Resource Capital Fund IV L.P. Acquires Units of Selwyn Resources Ltd.



    DENVER, June 3 /CNW/ - Resource Capital Fund IV L.P. ("RCF IV") announces
that it has acquired 7,500,000 units ("Units") of Selwyn Resources Ltd.
("Selwyn") pursuant to a private placement (the "Private Placement"). Each
Unit consists of one common share and one half of one common share purchase
warrant (each whole warrant, a "Warrant"). The Units were acquired at a
purchase price of CDN$0.10 per Unit representing an aggregate purchase price
of CDN$750,000. Prior to the Private Placement RCF IV held 31,223,810 or 15.5%
of the issued and outstanding common shares of Selwyn.
    Following the Private Placement, the common shares owned by RCF IV
represent 17.10% of the issued and outstanding common shares of Selwyn.
Assuming the exercise of the Warrants and the exercise of previously held
warrants, RCF IV would own 58,085,715 common shares, or 23.63% of the issued
and outstanding common shares of Selwyn.
    The Units of Selwyn were acquired by RCF IV for investment purposes.
Depending upon market conditions and other factors that RCF IV may deem
material to its investment decisions, additional shares may be purchased in
the open market or in private transactions subject to the terms of the
shareholder agreement dated effective August 20, 2008 between Selwyn and RCF
IV. Depending on these same factors, and subject to the terms of the
shareholder agreement dated effective August 20, 2008 between Selwyn and RCF
IV, shares currently owned (or hereafter acquired) by RCF IV may be sold in
the open market or in private transactions.





For further information:

For further information: concerning the foregoing or a copy of the Early
Warning Report referred to in this release, please contact: Brian Dolan, RCF
Management L.L.C., Tel: (720) 946-1444


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