VANCOUVER, Sept. 29 /CNW/ - China Mining Resources Group Limited ("China Mining") announced that on September 26, 2008, it has indirectly acquired through its wholly-owned subsidiary, Best Tone Holdings Limited, 18,770,500 common shares (the "Shares") of Selwyn Resources Ltd. (TSX-V: SWN.V) (the "Company"), constituting 9.32% of the issued and outstanding Shares of the Company. China Mining now has beneficial ownership and control over 33,301,500 Shares of the Company, which represents approximately 16.53% of the issued and outstanding shares of the Company. China Mining also indirectly through Best Tone Holdings Limited holds warrants to purchase 5,000,000 Shares of the Company (the "Warrants"). Assuming the exercise of the Warrants, China Mining will control 18.56% of the partially diluted Shares of the Company.

The Shares were acquired on the TSX Venture Exchange. The Shares were acquired for investment purposes only. China Mining may increase or decrease its beneficial ownership of the Company's securities depending on future economic or market conditions.

A copy of the Early Warning Report has been filed with applicable securities commissions and can be found at www.sedar.com

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.