Canwealth Minerals Corporation acquires remaining claims for the Highland Gold property

NEW YORK and MONTREAL, Aug. 26, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),   announced today final acquisition of the remaining 6 claims for the Highland Gold property located in the Abitibi Temiscamingue region of Northern Quebec. This brings the total amount of claims to 243 and brings the total amount of acres under management to 35,087.

The Highland gold property is located in the Townships of Dalet and Poirier approx. 76 km north of Amos Quebec in the prolific Abitibi Greenstone Belt of the Grenville Province. The claim is 100% owned by Canwealth Minerals Corporation. A ground geophysical survey and a grab sample program has been planned and will commence immediately. In the following weeks based on the assay results primary targets will be identified and drilling will begin by mid to late September.  Based on historical data of the surrounding area. This orogenic geological structure is considered a highly favorable site for exploration of gold and copper. Past surface grab sampling have indicated significant results for gold and copper.

Canwealth Minerals Corporation is a gold and base metals exploration company with registered claims with the Ministère des Ressources Naturelles et de la Faune

The main thrust of the exploration will to be focused on sites that have a strong indication of precious and base metals such as Gold, Silver, Copper and PGE.

The company's current strategic direction is to seek out properties/claims known to have high value Gold targets which will lead rapidly to the advanced exploration and development stages.

The company's current strategic direction is, to seek out properties/claims known to have high value mineral targets which will lead rapidly to the advanced exploration and development stages.

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

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