SLK Silk Road Energy Inc

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to provide this summary of the recently completed exploration program on the
Fandora Gold Property. The 100% owned Fandora Gold Property is located 20 km
northeast of Tofino, BC (the "Property"), at the head of Tranquil Inlet.


In early June a field crew completed a program of stream and soil sediment
sampling, surface and underground geological mapping and prospecting on the
property and surrounding area. Soil and stream sampling results indicate that
the original Fandora vein system extends to both east and west of the area of
the existing development, indicating a potential strike length of at least 5
kilometres. Geological mapping has confirmed that the Fandora vein system is
mesothermal in character and as such should continue to significant depth. With
the extensions to the Fandora vein and the discovery of additional mineralized
structures, the prospective area for gold mineralization within the Fandora
Property is now in excess of 25 square kms.


In addition to the positive Fandora results there are numerous widespread gold
anomalies in both stream sediments (22,903ppb) and soil (807ppb) associated with
the Fandora vein system and new areas indicating the presence of at least two
other parallel vein systems. These are located to the north and south of the
Fandora structure. With this expansion of the Fandora gold camp it is likely
that additional veins will be uncovered with future work programs. Selkirk has
now acquired additional claims to encompass these extensions.


The Fandora claims are located 5 km from tidewater in an area of active logging
with excellent forestry road access. The Property covers 4,423.69 ha and
consists of five crown granted mineral claims (79.4 ha) and 13 cell claims (207
cells / 4,344.29 ha). The Property consists of several parallel gold bearing
quartz veins striking at 070 degrees and dipping steeply (70 degrees) north. The
veins are shear hosted within Triassic-aged Sicker Group andesite and basalts.
The vein system has been explored, by trenching and drifting along the vein, for
a horizontal distance of 1,000 m and a vertical distance of 300 m with the gold
bearing system being extremely consistent throughout. The mineralogy consists of
pyrite, sphalerite, galena, chalcopyrite, and arsenopyrite with fine grained
visible gold. The gold grades increase with the overall sulphide content.
Preliminary metallurgical work completed in 1999 confirms that the gold is
non-refractory, and a gold and silver recovery of approximately 97% is possible
with a cyanide leach.


A review of the historic work on the 1700, 1900 and 2100 levels, where there is
detailed historic channel sampling, was completed. While the historic data is
non-43-101 compliant the Company feels that the information is significant in
the evaluation of this project. The following table represents uncut channel
sampling of the entire levels, which happens to be greater than the 0.3 oz/ton
cutoff, and the weighted average of the levels using a 0.4 oz/ton cutoff:




---------------------------------------------------------------------------
Length (ft.)           Width (ft.)  Oz/ton (0.3 cutoff)  Oz/ton (0.4 cutoff)
---------------------------------------------------------------------------
2100 Level
---------------------------------------------------------------------------
448 (entire level)          4.52                 0.327
---------------------------------------------------------------------------
308                         4.40                                      0.420
---------------------------------------------------------------------------
1900 Level
---------------------------------------------------------------------------
748 (entire level)          5.47                 0.360
---------------------------------------------------------------------------
486.5                       5.35                                      0.440
---------------------------------------------------------------------------
1700 Level
---------------------------------------------------------------------------
543 (entire level)          5.11                 0.322
---------------------------------------------------------------------------
425                         5.11                                      0.419
---------------------------------------------------------------------------



The field crews also located the Gold Flake workings, located 500m along strike
of the Fandora vein system, and the historic Free Gold underground workings
located northwest of the Fandora on the east side of Warn Bay. The adit is still
accessible and was examined and found to contain a vein system of similar width
and orientation to the Fandora. With the addition of the Free Gold and Gold
Flake veins there are now three known mineralized structures within the property
boundaries.


This news release has been reviewed and approved by the Company's Qualified
Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of
Exploration. The Company is in the process of evaluating and enhancing its
property portfolio to reflect current market conditions and commodity prices,
the advanced Ruddock Creek zinc-lead-silver and Catface copper porphyry projects
remain the Company's highest priority projects.


On Behalf of the Board of Directors:

Gordon Keevil, President

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. 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 the Company 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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