Dr. Harlan Meade reports

SELWYN RESOURCES ANNOUNCES DATE OF ANNUAL AND SPECIAL MEETING

Selwyn Resources Ltd.'s 2013 annual and special meeting will be held on June 17, 2013. The meeting is in place of the adjourned annual general meeting that was scheduled to be held on April 22, 2013.

Samara Capital Inc., with the support of certain shareholders of the company, has presented a proposal for the future direction of Selwyn after the sale of the Selwyn project that differs from that proposed by the current board of directors. Samara has stated that, if it gained control of the Selwyn board, it would implement a special dividend of the net sale proceeds from the sale of the Selwyn project and would conduct a strategic review of the ScoZinc mine. The strategic review would target either the liquidation of all of Selwyn's assets or the sale of Selwyn as a whole.

The board of directors of Selwyn believes that the company should carry on its business in a prudent, but financially secure manner. The board favours the development of a strategy that will enable shareholders to elect individually whether to participate in the company going forward, or to authorize the company to take steps to return cash to shareholders.

In response to an unequivocal demand by a small group of large shareholders for distribution of substantially all of the Selwyn project sale proceeds, the board of directors of Selwyn determined that the most equitable option for all shareholders and stakeholders would be to proceed with an orderly liquidation of the company, as opposed to the immediate payment of a dividend. Given the demands from such shareholders, Selwyn believes that a liquidation will ensure that all shareholders and stakeholders are treated equally and rateably. At the meeting, shareholders will be asked to consider a special resolution under the Business Corporations Act (British Columbia) to authorize a liquidation of the company.

If Selwyn's present directors are re-elected at the meeting, the board will pursue the strategy chosen by shareholders through the liquidation resolution. If the liquidation resolution is approved, the board will pursue the liquidation. If the liquidation resolution is not approved, the board of directors of Selwyn intends to carry on the company's business and develop the strategy referred to above.

The board of directors of Selwyn is of the view that shareholders should receive comprehensive information on the competing strategic alternatives being proposed for the company: Samara's immediate dividend proposal and the company's orderly liquidation proposal. The date for the meeting was chosen so shareholders would have adequate time and opportunity to consider information relating to the two alternatives.

The company remains open to options that, upon proper and full review, will result in the greatest return to and be in the best interests of all Selwyn shareholders and stakeholders. As such, the company invites a representative from one of Resource Capital Fund IV LP, Pan-Pacific Metal Mining Corp., China Mining Resources Group Ltd. or Transaminvest SA to fill the vacant position on the Selwyn board. Until shareholders have voted at the meeting, the company will not use the net sale proceeds from the transaction to finance any material capital expenditures related to the restart of ScoZinc mine, or to make any corporate acquisitions or strategic investments.

We seek Safe Harbor.