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For release to Journalist and the Financial and Business sector

Canwealth Minerals Corporation: Positive assay results for Gold, Silver on the Highland Gold property.

August 14, 2012 - USG1 and Canwealth Minerals Corp., Sign Merger Agreement

For release to Journalist and the Financial and Business sector

USG1 and Canwealth Minerals Corp., Sign Merger Agreement.

New York, Montreal, August 14,2012 – Canwealth Minerals Corporation “Canwealth” and majority shareholder, ICBS Ltd., (OTCPK: ICBT), announced today that an Agreement and Plan of Merger has been signed with USG1, Inc. ICBS Ltd., currently owns 70% of Canwealth Minerals Canada. Once the merger is completed, ICBS will own 60.90% of the newly formed company.

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