Dr. Harlan Meade reports

SELWYN RESOURCES ANNOUNCES RESULTS OF SPECIAL MEETING

At a special meeting held today, Selwyn Resources Ltd.'s shareholders approved by special resolution the previously announced sale of its remaining 50-per-cent interest in the Selwyn project to its joint venture partner, Chihong Canada Mining Ltd.

Dr. Harlan Meade, president, chief executive officer and a director of the company, stated: "We are very pleased that our shareholders approved this transaction. At the meeting, a number of shareholders expressed support for the recently announced position of Samara Capital Inc. regarding the payment of a dividend. The company will be updating the market on its views of the dividend and the timetable for the meeting to consider the annual meeting matters."