Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

October 24, 2005 09:00 ET

Selkirk Metals Corp.: 15.60% Combined Zinc-Lead Over 5 Metres in Discovery Drill Hole from LJ Property B.C.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2005) - Selkirk Metals Corp. (TSX VENTURE:SLK) (the "Company" or "Selkirk") is pleased to announce the results from the discovery drill hole on the LJ Property, located 35 kilometres north of Revelstoke, British Columbia.

Drill hole LJ-05-02 intersected 10.70% Zinc, 4.90% Lead and 9.40 g/t Ag over 5 metres from 132.8 metres to 137.8 metres within 15 metres of 6.81% zinc, 2.69% lead and 3.93 g/t Ag from 122.8 metres to 137.8 metres (estimated true width of 11 metres).

This new discovery of high grade massive sulphide minerlization is the result of 5 years of exploration following the discovery of similar grade massive sulphide boulders in a creek draining a small remnant glacier. The Company was certain that the source of the massive sulphide boulders had to be under this glacier, which has been confirmed by the discovery drill hole. Exploration work is being conducted under the supervision of the Company's Qualified Person and Vice President, Exploration Jim Miller-Tait, P.Geo. All drill core samples have been sent to and were analyzed by ACME Analytical Laboratories Ltd. of Vancouver and the results from drill holes LJ-05-01 and 03 will be released as they are received.

On Behalf of the Board of Directors:

Gordon Keevil, President

Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy", "expects", "plans", "believes", "will", "estimates", "intends", "projects", "goals", "targets", and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.

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