Dr. Harlan Meade reports

SELWYN RESOURCES ANNOUNCES SATISFACTION OF ADDITIONAL CLOSING CONDITIONS FOR SALE OF SELWYN PROJECT

In connection with the sale of Selwyn Resources Ltd.'s remaining interest in the Selwyn project to Chihong Canada Mining Ltd., the board of directors of Yunnan Chihong Zinc & Germanium Co. Ltd., parent company to Chihong Canada Mining Ltd., has approved the transaction. Chihong Canada has advised the company that the last outstanding Chinese governmental approval is the final formal approval for the remittance of funds out of China from the State Administration of Foreign Exchange of Yunnan province.

Once the SAFE approval has been obtained, all conditions to closing of the transaction, other than delivery of customary closing documentation and payment of the balance of the purchase price, will have been satisfied. The company will announce the proposed closing date for the transaction once it has been notified that the SAFE approval has been obtained.

We seek Safe Harbor.