Canwealth Minerals Corporation files on additional 24 claims bordering on the Shadow Mountain site bring a total of 72 claims under management

NEW YORK and MONTREAL, May 25, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),   announced today that it has filed additional mineral claims on their Shadow Mountain site.The Shadow Mountain claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 72 claim cells totaling 10758 acres. The 72 claim cells are located well within a VMS (Volcanogenic massive sulphide) zone of the Grenville orogeny. This geological formation is considered a highly favorable site for exploration for gold, silver, copper, nickel, PGE (platinum group elements) and REE (rare earth elements).

The new claims are located adjacent to the existing claims and located to the North , South and West of the current Shadow Mountain claim block, led Canwealth Minerals to extend the claim cells to a total of  10758  acres, for a oval company holdings of 26,299  acres .

Canwealth Minerals Corporation is a gold and precious metal mining company has registered these claims with the Quebec government. The company is expected to start exploratory drilling this coming spring. The main thrust of the exploration will to be focused on sites that have a strong indication of precious minerals, such as Gold, Silver , Copper and Rare Earth minerals .

The company is expecting the  new sites to be accessed this coming spring with initial geological reports expected by the fall.

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.

ICBS will be 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

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