ICBT ICBS Ltd (CE)

ICBS Ltd. (PINKSHEETS: ICBT) announced that partner Canwealth Minerals Corporation has entered into talks with a U.S. based mining company for a joint venture project to develop the unnamed company's mining claims in the U.S.. The companies are currently under a confidentiality agreement until a deal is signed.

The U.S. mining sites have proven positive for gold and REE (rare earth elements). Canwealth would institute a deep core drilling program to prove out the U.S. mining sites. Although details of the talks are confidential, the joint venture would allow Canwealth to expand its base of operations during the winter months when the Canwealth claim in Northern Quebec is inaccessible due to weather.

Canwealth is currently seeking out other opportunities to joint venture development programs with other mining concerns.

Canwealth Minerals Corporation is a gold and precious metal mining company which holds eight mining sites with over 35,000 acres under management in northern Quebec.

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.

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.

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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.

CONTACT: Kelly Taylor President & CEO www.icbs.ca www.canwealthminerals.com Email Contact