MANAGEMENT/REORGANIZATION – Selwyn Resources Ltd. Sept. 20 provide a general corporate update outlining senior management changes, a brief update on the ScoZinc Project, details pertaining to company’s intention to return a significant portion of the cash proceeds from the sale of its interest in the Selwyn Project joint venture to shareholders, and plans to effect a consolidation of the number of common shares outstanding. Selwyn’s board of directors has appointed Joseph Ringwald as the company’s interim president and CEO and Rob Suttie as the company’s chief financial officer. Ringwald replaces Harlan Meade, who served as president and CEO since March 2004. Suttie replaces David Kwong, who served as chief financial officer since February 2006. Additionally, the employment relationship between all other officers of the company has been concluded. Selwyn thanked Meade, Kwong, and all of its Vancouver employees for their service and assistance during the review process. Ringwald has been a mining and mineral process engineer for more than 25 years with companies such as Placer Dome, Crew Gold and AMEC. He joined Selwyn in January 2011 as vice president of engineering, has intimate knowledge of ScoZinc Project and was responsible for preparing two preliminary economic assessments for the restart of the ScoZinc Mine. Ringwald will continue to be based in Vancouver. Suttie currently works with Marrelli Support Services as its senior manager of financial reporting and compliance, and possesses more than 16 years of experience, including 10 years in public accounting. Suttie specializes in management advisory services, accounting and the financial disclosure needs of the group’s public client base. Suttie is based in Toronto and also serves as chief financial officer for a number of junior mining companies listed on the TSX and TSX Venture. In conjunction with the senior management changes, Selwyn said it will close its Vancouver office upon the expiration of its current lease at the end of October. Going forward, all operating activities will be focused in Nova Scotia, which is expected to result in a substantial reduction in operating expenses. Based on results of an in-depth review of the ScoZinc Project, the outlook for commodity prices, and the current environment for financing mining operations, the Selwyn board said the ScoZinc Project continues to be a valuable asset but in light of the current uncertain environment for metal prices and mine development financing, it does not believe that it is in the best interest of the company to proceed with a restart of the ScoZinc Project at this time. Instead, the project will be placed on care and maintenance to preserve its value until the outlook improves. As a result the company’s current cash position exceeds its reasonable needs, and Selwyn’s board has determined that a return of the excess capital to shareholders is in order.