ICBS acquires controlling interest of Canwealth Minerals Corporation

NEW YORK and MONTREAL, June 13, 2011 /PRNewswire/ - ICBS Ltd., (OTCPK: ICBT), announced that it has acquired a controlling interest of 51%  in Canwealth Minerals Corporation.

An agreement was reached with majority shareholder Kelly Taylor, ( President & CEO of Canwealth Minerals) in which ICBS acquired a total of 51% of the company's stock. Canwealth Minerals Corporation is  a privately held company.

Canwealth Minerals Corporation is a gold and precious metal mining company which holds 90 claims in 28,967 acres in northern Quebec. The company's Management team is made up of professionals with extensive exploration and production experience. The company is committed to build Canwealth Minerals Corporation into a profitable resource  by maximizing shareholder value through exploration of its high quality properties in Northern Quebec.

Canwealth Minerals Corporation significant number of drill ready targets including newly  acquired sites.

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

To accomplish this Canwealth Minerals Corporation's , experienced management team, through the  use of the latest technology, will explore and drill its mining claims to expeditiously achieve resources, and take these to advanced project development .

"We are very please to have ICBS as a strong partner which will bring strong management experience and skills to the company", said Kelly Taylor, President & CEO of Canwealth Minerals Corporation.

ICBS is 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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