Company Information for Selkirk Metals Corp

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Company Statement

Selkirk Metals Corporation is a mineral exploration and development company focused on the acquisition, and if warranted, subsequent development of base metal properties in Canada. With a large and diverse portfolio of properties ranging from early to advance stage exploration and development the company is strategically positioned to take advantage of the current highs in the base metal markets.

Current Operations

Ruddock Creek Project
The Ruddock Creek Property contains "Sedex-Type" stratabound zinc-lead mineralization hosted by calc-silicate rocks, which have been intruded by pegmatite dykes and sills. The main mineralized zone, which has been the historical focus of exploration on the property is named the E-Zone and contains massive sulphide thicknesses of up to 46 metres. The massive sulphide horizon, which has been traced by drilling and surface mapping, dips to the north and strikes to the west. The zinc and lead mineralization is dominantly sphalerite and galena with accessory sulphide minerals of pyrite and pyrrhotite.

LJ Project
The LJ Property is located 35 km north-northeast of Revelstoke in the Selkirk Mountains and was acquired following a review of prospective areas in British Columbia for stratabound massive sulphide deposits. It was assigned to Selkirk in June 2005 as a result of a Plan of Arrangement from Cross Lake Minerals Ltd. During the period from 2001 to 2004, successive geological sampling and mapping programs and a UTEM-3 geophysical survey over the glacier and snow field which delineated a conductive horizon that presented an attractive drill target.

Catface Copper Property
A large, porphyry hosted copper-molybdenum drill-indicated resource with a low strip ratio has been outlined within the Cliff Zone (estimated to be 158 million tonnes grading 0.44% copper using a 0.30% copper cutoff SRK, 1990).

This resource estimate is historical and was not completed under National Instrument 43-101 guidelines; however, the estimates were made using accepted and proven engineering practices and are believed to be reliable and relevant to any evaluation of the Property.

Kneb Project
Previous exploration of the Property by Cominco Ltd. in 1998 resulted in the discovery of massive sulphide boulders of sphalerite, galena, and chalcopyrite at the toe of a glacier. The averages of seven samples of the massive sulphide boulders taken by Cominco is 6.9% Zinc, 6.8% Lead and 109.5 g/t Silver. Following this discovery a ground UTEM electromagnetic and magnetometer survey was then completed over two grid areas that were projected to be over the source of the massive sulphide boulders. A strong electromagnetic conductor and coincident magnetic anomaly 800 metres long and "open" to the east was identified by the survey. The conductor is estimated to be at a depth of 100 metres and dipping north at --15 degrees. This conductor is conformable to the host stratigraphy, coincident with the extension of a mineralized stratabound sulphide bearing horizon defined by previous exploration and is interpreted to reflect the source of the high-grade massive sulphide boulders.

Ghost 
The planned exploration program on the Company's Ghost Property consists of geological mapping, prospecting, sampling and location of possible drill sites for a second phase of exploration.

Robb Lake Property
The property consists of 12 mineral claims totaling approximately 3,671 hectares and is reported to have a drill inferred resource of 7.1 million tonnes at 4.7% zinc and 1.5% lead. However, this estimate should not be relied upon because it was estimated prior to the implementation of N.I. 43-101.

Ingenika and Wasi Projects
Drilling by the company in the Swannell Showing area intersected several base metal horizons including 5.82% zinc, 3.17% lead, 28.2g/t silver over 3.0 metres and 14.5% zinc, 4.3% lead and 37.7g/t silver over 1.7 metres and 5.83% zinc, 1.29% lead, 15.3g/t silver over 9.6 metres.

Exploration consisting of Mobile Metal Ion soil and 3-D Inversion I.P. surveys were completed in 2004 but drilling of several anomalies intersected conductive sediments instead of base metal mineralization. Additional exploration is recommended to expand on known mineralization as well as drilling of untested anomalies.

Sheraton Timmins Project
The initial recommendations are for a two-phase exploration program. The program calls for surface work including geochemistry and geophysics over the targets defined by airborne electromagnetic and follow up MMI geochemical surveys. Diamond drilling is planned to test selected targets and continue to expand and further define the Cross Lake Zone.

Selkirk has granted Kakanda Development Corp.an option to earn a 50% undivided interest in the Property in consideration of 1,000,000 treasury shares and $1,750,000 of work expenditures.

Wasi Creek Property
The Wasi Creek Property is located on the south side of the Osilinka River some 150 kilometres northwest of Mackenzie, B.C., covers areas of historic trenching and diamond drilling of zinc, lead and silver mineralization in the Cambrian Atan Group dolomite and limestone.

Geographical Spread

Canada, specifically British Columbia and Ontario.

Board of Directors and Key Management

Major Shareholders

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