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ICBT
ICBS, Ltd.
Montreal January 27, 2012, ICBS Ltd., (OTCPK: ICBT),) announced that ICBS and partner Canwealth Minerals Corporation is expected to open talks with a Canadian based mining company for possible project develop of the Canwealth mining claims in Northern Quebec. A deal could bring investment to develop the claims. All information regarding the possible project is confidential.
“Should these talks prove successful, it could see Canwealth’s development projects accelerated.” Said ICBS’s President Garth McIntosh
Canwealth Minerals Corporation holds 7 Mining properties (248 Claim cells) in North Central Quebec's Abitibi region and South Western Quebec for a total of 35,850 acres under management and is 100% owned by Canwealth Minerals Corp. Talks are expected begin in the new year and are expected to center around two of the most promising claims, Shadow Mountain and Golden Ridge. The development of these two sites would either by joint venture or outright purchase rights to the mines.
SOURCE: Canwealth Minerals Corporation ,ICBS Limited.
CONTACT: Garth McIntosh, President & CEO
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.
