Selkirk Metals Corp fka SLK

[Ubertino]

Selkirk Metals Corp.: E Zone Hole RD-148 Intersects 24.8m of 6.8% Combined Zinc + Lead, Ruddock Creek Property, B.C.

Wednesday February 7, 9:00 am ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to release the final drill results from the summer drilling program on the Ruddock Creek Property, which is located 100 km north of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia (the "Property").

The final set of assay results have been received from drill hole RD-06-148, in the E Zone. This hole is located in the central portion of the E Zone. The intervals from this hole are shown in the following table.




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FROM TO INTERVAL (i) (i)
HOLE NUMBER (m) (m) (m) ZINC% LEAD%
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RD-06-148 214.46 239.26 24.8 5.77 1.03
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incl 214.46 218.07 3.61 16.12 3.28
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and 222.07 224.0 1.93 3.58 0.77
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and 229.54 239.26 9.72 7.97 1.24
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(i) For reference each 1% of grade equals 10 kilos of metal per metric
tonne of ore. The current zinc price is $3.20US/kilo, and lead is
$1.50US/kilo.


Drill hole RD-06-148, was one of the E Zone holes designed to increase the density of intercepts within the shallow portion of the Ruddock Creek Sulphide Horizon. These holes were drilled to demonstrate the continuity of the sulphide horizon from surface down dip to the northwest. In the area of hole RD-148 the sulphide horizon is continuous for over 400m down dip. The E Zone is one of twelve massive sulphide showings at surface that define the 5.5 kilometer long southern edge of the known sulphide horizon.

RD-06-148 was one of 28 holes drilled in the near surface portion of the E Zone, only 3 of which failed to intersect significant base metal mineralization. The three holes which did not encounter base metal sulphides were all drilled along the periphery of the horizon and serve to partially define the eastern and northern edges, which otherwise remain open.

A drill program consisting of three (3) holes, OL-06-01 to 03, was carried out in Oliver Creek to test the airborne magnetic and ground UTEM survey anomalies generated by the 2005 work program. OL-06-01 encountered a pyrrhotite bearing horizon, which is similar to the pyrrhotite bearing Lower Suphide Horizon that underlies the E Zone. The magnetic anomaly, which was intersected in holes OL-06-02 and 03, has been interpreted to be a metavolcanic sequence with no significant base metal content. Exploration in Oliver Creek in 2007 will now focus on the overlying Q, T and V zones that are interpreted to be the western extension of the Ruddock Creek Sulphide Horizon.

The following table contains a selection of results from previous exploration on these zones:




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ZONE HOLE INTERVAL ZINC % LEAD %
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Q Zone Q-5 14.5m 10.5 1.17
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R zone R-1 8.6m 14.7 2.9
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U Zone U-2 10.4m 15.4 1.9
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Exploration on the Ruddock Creek Property is being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo. All samples were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 7AR methodology.

Selkirk holds a 70% interest in the Ruddock Creek Property under the terms of a joint venture agreement with Doublestar Resources Ltd. (TSX VENTURE:DSR - News) holding the balance.

On Behalf of the Board of Directors:

Gordon Keevil, President

Please see our public filings at http://www.sedar.com for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

Contact:
Gordon Keevil
Selkirk Metals Corp.
President
[phone]
[phone] (FAX)
Website: http://www.selkirkmetals.com