ICBS and Canwealth Minerals Corporation, in talks with U.S. mining company for joint venture in U.S.

New York, Montreal October 24, 2011, ICBS Ltd., (OTCPK: ICBT),)   announced that partner Canwealth Minerals Corporation have entered into talks with a U.S. based mining company for a joint venture project to develop the unnamed  companies 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 are inaccessible due to weather.

Canwealth is currently seeking out other opportunities to joint venture development program 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 .

SOURCE:  Canwealth Minerals Corporation ,ICBS Limited.

CONTACT: Kelly Taylor, President & CEO

www.icbs.ca

www.canwealthminerals.com

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