Selwyn Chihong Agreement with Naha Dehe Dene

08:58 EST Wednesday, Apr 18, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2012) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") announces that Selwyn Chihong Mining Ltd. ("Selwyn Chihong"), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project, have entered into a resource funding agreement with Naha Dehé Dene Band (Nahanni Butte) to undertake negotiations of a community agreement in respect of Selwyn Project activities within its traditional territory in the Northwest Territories.

"Selwyn Chihong is encouraged by the willingness of the Nahanni Buttte community to work with us in establishing a framework for our relationship," says Justin Himmelright, VP of Environment and Community Affairs for Selwyn Chihong. "The Howard's Pass Access Road crosses through the traditional territory of Nahanni Butte and is our preferred route for concentrate shipment and mine supply. The parties seek to negotiate an agreement that will be beneficial for both groups."

"The Naha Dehé Dene Band is looking forward to building a strong, productive and mutually beneficial working relationship with Selwyn Chihong", said Chief Fred Tesou, "We believe this is an important first step in this process and in establishing an agreement that ensures the community of Nahanni Butte benefits from the Selwyn Project."