Selwyn Resources Grants Stock Options

#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 – 2012-32 www.selwynresources.com

News Release

Selwyn Resources Grants Stock Options

Vancouver, October 24, 2012 – The Board of Directors of Selwyn Resources Ltd. (SWN.TSX-V) (the “Company”) has authorized the issuance of stock options to new independent directors to purchase 2,800,000 common shares. The options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. These options have a five year term expiring on October 4, 2017 and allow the holder to purchase common shares of the Company for $0.10 per share.

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For more information contact:

Dr. Harlan Meade, President and CEO Eric Kim, 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.