Channel Resources Ltd.
TSX VENTURE : CHU

Channel Resources Ltd.

June 22, 2010 08:43 ET

Channel Resources Commences Drilling Program at Tanlouka Gold Project, Burkina Faso

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) announces that it has commenced a Phase 1 drilling program on its Tanlouka gold project in Burkina Faso, West Africa. The program will comprise approximately 2,500 metres of reverse circulation ("RC") drilling focused on five discrete target areas in the Mankarga Zone in the southern part of the property.

Drill targets within the Mankarga Zone have been defined by gold-in-soil anomalies, results from rotary air blast ("RAB") drill profiles, the presence of extensive artisanal workings, as well as results from an induced polarization ("IP") survey that has provided a structural framework for indications of gold mineralization on surface.

The Tanlouka property is located within the Markoye Shear Zone, a 450 kilometer long, crustal scale feature trending northeast through the West African greenstone belt from northern Ghana through Burkina Faso and into Niger. This zone connects several of Burkina Faso's largest known gold deposits including Essakane (IAMGOLD), Bombore (Orezone Gold), Kiaka (Volta Resources) and Taparko Baroum (High River Gold).

The program is being conducted under the supervision of John Adams P.Geo., a qualified person as defined by NI 43–101. Gold analysis will be performed by Abilab Burkina SARL (ALS Laboratory Group) in Ouagadougou, Burkina Faso using standard fire assay and atomic absorption techniques. Channel Resources employs a rigorous quality control program, ensuring that all sample batches sent to the laboratory contain gold standards and blanks from an accredited Canadian laboratory as well as repeat samples.

This news release has been prepared under the supervision of Colin H. McAleenan, P.Geo, who is the Company's "Qualified Person" under the definition of NI 43-101.

Some of the statements contained herein are forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the price of minerals, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise. Further disclosure on risk factors is available in the Company's various corporate filings at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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