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Message: Announces Closing of $250,000 Non-Brokered Flow-Through Financing

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Announces Closing of $250,000 Non-Brokered Flow-Through Financing

posted on May 14, 09 12:22PM

May 14, 2009

Selwyn Announces Closing of $250,000 Non-Brokered Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") announces the closing of the $250,000 Flow-through share tranche of the previously-announced Unit and Flow-through financing (see May 8, 2009 News Release). A total of 2,500,000 Flow-through shares were issued at a price of $0.10 each, all of which will be subject to a hold period expiring September 15, 2009. Total finder's fees of $3,000.00 were paid on closing.

The proceeds of the financing will be used for general exploration activities on the Selwyn Project located in the eastern Yukon. The Selwyn Project represents one of the largest undeveloped resources of zinc and lead in the World and is unique in its location in the politically-attractive and stable jurisdiction of the Yukon. It is therefore both a unique opportunity and a strategic asset providing a long term secure supply of zinc and lead to the Pacific Margin.

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