Selwyn Resources Announces Teleconference on CDN$100 Million Yunnan Chihong Investment

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/18/10 -- Selwyn Resources Ltd. (TSX VENTURE: SWN) ('Selwyn,' or 'the Company') will host a teleconference tomorrow, August 19, to make a brief presentation and for discussion on the recently-closed CDN$100 million joint venture investment by Yunnan Chihong Zinc & Germanium Co. Ltd. The Selwyn Project programs for the balance of 2010 and 2011 will also be discussed. There will be a question and answer period following the presentation.

Details to access the teleconference are as follows:

-------------------------------------------------------------------------
Date:                         Thursday, August 19, 2010

Time:                         08:00 AM Pacific Daylight Time; 11:00 AM
                              Eastern Daylight Time

Dial-in Numbers:              604-681-0262 (Vancouver)
                              403-532-8075 (Calgary or International)
                              780-429-7423 (Edmonton)
                              647-837-0597 (Toronto)
                              613-683-0932 (Ottawa)
                              514-788-7663 (Montreal)

Toll-free Dial-in Number:     1-877-353-9586 from Canada and USA

Participant Pass Code:        15060#
-------------------------------------------------------------------------

Please dial in 10 minutes prior to the start of the call. There will be a question and answer period following the presentation.

The teleconference will also be archived and available on the Selwyn Resources Ltd. website: www.selwynresources.com.

Selwyn's focus is the exploration and development of its Selwyn Project in eastern Yukon and Northwest Territories. 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.

This news release may contain forward-looking statements concerning the development of the Selwyn Project and the Chihong Transaction. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. All dollars in this release are in Canadian funds.

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).

Contacts:

Selwyn Resources Ltd.

Dr. Harlan Meade, President and CEO

(604) 801-7240, Ext. 7241 or Toll-free: 1-888-989-9188

International toll-free: 1-800-7581-2133

(604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com