there be more zinc at gays river, nova scotia!!!

There be more ZINC at Gays River, Nova Scotia!!!October 30, 2012

Safe Harbour Statement

2

This presentation contains certain "forward-looking statements" within the meaning of applicable Canadian Securities laws. Forward-looking statements include without limitation, statements regarding future production, potential mineralization and reserves, exploration results, metallurgical recoveries, capital and operating costs, metal prices. In particular, they relate to statements concerning the future plans and objectives of Selwyn Resources Ltd. including, those for the Selwyn Project and those related to the re-start of ScoZinc operations which concern the estimated re-start capital and working capital requirements, the estimated ScoZinc operating costs and the estimated recovery and production rate, annual production and mine life for the ScoZinc operations. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Selwyn’s expectations relate to verification of mineral resources for ScoZinc, the realization of results for ScoZinc operations as reported by the current owner of ScoZinc and those risk factors generally are disclosed under the heading "Risk Factors" in Selwyn’s Annual Report and Annual Information Form which are filed with Canadian regulators on SEDAR (www.sedar.com).

Think Zinc… No really… Think Zinc!

3

Mine Production

Zinc Price Forecast

Zinc Deposits of the World

• Zinc has been under explored for 30 to 40 years• Zinc has not been the commodity of choice for many years• Most Senior Mining Companies have only recently started returning to zinc

MVT Zinc-Lead Deposits in Canada

4

Exploring for Zinc in Nova Scotia

5

Lime HillStirling

Jubilee

Smithfield

Gays River area • Main zone (Scotia mine)• Northeast zone (Scotia

mine)• Getty deposit• Carrol’s Corner/Farm

targets

Walton

Carbonate HostedCarbonate Hosted, fault relatedVolcanogenic Massive Sulphide

ID Total Licenses/Leases Total Claims Hectares AcresScoZinc Licenses 1501 101 2467 38,831 95,954ScoZinc Leases 1501 3 40 633 1,564

Totals: 104 2,507 39,464 97,518

Gay’s River Peer Group

6

What We Know: Low Cost Entry to Producer Group

7

Planned Production: 2,500tpd ScoZinc Mine Operations:• Proven operating history (2007-2009).• Historical low-cost operations.• Restart planned for late 2013

• 57% Zn and 70% Pb concentrate• 85% and 86% Zn / Pb recoveries

• Low Average Cost ($0.56/lbs Zn)

Infrastructure and Community:• Rail, road, and port in place.• Low cost power ($0.045/kwh).• Ample labour from local communities.• Strong government and local community

support.

Exploration and Expansion: • Recent NI 43-101 mineral resource

report update (August 2012).• District scale (34km) opportunities.

Focusing on Gays River Geological Model

8

Windsor Basin forms (335 MA) Windsor seas Coral reef growth

Windsor Basin fills in –Reef dies Zinc-Lead deposited in reef

Today

The Paleo-Shoreline is the Place to be…

9

500 metres

MillPaleo-ShorelineCarrolls

CornerTarget

N

CarrollsFarmTarget

Halifax

MAIN

NE U/G

GETTY

Hw

y 224SW Ext

2011 Drilling Success

10

• Focus on SW Extension of the Main zone to aid incorporate additional resources and to examine opportunities of modeling the “entire mineralizing system”, not just the higher-grades as had been done

• 39 drill holes successfully completed

• 4,940.50 metres of exploration drilling around conceptualized open pit

• 711 assay samples passed QA/QC and used in mineral resource estimation

2011 Drilling Success

11

• Focus on SW Extension of the Main zone to aid incorporate additional resources and to examine opportunities of modeling the “entire mineralizing system”, not just the higher-grades as had been done

• 39 drill holes successfully completed

• 4,940.50 metres of exploration drilling around conceptualized open pit

• 711 assay samples passed QA/QC and used in mineral resource estimation

• A complete rethink of known mineral resources and how each deposit was defined

• Review the application of cutoff grades to ore deposit boundaries for opportunities

• Internal review 1,400 historical drill holes not previously reviewed for opportunities

12

The 2012 Paradigm Shift in Mineral Resources

Resource Category ZnEq. % Cut-off Tonnes Zn

(%)Pb(%)

ZnEq.%

Measured 0.75 2,075,000 3.14 1.68 5.16Indicated 0.75 5,770,000 3.30 1.69 5.32Measured + Indicated 0.75 7,845,000 3.25 1.69 5.28Inferred 0.75 3,677,000 2.35 1.51 4.16

• 55% increase in Measured category mineral resources from July 2011

• 65% increase in Indicated category mineral resources from July 2011

• 13% decrease in Inferred category mineral resources from July 2011

• 26.8% increase overall in the size of the Gays River deposit mineral inventory

• Not just a 26.8% increase in mineral resources, but an increase in metal content

• The increase in metal content within the deposit provides upside for operations

• The additional zinc and lead could effect PEA cashflows; engineering in-progress!

