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[PoemStone]

Hi wayno2. ICBT news: Canwealth Minerals Corporation seeking a public company for reverse merger
http://ih.advfn.com/p.php?pid=nmona&article=52249718

Canwealth Minerals Corporation and majority shareholder, ICBS Ltd., (OTCPK: ICBT), announced today that after a meeting with the company's directors, auditors and lawyers a resolution was passed by the board, to take Canwealth Minerals Corporation public by reverse merger with an existing U.S. public company.

Representatives from ICBS have engaged in actively seeking a public U.S. company for a reverse merger. The merger would allow Canwealth to become a publicly traded company within a relatively short time. An initial IPO was ruled out because of the lengthy and expensive process prior to being able to trade its stock. A reverse merger could see Canwealth trading within 30-60 days after the completion of the reverse merger.

Canwealth Minerals drilling program is set to commence on May 20, 2012, at Golden Ridge The exploration schedule is based on a window of opportunity with respect to weather, road conditions and accessibility (snow accumulation, flooding and erosion) to the primary target. Drilling will depend on access to water that is free of ice. Core drilling to determine the extent of the precious mineral deposits is expected to have the first results by the summer.

Canwealth Minerals Corporation - is a mineral exploration and mining company actively searching for gold, silver, PGE, base metal and REE mineral deposits in Quebec. At the present time the company holds 9 Mining properties (268 Claim cells) in Northern Quebec's Abitibi region and the James Bay basin including addition exploration camps in South Western Quebec for a total of 38,573 acres under management and is 100% owned by Canwealth Minerals Corp. Canwealth will require development funding for equipment and labour which could top three million dollars over the next two years.

ICBS Limited is a 51% shareholder in Canwealth Minerals Corp.