Selwyn Exercises Savant Common Share Purchase Warrants

#700 – 509 Richards Street Vancouver, British Columbia Canada V6B 2Z6 Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Fax: (604) 689-8355 Trading Symbol: SWN.TSX-V [email protected] News Release – 2011-10 www.selwynresources.com

News Release

Selwyn Exercises Savant Common Share Purchase Warrants

Vancouver, February 16, 2011 – Selwyn Resources Ltd. (“Selwyn”) announces it acquired 1,166,667 common shares (the “Shares”) of Savant Explorations Ltd. (“Savant”) through the exercise of common share purchase warrants of Savant at a price of $0.10 per Share on February 15, 2011. Immediately after the acquisition of Shares, Selwyn beneficially owns or controls 10,103,334 common shares of Savant, representing 14.85% of Savant’s issued and outstanding common shares. Selwyn also holds warrants to acquire an additional 312,500 common shares of Savant which, if exercised, would increase the holdings of Selwyn to 10,415,834 common shares, representing approximately 15.28% of Savant’s issued and outstanding common shares.

The common shares of Savant are listed on the TSX Venture Exchange and trades under the trading symbol “SVT”. Selwyn acquired the securities for investment purposes. Depending on market conditions, Selwyn may in the future increase or decrease its investment in Savant.

An Early Warning Report respecting this acquisition has been filed on the System for Electronic Document Analysis and Review (“SEDAR”) under Savant’s profile and can be viewed at www.sedar.com.

• 30 -

For more information contact:

Dr. Harlan Meade, President and CEO Catalin Chiloflischi, Manager of Investor Communications Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Facsimile: (604) 689-8355 [email protected] www.selwynresources.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.