13

The 2012 Paradigm Shift in Mineral Resources

Resource Category

ZnEq. % Cut-off Tonnes Zn metal

(lbs)%

increasePb metal

(lbs)%

increaseMeasured 0.75 2,075,000 13.65 M +10.5 17.76 M +30.1Indicated 0.75 5,770,000 134.25 M +47.0 76.07 M +54.8M + I 0.75 7,845,000 145.91 M +35.1 100.19 M +52.2Inferred 0.75 3,677,000 -53.09 M -11.8 0.49 M +0.5

• 14% increase in Zinc overall in the deposit from July 2011

• 32% increase in Lead overall in the deposit from July 2011

Where did that Paradigm shift occur at Gays River?

Glacial Till

Glaciofluvial Sand High-grade oreDe-dolomite

Low-grade ore in DolomiteGypsum or

Anyhydrite

Trench

14

EUREKA!!

14

Gypsum

Tren

ch

Till

Dolomite

Conglomerate

Ore

Anyhydrite

Can you spot the zinc-lead mineralization?

15

Previous dolomite waste rock is now potentially available to schedule to be mined, as now inside resource model.

July 2011 vs. August 2012 Gays River deposit

16

October 2011 NI 43-101 PEA Assumptions

17

The following estimates are forward looking statements based on the revised operating results and re-start plan prepared by an independent consultant engaged by Selwyn in Q2 2011. Selwyn cautions that results based on the technical assumptions underlying the estimates are subject to verification of cost estimates and may differ from those forecast. Key assumptions were confirmed in NI-43-101 mineral resources and PEA report published on Sedar.

ScoZinc Estimated Annual Production

Average Annual Tonnes % Zinc % Lead

Ore Milled (2500 tpd) 875,000 4.0% 1.8%

Mill Recoveries 85% 86%

Contained Zn in Concentrate 29,750 57%

Contained Pb in Concentrate 13,545 70%

ScoZinc Estimated Economics ($000’s) (Annual average of first 3 years)

Average Annual Price US$0.90Zn/$1.00 Pb US$1.10Zn/$1.20 Pb US$1.30Zn/$1.40 Pb

Operating Cost/tonne $51.77 $51.77 $51.77

C1 Cash Cost/lb Zn $0.66 $0.56 $0.46

Average EBITDA p.a. $10.2M $26.2M $42.2M

Next Step – Update 2011 PEA & project economics

18

Areas to Watch – Internal engineering work is ongoing to maximize benefits from the newly updated, expanded mineral resource base for the Gays River

deposit at ScoZinc Mine; updated PEA prior to end of 2012

1) A possible increase in what could be mineable mineral resource base due to the substantial additional mineralization identified in newly published NI 43-101 resource;

2) Possible expanded mining limits due to the additional mineralization, notably the lower-grade, disseminated category;

3) A possible new, optimized mining schedule to take advantage of the newly identified additional mineralization, meaning better efficiencies in a variety of areas of the mine operations that could lower overall operating costs;

4) A possible longer mine life through the injection of more metal being milled over a longer mining schedule that will benefit the overall cashflow modeling of the mine;

5) And a possible decrease in the overall strip ratio for the open-pits, meaning lower haulage and re-handling costs.

Next Step: Re-evaluate the Northeast zone

19

Next Step: Re-evaluate the Getty deposit

20

Next Step: Follow-up VTEM surveys

21

• Four major areas flown by helicopter survey(1) Walton block(2) Smithfield block(3) Musquitdoboit block(4) Stirling block

• AEM survey calibrated at Gays River deposit

• Total area covered ~388km2

• Total line kilometres flown ~ 2,288

• Extensive Target Generation Inititative

• Extensive literature and data review

• Priority matrix analysis completed

• Late 2012 and 2013 work programs planned

Future Exploration – Carrolls Corner & Carrolls Farm

22

Carrolls Farm

Carrolls Corner

Distance to Mill

Drill Intercept

(m)

Zn + Pb(%)

Carrolls Farm 2.5km

GRRC07-12GRRC07-20Including

15.24 6.09 3.05

1.572.264.14

Carrolls Corner 3.2km

SGR-92-04IncludingSGR-92-05

6.17 1.4823.16

2.488.401.28

A Thought to Ponder for the Future…

23

Scheduled Depletion of Several Large and Medium Mines Commencing 2012

In a January 12, 2010 Research Note by Credit Suisse, they projected the need for a 60% increase in mine production by 2016 - this means more than 6,000,000 tonnes of new mine development.

In October 2010, Xstrata Zinc President stated we could loose 1.9M tonnes of mine supply by 2016 while only adding 800,000 tonnes; and expected that we will need 7 million tonnes of new mine supply by 2020 and 14 million tonnes by 2025 to meet demand.

Mine K tonnes Depletion Date

Lennard Shelf 75 Shutdown

Galmoy, Ireland 80 Shutdown

Brunswick, Canada 265 March 2013

Perseverance, Canada 135 H1 2013

Golden Grove, Australia 140 ~ 2013

Lisheen, Ireland 175 H2 2013

Mt. Garnet, Australia 55 2013

Rosh Pinah, Namibia 67 2014

Century, Australia 600 2014

Pomozany, Poland 69 2015

Black Mountain, Namibia 37 2016

Skorpion, Namibia 171 2015

Total 1,869

there be more zinc at gays river, nova scotia!!!

Documents

estimated scozinc

scozinc leases15013406331

tpd scozinc

years zinc

restart of scozinc operations

world zinc

annual production

future production