Channel Resources Ltd.

Channel Resources Ltd.

January 18, 2008 13:54 ET

Channel Issues Options, Files Annual Financial Statements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) - Channel Resources Ltd. (the "Company")(TSX VENTURE:CHU) announces that it has granted stock options to certain directors and officers of the Company to purchase an aggregate of 100,000 common shares at an exercise price of $0.115 per share for a period of five years pursuant to the Company's Stock Option Plan.

The Company also advises that it has filed its audited annual financial statements for the year ended September 30, 2007 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.

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