Selkirk Halts Trading

Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) - Further to the news
releases of Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) dated July 27,
September 15 and October 2, 2009 relating to the proposed merger with Imperial
Metals Corporation ("Imperial") (TSX:III) by way of plan of arrangement (the
"Arrangement"), Selkirk will be holding a special meeting (the "Meeting") of the
shareholders of Selkirk (the "Selkirk Shareholders") 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, if no election is made by a Selkirk Shareholder to
receive common shares of Imperial ("Imperial Shares") by the time of the
Meeting, such holder will be deemed to have elected to receive cash for their
common shares of Selkirk ("Selkirk Shares") being $3.60 cash for every 30
Selkirk Shares held. For settlement reasons, Selkirk Shares purchased on or
after October 27, 2009 would not be eligible to participate in the election to
receive Imperial Shares in lieu of cash. Accordingly, Selkirk Shares were halted
from trading at the opening of trading on October 27, 2009 pending the holding
of and the results of the Meeting. If the Arrangement is approved at the
Meeting, then Selkirk intends to apply to the Supreme Court of British Columbia
on Monday, November 2, 2009 for a final order approving the Arrangement. If all
required conditions are met (including receipt of all necessary approvals), then
Selkirk intends to close the Arrangement effective on or about November 3, 2009
and the Selkirk Shares will be delisted from the TSX Venture Exchange shortly
following closing of the Arrangement. In such event, Selkirk expects that the
trading halt will remain in effect until the closing of the Arrangement.


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.


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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