Selwyn Resources Ltd.

Selwyn Resources Ltd.

August 14, 2009 18:30 ET

Selwyn Resources Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2009) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") reports that it has granted additional stock options to Directors, officers and employees to purchase up to a total of 4,680,000 common shares, bringing total options outstanding to 20,682,466 or approximately 8.6% of the current issued capital. The options were granted under Selwyn's rolling stock option plan that provides for issuance of up to 10% of issued capital at any time. Under the Plan, the options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. The options have a five year term and allow the holder to purchase one common share of the Company for $0.15 per share until August 14, 2014.

Selwyn is focused on the development of the Selwyn Project in the Yukon as a major new zinc-lead mine. The Selwyn Project is advancing towards feasibility and development as a large scale mine providing a secure supply of zinc and lead to meet the future needs in Asia and beyond. Additionally, Selwyn is earning an interest in the Vinata Project located in Mexico, which provides another growth opportunity for Selwyn shareholders.

This news release may contain forward-looking statements concerning the development of the Selwyn Project and of the Vinata 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 exploration results and other risk factors that are 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 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.
    Jasmin TamDoo
    Manager of Investor Communications
    (604) 801-7240 or Toll Free: 1-888-989-9188
    (604) 689-8355 (FAX)