Selkirk Metals Corp.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Selkirk Metals Corp. is a mineral exploration and development company focused on the acquisition and if warranted the development of base metal assets in Canada. With a large and diverse portfolio of properties ranging from early to advance stage exploration and development, the Company is strategically positioned to take advantage of the current highs in the base metal markets.

PROJECT IN HAND

(1) Ruddock Creek Property, British Columbia

Selkirk Metals has since its inception in 2005 focused operations on its flag ship Ruddock Creek Property, which is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke mining divisions, British Columbia. On July 23, 2007, Selkirk completed acquisition of Joint Venture Partner Doublestar Resources, and this acquisition consolidated 100% ownership of the Ruddock Creek Property under Selkirk.

The Ruddock Creek Property contains Sedex-Type stratabound zinc-lead mineralization. Ruddock Creek is an advanced stage exploration project that has defined a horizon of zinc/lead bearing massive sulphides in 12 known zones over a minimum distance of 5.5 km. The most important of these is the E-Zone, which is now the focus of the Company's underground and development program, is located at the eastern end of the 5.5 km long Ruddock Creek Sulphide Horizon. The E-Zone is a continuous body of zinc-lead-rich massive sulphide mineralization. Detailed drilling has defined the E-Zone along a length of over 1 km and a width of over 400 metres. It is thought that the E-Zone could potentially contain up to 10 million tonnes zinc-lead mineralization, with an average grade of 10% combined zinc and lead.

The 2007 program at Ruddock Creek includes a minimum of 10,000 metres of surface diamond drilling focused on the E-Zone, the Creek Zone, and the Q, R, V and U showings in the Oliver Creek area. A 1,000 metre decline and 800 metres of crosscut underground development is now underway. This development will undercut the currently defined E-Zone and provide access for at least 10,000 metres of underground drilling which is needed to accurately calculate the NI 43-101 compliant resource of this Zone. The decline is now over 350 metres in length. Diamond drilling from underground will commence as soon as the decline has reached a depth of approximately 800 metres.

The 12 known zones of mineralization found at Ruddock Creek all have proven zinc, lead and silver mineralization. There is an excellent potential to rapidly build additional resources should any one of these 12 target zones prove similar in nature to the E-Zone.

Surface drilling of the U Zone in 2007 encountered the same massive sulphide mineralization as is typical throughout the property. The U Zone is located 2,100 metres west of the deepest drilling of the E-Zone, approximately halfway along the 5.5 km long Ruddock Creek Sulphide Horizon. Results were typical of Hole RD-07-U2 which intersected 21.48% zinc and 2.5% lead over 7.6 metres; Hole RD-07-U7 intersected 11.50% zinc, 1.51% lead over 8.0 metres. The results from the 2007 exploration program have confirmed excellent grades of zinc and lead over several kilometres along the Ruddock Creek Sulphide Horizon. This has increased the potential to discover not one but several zones similar in nature to the E-Zone. In February 2008, the Company announced the discovery of additional showings near the U Zone. This new discovery adds significantly to the potential of the Property as it clearly indicates a new horizon of zinc-lead rich massive sulphides similar to the overlying U Zone.

The final results from the 2007 drilling of the E-Zone have been received; they will be compiled with the historic database and utilized to calculate an update Resource for the E-Zone. Selkirk is now working at Ruddock Creek on a year round basis as the underground development has allowed for their work to continue regardless of what weather conditions are at surface. A permanent 50-man camp has been installed at the portal site and there is an all season roadway now linking the camp to the main highway and access corridors. Work will commence on the engineering and design criteria necessary to complete a scoping and ultimately a feasibility study towards development of the deposit. Bulk sampling is planned for Summer 2008 and a production decision should be in place by the end of the year.

(2) LJ Property, Southern British Columbia

Selkirk Metals Corp. acquired by staking 100% interest in the LJ Property, located 35 km north-northeast of Revelstoke, British Columbia to cover the indicated source of a field of numerous massive sulphide boulders where previous assays averaged 13.50% zinc and 12.29% lead. In May of 2006, Selkirk entered into an Option Agreement with Consolidated Venturex Holdings Ltd. on the LJ Property. Under the terms of the Agreement, to earn a 49% interest, Consolidated Venturex is required to spend an aggregate $2.5 million on exploration of the LJ Property before December 31, 2008.

Geological mapping and prospecting on the LJ Property in 2006 discovered two new zones of stratiform zinc-lead-silver mineralization similar in style and texture to that found in a Sedex Type sulphide system. On September 18, 2006, Consolidated Venturex announced that Hole LJ-06-03 had successfully intersected 6.7 m of heavily mineralized interbedded sphalerite, galena and pyrite mineralization.

(3) Kneb Property, British Columbia

The Kneb Property is located 70 km north-northwest of Revelstoke, British Columbia and approximately 30 km south of the Company's Ruddock Creek Property. It forms part of the Company's group of properties in the Revelstoke Region.

The Kneb Property was staked by Cross Lake Minerals Ltd. in 2003 to cover the area which is projected to host the source of a series of massive sulphide boulders discovered at the toe of a glacier by Cominco Ltd. in 1998. Samples reported from these boulders averaged 6.9% zinc, 6.8% lead and 109 g/t silver.

During staking by Cross Lake in 2003, a large 1.0 metre angular boulder, containing semi-massive sphalerite and galena was sampled and assayed 13.61% zinc, 15.96% lead and 251.8 g/t silver. Selkirk plans to follow up on drilling completed in 2006 to further test for the potential source of these boulders.

