SLK Silk Road Energy Inc

Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK) is pleased to announce that
it has entered into a letter of intent ("LOI") with Imperial Metals Corporation
("Imperial") (TSX:III) pursuant to which the two companies have agreed to merge
by way of plan of arrangement (the "Transaction"), subject to shareholder and
regulatory approval.


The business combination will pair Imperial's proven development, operating and
financial capability with Selkirk's portfolio of development stage and advanced
exploration projects. The corporation will be virtually debt free and utilize
cash flow from existing operations to further explore and develop an expanded
mineral asset base. Imperial is, and as a result of the Transaction continues to
be focused on British Columbia, where Selkirk also has focused its operations.
This Transaction also serves to bring together the technical expertise of both
companies. The management and board of directors of Selkirk feel that the
Transaction will allow for the continued development of both the Ruddock Creek
and Catface Projects that otherwise will be more difficult in light of the
current economic environment.


Under the terms of the LOI, each holder of common shares of Selkirk (other than
holders exercising dissent rights) may elect to receive either $0.12 cash for
every share of Selkirk held, or one common share of Imperial for every 30 shares
of Selkirk held. If no election is made by a Selkirk shareholder, such holder
will be deemed to have elected to receive cash. Upon completion of the
Transaction, Imperial agrees to support the appointment or election of a Selkirk
nominee to the board of directors of Imperial.


Imperial shall not be required issue more than 2,200,000 of its shares in
connection with the Transaction. If elections made by Selkirk shareholders would
result in the issuance of more than 2,200,000 shares of Imperial, such number of
Imperial shares will be allocated among such electing holder on a pro-rata
basis, with the balance of the consideration payable in cash.


Transaction

Selkirk and Imperial anticipate that the Transaction will be carried out by way
of a statutory plan of arrangement whereby Imperial will acquire all of the
issued shares of Selkirk and Selkirk will become a wholly-owned subsidiary of
Imperial.


The completion of the Transaction is subject to a number of conditions,
including: completion of due diligence reviews by each party; the approval of
the Supreme Court of British Columbia to the Plan of Arrangement; execution of a
definitive arrangement agreement; approval of the Selkirk shareholders at a
special meeting of Selkirk shareholders to consider the Transaction; not more
than 10% of the Selkirk shares shall have exercised their right to dissent to
the Transaction; and approval of the Transaction by the TSX Venture Exchange and
any other regulatory authorities. There is no certainty that the Transaction
will be completed as presently contemplated, or at all.


Full details of the proposed Transaction will be included in the definitive
arrangement agreement and the Management Information Circular to be prepared and
filed with the regulatory authorities and mailed to Selkirk shareholders in
accordance with applicable securities law.


Subject to the completion of the above conditions, the Transaction is expected
to be completed in October, 2009.


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.


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 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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