NEW YORK and MONTREAL, June 13, 2011 /PRNewswire/ – ICBS Ltd., (OTCPK: ICBT), announced that it has acquired a controlling interest of 51% in
Canwealth Minerals Corporation.

An agreement was reached with majority shareholder Kelly Taylor, (
President & CEO of Canwealth Minerals) in which ICBS acquired a total
of 51% of the company’s stock. Canwealth Minerals Corporation is a
privately held company.

Canwealth Minerals Corporation is a gold and precious metal mining
company which holds 90 claims in 28,967 acres in northern Quebec. The
company’s Management team is made up of professionals with extensive
exploration and production experience. The company is committed to
build Canwealth Minerals Corporation into a profitable resource by
maximizing shareholder value through exploration of its high quality
properties in Northern Quebec.

Canwealth Minerals Corporation significant number of drill ready targets
including newly acquired sites.

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

To accomplish this Canwealth Minerals Corporation’s , experienced
management team, through the use of the latest technology, will
explore and drill its mining claims to expeditiously achieve resources,
and take these to advanced project development .

“We are very please to have ICBS as a strong partner which will bring
strong management experience and skills to the company”, said Kelly
Taylor, President & CEO of Canwealth Minerals Corporation.

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