(4) Wasi Creek Property, British Columbia

The Wasi Creek Property is located on the south side of the Osilinka River some 150 km northwest of Mackenzie, British Columbia. Mineralization on the Wasi Creek Property was discovered and evaluated by Cominco Ltd. in the early 1990's. An initial trench discovered sphalerite, pyrite and galena mineralization that assayed 5.10% zinc, 0.89% lead and 18.0 g/t silver across a sample width of 10 metres. In 2006 further trenching of the Carrie Zone and the Par Horizon successfully extended the area of known mineralization.

Bard Ventures Ltd. is funding exploration on the Property under the terms of an option agreement to earn a 50% interest in the Property with Selkirk being the Operator of the program.

MANAGEMENT

Selkirk Metals Corp. has a strong management team with over 200 years combined experience in the exploration and development of mineral properties.

Officers & Directors

Gordon Keevil, B.Sc. (Hon.), P.Geo. (Alta.), President, Director
Mr. Keevil graduated from Queen's University with a Bachelor of Science (Hon.) in Geology and is a designated Professional Geologist in the Province of Alberta. He brings to the Company over 25 years of technical and corporate experience related to the management and operation of resource companies. Mr. Keevil has focused his professional efforts towards junior listed companied involved in mineral exploration and development.

Jim Miller-Tait, B.Sc., P.Geo., Vice President, Exploration
Vice President of Exploration of Cross Lake since November 1998; Project Geologist of Cross Lake since January 1998 to November 1998; President, Sikanni Mine Development Ltd. since January 1997.

G. Thomas Colbourne, P.Eng., Vice President, Mining
Mr. Colbourne is a Mining Engineer with 25 years experience in operations and management of gold, base metal and oil sands mines in western Canada. Mr. Colbourne is a graduate of the University of Alaska and a Professional Engineer in the provinces of British Columbia, Alberta, and Saskatchewan.

Theodore Muraro, B.Sc., P.Geo., Director
Mr. Muraro has over 40 years of experience in the mineral exploration industry. Between 1956 and 1990, Mr. Muraro worked at Cominco Ltd. in various positions including Chief Geologist and internal Consulting Geologist to the Exploration Division. Mr. Muraro has exploration experience in North America, Europe, Africa and Asia and in the last 10 years has worked as a geological consultant. He holds a Bachelor of Applied Science Degree in Geological Engineering from the University of British Columbia and a Masters Degree in Geological Engineering from Queen's University and completed post-graduate studies at Stanford University.

J. Brian Kynoch, B.A.Sc., P.Eng., Director
Interim President of Cross Lake from January 2002 to December 2003; Chief Operating Officer of Cross Lake from October 1999 to January 2002 and Director since April 1996; Senior Vice President and Chief Operating Officer, Imperial Metals Corporation, since February 1995, Director since May 1996 and appointed President in January 2003; Colony Pacific Explorations Ltd., Director from March 1996 to April 2001.

Emmet McGrath, C.A., Director
Chartered Accountant and holds a Bachelor of Commerce degree; Partner of KPMG for Greater Vancouver from 1981 to 2002.

Alan Savage, Director
Mr. Savage is a mining industry executive with 30 years experience in the operation of companies in the mineral exploration and development field. He has a results-driven record, as demonstrated by his key involvement in the building of Imperial Metals Corp., where he served as President until 1986, and recently through Doublestar. Mr. Savage is also a Director of Canadian Zinc Corp. and Copper Ridge Exploration Ltd., and was Chairman of Doublestar Resources Ltd. recently acquired by Selkirk.

NEWS UPDATE

On April 9, 2008, Selkirk Metals Corp. announced that through its 97.4% owned subsidiary, Catface Copper Mines Ltd., has entered into a memorandum of understanding with the Ahousaht First Nation concerning the Catface porphyry copper project in British Columbia. This agreement represents an important event for the Company as it now allows for further exploration of this important undeveloped copper deposit. This project adds another advanced-stage strategic asset to the active development portfolio of the Company and provides exposure to another important commodity. Selkirk is now in the final process of preparing of an initial diamond drilling program that will commence as soon as possible.

On March 12, 2008, Selkirk Metals Corp. provided the summary of the results from the 2007 E-Zone drilling on the Ruddock Creek Property in British Columbia. The 2007 drill program was designed to infill some areas of wide spaced drilling and define the northern and southern edges of the eastern E-Zone.

Highlights of the 2007 E-Zone drill results:

· Hole RD-07-173 returned 1.25% zinc and 0.22% lead over 3.52 metres;
· Hole RD-07-174 returned 7.52% zinc and 1.57% lead over 5.35 metres;
· Hole RD-07-175 returned 2.70% zinc and 0.55% lead over 3.52 metres;
· Hole RD-07-183 returned 2.50% zinc and 0.37% lead over 15.65 metres;
· Hole RD-07-184 returned 5.73% zinc and 0.91% lead over 14.28 metres, including 15.96% zinc and 3.67% lead over 1.6 metres;
· Hole RD-07-185 returned 4.25% zinc and 0.22% lead over 10.08 metres, including 9.6% zinc and 0.20% lead over 1.55 metres.

The final results from the 2007 drilling of the E-Zone will be compiled with the historic database and utilized to calculate an update Resource for the E-Zone.


On March 3, 2008, Selkirk Metals Corp. provided update of operations on the Ruddock Creek Property in British Columbia. Since the New Year, underground operations have been excellent with the decline now over 350 metres in length. Once the decline reaches the Deep E-Zone mineralization, at a length of approximately 800 metres, samples will be collected for bulk metallurgical testing. Management and staff are very pleased with the ongoing developments at the Ruddock Creek Project and remain committed to the completion of the initial scoping study late in 2008.

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