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NEWS RELEASE
SELKIRK METALS CORP.
Suite 800 -1199 West Hastings Street, Vancouver, B.C. V6E 3T5
Tel: (604) 687-2038 / Fax: (604) 687-3141
TSX Venture Exchange: SLK
First Ever Underground Drill Hole Intersects E-Zone Massive Sulphides at Ruddock Creek
July 21, 2008 - Selkirk Metals Corp. (?Selkirk? or the ?Company?) is pleased to provide this update
of operations on the Ruddock Creek Property, located 100 km north-northwest of Revelstoke in the
Kamloops and Revelstoke Mining Divisions, British Columbia.
On July 12th, the underground drilling contractors completed the first underground drill hole ever
drilled at Ruddock successfully intersecting the deep E Zone exactly as predicted by the Company?s
technical staff. The first drill hole was designed to parallel the final stage of the decline in the east
wall to where the ramp was projected to intersect the mineralization, which is now only 110 metres
from the current location. The hole, which was drilled from the 650m station of the ramp, intersected
the target sulphide mineralization identical to the E Zone consisting of sphalerite, galena and iron
sulphides. The mineralization occurs as sections of disseminated, semi and massive sulphide over a
width of 67.0m from a down hole depth of 325.0 to 392.0 metres. The most significant base metal
mineralization over a width of 10m from 382.0 to 392.0m was in the hanging wall side, which
matches the offsetting surface drill holes completed in previous years.
Over the past two months, the underground development has exceeded our scheduled projections and
the ground conditions remain excellent. The decline is now at a depth of 890m with a cross cut
planned parallel to the mineralization at a depth of 900m. The majority of the underground drilling
will occur from this crosscut which will be parallel to the ore and 100m in the footwall. The
underground mining contractors will drive the crosscut at the same time as continuing to drive the
decline through the E Zone mineralization, which is projected to be intersected at 1,000m where it will
cross through the Zone in the area of previously drilled surface holes tabulated below:
HOLE NUMBER
FROM
(m)
TO
(m)
INTERVAL
(m)
ZINC
%
LEAD
%
E-Zone
RD-05-113 708.5 722.55 14.05 15.79 3.33
RD-06-152 648.84 671.40 22.56 11.70 2.27
?The progress at Ruddock Creek over the past two months has been exceptional in the rapid
advancement of the underground development and the first ever intersection of the deep E Zone
mineralization from underground exactly as projected in location and metal distribution. I would like
to thank all staff, consultants, contractors and Procon Mining & Tunnelling Ltd. for the excellent work
completed during this period,? stated Gordon Keevil, President.
Selkirk Metals Corp.
News Release ? July 21, 2008
Page 2 of 2
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF CONTENT OF THIS PRESS RELEASE
Operations on the Ruddock Creek Property are being conducted under the supervision of the
Company?s Qualified Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of
Exploration.
On Behalf of the Board of Directors:
(signed) ?Gordon Keevil?
Gordon Keevil, President
For further information on Selkirk Metals Corp. please visit our website at www.selkirkmetals.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration and development activities and events or developments that the Company expects, are
forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploration and development successes, continued availability of capital and
financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further
information.