NEW YORK and MONTREAL, July 29, 2011 /PRNewswire/ – Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT) announced today that
Canwealth Minerals has acquired 30 new claims, representing 4850 acres
bringing a total of 35,688 acres under management by Canwealth Minerals. The new claim is located
in the Abitibi Green Stone belt zone of the Grenville orogeny. This
geological formation is considered a highly favourable site for
exploration for gold, silver, copper, nickel and PGE (platinum group
elements).

“We have taken previous samples from this area which looked extremely
interesting to us” said Canwealth President Kelly Taylor. ” We have
sent the samples to AGAT Laboratories Ltd in Mississauga Ontario for
analysis, and are expecting results shortly. However, after learning of
the incursion by a major gold mining company in the surrounding area,
we decided to file our claims in advance of the assay.”

Canwealth Minerals Corporation is a gold and precious metal mining
company has registered claims with the Minister of Natural Resources in
Quebec

The company is expected to start exploration drilling at its Shadow
Mountain site this coming August. The main thrust of the exploration
will be to focus on sites that have a strong indication of precious
metal mineralization such as Gold, Silver and Platinum.

The company’s current strategic direction is to seek out properties or
claims known to have highly favourable mineralized targets 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 Harbor: 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 Harbor
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