Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

November 30, 2006 13:00 ET

Selkirk Metals Corp. Announces Increase to Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 30, 2006) -

Not for distribution to United States newswire services or for dissemination in the United States

SELKIRK METALS CORP. (TSX VENTURE:SLK) is pleased to announce that it reached an agreement with Sprott Securities Inc. and Pacific International Securities Inc for its agency offering announced earlier today to increase the size of the offering to 8.7 million common shares.

The Company shall use the net proceeds from the sale of the Common Shares for further advancement of the Company's Ruddock Creek Property and general corporate purposes.

This Offering will be made available in all provinces and territories of Canada. Common Shares may also be sold to U.S. purchasers on a private placement basis pursuant to an exemption from the registration requirements pursuant to Rule 144A or Regulation D of the United States Securities Act of 1933, as amended.

The offering is scheduled to close on or about December 19, 2006 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

On Behalf of the Board of Directors:

Gordon Keevil, President

For further information on Selkirk Metals Corp. please visit our website at www.selkirkmetals.com.

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.

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