Canwealth Minerals Corporation opens another new claim, files on 4 new claim sites, assay report strongest for Gold

NEW YORK and MONTREAL, Aug. 11, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),   announced today that it has filed mineral claims on 4 new claim units in the Abitibi Temiscamingue region of Northern Quebec, assay report from AGAT Laboratories show high Gold content, .396 PPM. The new claim, Golden Ridge is located 5.7 km south west of the company's current Lakeview property.

"We have filed our claims based on prior samples from this region which have shown strong Gold presence" said Canwealth President , Kelly Taylor."

The four claim cells are located well within a orogenic geological zone of the Superior province, and represent 561 acres. This geological formation is considered a highly favourable site based on a recent study released in May of 2011 by the Ministère des Ressources naturelles et de la Faune. for exploration for gold, copper, nickel, PGE ( platinum group elements ).

Canwealth Minerals Corporation is a gold and precious metal mining company has registered these claims with the Quebec government.

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

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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