Selwyn Resources Ltd.

Selwyn Resources Ltd.

November 10, 2010 09:55 ET

Selwyn Resources Announces Changes to Its Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") is pleased to announce that Robert Rusko has been appointed to the Board of Directors of Selwyn. Wade Nesmith, Selwyn's Chairman, said, "I am pleased to welcome Bob to the Selwyn Board and look forward to working with him. I have had the pleasure of working with Bob in the past and am confident that his more than 25 years of advisory and accounting experience at KPMG will be a valuable addition to an already strong Board."

Mr. Rusko is a retired KPMG partner. He joined KPMG in 1974 and was admitted to the partnership in 1983. Mr. Rusko has acted on behalf of both the federal and provincial governments and the private sector in various acquisition and divestiture situations. Mr. Rusko is a member of the Canadian Institute of Chartered Accountants.

Selwyn also announces the departure of Robert McKnight who has resigned as a Director of Selwyn. Mr. McKnight has also stepped down as Vice President of Corporate Development to pursue other opportunities. Mr. Nesmith added, "I want to take this opportunity to thank Bob McKnight for his long and valuable service to Selwyn and I am very pleased that he has agreed to continue with the Company in a consulting capacity as we continue to develop the Selwyn Project. I wish him all the best in his future endeavours."

Selwyn's focus is the exploration and development of the Selwyn Project in eastern Yukon and Northwest Territories with its joint venture partner Yunnan Chihong Zinc and Germanium Co., Ltd. The Selwyn Project represents one of the largest undeveloped resources of zinc and lead in the world and is unique in its location in the politically-attractive and stable jurisdiction of the Yukon. It is therefore both a unique opportunity and a strategic asset providing a long term secure supply of zinc and lead to the Pacific Margin.

This news release contains forward-looking statements concerning the development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

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.

Contact Information

  • Selwyn Resources Ltd.
    Dr. Harlan Meade
    President and CEO
    (604) 801-7240 or Toll-free: 1-888-989-9188
    Selwyn Resources Ltd.
    Catalin Chiloflischi
    Manager of Investor Communications
    (604) 801-7240 or Toll-free: 1-888-989-9188
    (604) 689-8355 (FAX)