Market Overview

Selwyn Resources Grants Stock Options

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2012) - The Board of Directors of Selwyn Resources Ltd. (TSX VENTURE:SWN) (the "Company") has authorized the issuance of stock options to new independent directors to purchase 2,800,000 common shares. The options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. These options have a five year term expiring on October 4, 2017 and allow the holder to purchase common shares of the Company for $0.10 per share.

FOR FURTHER INFORMATION PLEASE CONTACT:
Selwyn Resources Ltd.
Dr. Harlan Meade
President and CEO
(604) 801-7240 or Toll-free: 1-888-989-9188


Selwyn Resources Ltd.
Eric Kim
Investor Communications
(604) 801-7240 or Toll-free: 1-888-989-9188
(604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com

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