyses will also be conducted upon receipt of all assay data.

The Catface Copper Porphyry Property is owned 100% by Catface Copper Mines Limited, which is owned 97.4% by Doublestar Resources Ltd., a wholly owned subsidiary of Selkirk. The Property is located on Catface Mountain, on the West Coast of central Vancouver Island, BC. Exploration work is conducted under the supervision of the Company's Qualified Person, Paul D. Gray, P.Geo. who has reviewed and approved this news release.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

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