Selwyn Announces $4 Million Flow-Through Share Financing

Vancouver, BC, January 12, 2012 � Selwyn Resources Ltd. (SWN.TSX-V) is pleased to announce it has entered into an engagement letter to raise through a best efforts brokered private placement to qualified purchasers, up to $4 million from the sale of flow-through common shares (�Flow-Through Shares�) (�the Offering�). The Offering will be carried out by a syndicate of agents (�Agents�) lead by Industrial Alliance Securities Inc. The Agents will receive a cash commission equal to 6% of the gross proceeds from the sale of the Flow-Through Shares. The Offering is scheduled to close on or about January 31, 2012 and is subject to acceptance by the TSX Venture Exchange.

The Offering will consist of up to 16,000,000 Flow-Through Shares at a premium price of $0.25 per share. The Flow-Through Shares sold will be subject to a 4 month hold period.

Proceeds of the Offering will be used by the Company to incur exploration expenditures on the Company�s ScoZinc properties in the province of Nova Scotia and/or the Selwyn Project in the Yukon Territory.

Selwyn�s primary focus remains the exploration and development of the properties that make up the Selwyn Project in the Yukon, by the joint venture comprised of Selwyn and Chihong Canada Mining Ltd. The Selwyn Project hosts large tonnages of zinc-lead mineralization which have the potential for large-scale production, and could provide a secure supply of zinc and lead to meet the future needs of these markets in Asia and beyond. The ScoZinc Mine owned by Selwyn�s wholly owned subsidiary, ScoZinc Limited, provides Selwyn with a second opportunity for growth and production revenues in the near term.