Canwealth Minerals Corporation new position, 208 claim cells located on a total of 30,838 acres under management

NEW YORK, MONTREAL, June 14, 2011 /CNW Telbec/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced that its total claims reached 208 on a total acreage of 30,838.

The company is now in the process of developing phase 3 for the deep exploration of holdings such as Shadow Mountain and other strategic locations in Northern Quebec. Core drilling is expected to commence in late summer with assay and geology reports expected in early fall. Following those reports, the company will outline the claim locations for further development.

The company's current strategic direction is, to seek out properties/claims known to have high mineral value eg; Gold, Silver, Copper, Nickel and REE, (rare earth elements) which will lead rapidly to the advanced exploration and development stages.

ICBS is providing management and  project funding.

Legal Notice Regarding Forward-Looking Statements: Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.

SOURCE Canwealth Minerals Corporation

For further information:

SOURCE: Canwealth Minerals Corporation - ICBS Limited.

CONTACT Kelly Taylor, President & CEO

Profil de l'entreprise

Canwealth Minerals Corporation

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