Selkirk Metals Corp.: Notice of Deadline for Tendering Shares

Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) is pleased to announce that,
further to its news releases dated July 27 and September 15, 2009 relating to
the proposed merger with Imperial Metals Corporation ("Imperial") (TSX:III) by
way of plan of arrangement (the "Arrangement"), the Supreme Court of British
Columbia granted an interim order on September 29, 2009 approving the calling of
a special meeting (the "Meeting") of the shareholders of Selkirk (the "Selkirk
Shareholders").


The Meeting will be held at 9:30 am (Pacific time) on Friday, October 30, 2009
at Suite 800 - 1199 West Hastings Street, Vancouver, British Columbia for the
purpose of, among other things, considering and, if deemed advisable, passing a
resolution approving the Arrangement, as more fully set forth in the notice of
meeting and information circular of Selkirk dated as of September 16, 2009 (the
"Notice of Meeting and Circular"), a copy of which is available on SEDAR at
www.sedar.com under Selkirk's profile.


As previously announced, under the terms of the arrangement agreement dated
September 14, 2009 among Selkirk, Imperial and Bethlehem Copper Corporation, a
subsidiary of Imperial (the "Arrangement Agreement"), Selkirk Shareholders
(other than holders exercising dissent rights) may elect to receive either $3.60
cash for every 30 common shares of Selkirk ("Selkirk Shares") held, or one
common share of Imperial (an "Imperial Share") for every 30 Selkirk Shares held.
Imperial is not required to issue more than 2,200,000 Imperial Shares in
connection with the Arrangement. If elections made by Selkirk Shareholders would
otherwise result in the issuance of more than 2,200,000 Imperial Shares, such
number of Imperial Shares will be allocated among such electing holders on a
pro-rata basis, with the balance of the consideration payable in cash. If no
election is made by a Selkirk Shareholder by the time of the Meeting, such
holder will be deemed to have elected to receive cash.


Accompanying the Notice of Meeting and Circular and other materials that were
mailed to Selkirk Shareholders of record as at the close of business on
September 16, 2009 in connection with the Meeting is a form of Letter of
Acceptance and Transmittal and Election Form (the "Letter of Transmittal") which
sets out the procedure to be followed by registered Selkirk Shareholders in
depositing their Selkirk Shares. Selkirk Shareholders are encouraged to sign,
date and return the Letter of Transmittal in accordance with the instructions
set out therein and in the Notice of Meeting and Circular so that they may make
the election to receive Imperial Shares or cash for their Selkirk Shares and, if
the Arrangement is completed, payment for their Selkirk Shares may be sent to
them as soon as possible following completion of the Arrangement. If a Selkirk
Shareholder does not return a duly completed Letter of Transmittal before the
time of the Meeting, such holder will be deemed to have elected to receive cash
for their Selkirk Shares. A copy of the Letter of Transmittal is also available
on SEDAR at www.sedar.com under Selkirk's profile.


About Imperial

Imperial is a mine development and operating company based in Vancouver, British
Columbia. Imperial's key properties are the Mount Polley open pit copper/gold
producing mine in central British Columbia, the Huckleberry open pit
copper/molybdenum producing mine in northern British Columbia, the development
stage Red Chris property in northwest British Columbia, and the development
stage Sterling gold property in southwest Nevada.


About Selkirk

Selkirk is a Vancouver based mineral exploration and development company with a
large portfolio of exploration properties predominantly in British Columbia.
Since it commenced operating in 2005 Selkirk has focused its field operations on
the exploration and development of the Ruddock Creek Zinc/lead project and the
Catface copper project both of which have a defined resource and development
potential.


For further information on Imperial Metals Corporation, please contact Brian
Kynoch, President 604-669-8959, or visit our website at www.imperialmetals.com.


SELKIRK METALS CORP.

Gordon Keevil, President and CEO

This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 or "forward-looking information" within the
meaning of Canadian securities laws. All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration and development activities and events or developments
that Selkirk expects, are forward-looking statements. Although management
believes the expectations expressed in such forward looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploration and development successes, continued availability of capital
and financing, and general economic, market or business conditions. Please see
our public filings at www.sedar.com for further information.
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