Selwyn Announces Termination of the Proposed 24 Million Share Offering

#700 – 509 Richards Street Vancouver, British Columbia Canada V6B 2Z6 Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Fax: (604) 689-8355 Trading Symbol: SWN.TSX-V [email protected] News Release – 2011-40 www.selwynresources.com

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News Release

Selwyn Announces Termination of the Proposed 24 Million Share Offering

Vancouver, August 22, 2011 – Selwyn Resources Ltd. (SWN.TSX-V) (“Selwyn”): As disclosed in Selwyn’s final short form prospectus dated July 8, 2011, Selwyn entered into an arrangement with Suntura Capital of Zurich, Switzerland (“Suntura”) to sell up to 24 million common shares of Selwyn outside of Canada and the United States on a best efforts basis. Such shares were to be sold at the greater of (i) the five day volume weighted average trading price for the Selwyn common shares on the TSX Venture Exchange before the second trading day before Selwyn received the receipt for its final short form prospectus, and (ii) $0.25 per share. Due to market conditions, Selwyn and Suntura have terminated their arrangement, and none of the 24 million common shares were sold.

ABOUT SELWYN RESOURCES LTD.

Selwyn’s main focus remains the exploration and development of the Selwyn Project in the Yukon, by the joint venture comprised of Selwyn and Chihong Canada Mining Ltd. The Selwyn Project has the potential for large-scale production and to provide a secure supply of zinc and lead to meet the future needs of these markets in Asia and beyond. The revitalization of the ScoZinc Mine will provide Selwyn with a second opportunity for growth and provide additional cash flow for advancing the Selwyn Project.

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For more information contact:

Dr. Harlan Meade, President and CEO Catalin Chiloflischi, Manager of Investor Communications Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Facsimile: (604) 689-8355 [email protected] www.selwynresources.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.