Selwyn Resources Confirms Management Structure and Focus

VANCOUVER, BRITISH COLUMBIA, Jul 22 (MARKET WIRE) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn" or the "Company") is
pleased to inform shareholders that Dr. Meade, Mr. McKnight and Mr.
Dunning are not continuing as senior management with Yukon Zinc
Corporation following the sale of that company to Jinduicheng Molybdenum
Group, Ltd. and Northwest Nonferrous International Investment Company,
Limited. These senior managers will now devote all of their time to the
management of Selwyn excepting that Dr. Meade will continue to assist
Yukon Zinc in a limited capacity to assist in transition matters.

Previously these senior managers were Yukon Zinc employees who provided
management services to Selwyn. Dr. Harlan Meade will continue as
President and CEO, Mr. Robert McKnight as VP Corporate Development and
Mr. Jason Dunning as VP Exploration. Mr. David Kwong and Mr. Justin
Himmelright shall continue in their current positions as Chief Financial
Officer and VP Environment and Community Affairs respectively, completing
Selwyn's management team. In the coming months Selwyn intends to secure a
development team to advance its Selwyn Project to feasibility study and
production.

Although zinc prices are currently depressed, the prospects for a
long-term shortfall in zinc supply commencing in 2010 continue to
strengthen. In expectation of this shortfall, Selwyn management is
considering various options for advancing development and production of
the Selwyn Project. These options are, in part, focused on initial mining
of the substantial tonnages of high grade mineralization identified in
the 2006 and 2007 drill programs (see January 29, 2008 news release).
Recent issuance of the Land Use Permit for refurbishing the former access
road is a very important step in this process (see June 19, 2008 news
release).

At present, definition drilling is continuing with one diamond drill and
extensive environmental studies are continuing. Discussions with various
potential strategic partners continue; however, with depressed zinc
prices progress is slower than anticipated.

Selwyn's focus is the exploration and development of the Selwyn Project
in the Yukon as Canada's next major zinc-lead mine. The known deposits
have large resources of zinc and lead with the potential for large scale
production and the provision of a strategic supply of metals needed to
feed industrial growth in the Pacific Region for decades to come.

This press release may contain forward-looking statements concerning the
mineralization at and other matters pertaining to the Selwyn Project.
These forward-looking statements are based on assumptions and judgments
of management regarding future events or results that may prove to be
inaccurate as a result of future events, exploration and other risk
factors beyond Selwyn's control. Accordingly, actual results may differ
materially from the expected results. Additional drilling is required to
confirm the potential of the resources at the Selwyn Project There is no
assurance that additional resources will be defined or that the resources
being defined can be developed as an economically attractive mine, and
there are many uncertainties associated with permitting and other factors
that could delay such development.

The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy of this news
release.

Contacts:
Selwyn Resources Ltd.
Dr. Harlan Meade, President and CEO
(604) 682-5474 or Toll Free: 1-877-682-5474
International Toll Free: 1-800-8682-5474

Selwyn Resources Ltd.
Jasmin TamDoo, Manager of Investor Communications
(604) 682-5474 or Toll Free: 1-877-682-5474
International Toll Free: 1-800-8682-5474
(604) 682-5404 (FAX)
Email: info@selwynresources.com
Website: www.selwynresources.com

Copyright 2008, Market Wire, All rights reserved.

-0-