Selwyn Expands Management Team as Selwyn Project Advances

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2011) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn) is pleased to announce that it has expanded its management team with the addition of Joe Ringwald as Vice President Mining.

Mr. Ringwald, as Vice President Mining, is responsible for all aspects of engineering and mining for Selwyn with a near term key role in overseeing the Feasibility Study being prepared by Wardrop Engineering for the Selwyn Project. He will provide services to Selwyn Chihong Mining Ltd., the joint venture company formed by Selwyn and Chihong Canada Ltd. to advance the Selwyn Project (see August 18, 2010 news release). Mr. Ringwald is a graduate of the University of British Columbia with a degree in mining engineering. He has broad experience in engineering, mine development and operations formerly with Placer Dome, AMEC and Brett Resources. He has a strong interest in sustainability and corporate responsibility in mining. 

Dr. Harlan Meade, Selwyn's President and CEO states" that the addition of a VP Mining is a first step in growing Selwyn's management team, advancing the Selwyn Project and achieving its corporate goals. I welcome Joe to the team".

Selwyn's focus is the exploration and development of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for large scale production, and a secure supply of zinc and lead to meet the future needs of the zinc and lead markets in Asia. 

This press release contains forward-looking statements concerning the advancement of the Selwyn Project. These forward- looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of market conditions, engineering assumptions, and other risk factors beyond Selwyn's control. As a result, there is no assurance that Selwyn Project will be advanced to production or that timelines for development will be achieved.