Canwealth Minerals Corporation Shadow Mountain project to go to phase three after recent assay results.

NEW YORK and MONTREAL, June 6, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), Are pleased to announce  phase three of grab sampling assay results were received for the Shadow Mountain Project with encouraging results. The indicators were high again in all 18 assay results for REE ( Rare Earth Elements), Gold, Silver and base metals. After careful review of the past assay results the company will proceed to the next phase of the exploration of Shadow Mountain.

The company is expected to commence phase 1 drilling campaign that will consist of a 60 hole program for a total of 5500 meters in selected areas based on geophysical review to determine the best locations. Also Management is pleased to announce the completion of additional rolling stock and support equipment for greater access to the projects.

The Shadow Mountain claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 70 claim cells totaling 10378 acres. The project is located well within a VMS (Volcanogenic massive sulphide) zone of the Grenville orogeny and encompasses a massive volcanic plug. 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).

Canwealth Minerals Corporation is a gold, silver and base metals exploration company and has 189 registered claim cells with the Ministre Resources Naturalle et de la Faune for a total 28,022 acres. The company is expected to start exploration drilling of all its projects this summer. The main thrust of the exploration will be focused on locations based on grab sample assay results that have a strong indication of precious and base metals such as Gold, Silver, Copper and REE ( Rare Earth Elements ).

The company has remained on target for phase one of grab sampling on all its projects and intends to continue to go to the next scheduled phases leading up to a NI 43-101 report for all its projects 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 Inter Canadian Business Service