Channel Expands & Advances West Bienville Uranium Project, Completes Geophysics at Tanlouka Gold Project

Vancouver, BC - Channel Resources Ltd. ("Channel" or the "Company", TSX.V:CHU) reports that, based on target area dimensions and trends outlined by airborne magnetic and spectrometer survey data, the Company has extended the West Bienville Uranium Project license area in northern Quebec from 220 claims (108.2 square kilometres) to 288 claims (141.7 square kilometres). The south-easterly extension of the property follows a trend of uranium anomalies spatially associated with a regional scale fault.
Field follow-up investigations of these anomalous trends will commence shortly at West Bienville taking advantage of an early spring thaw in the area. The uranium footprint, as well as other geochemical parameters and magnetic data suggest that the property has the potential to host intrusion-related and/or structurally-related uranium mineralization. Channel can earn a majority interest in West Bienville under an option agreement with Azimut Exploration Inc.

At the Tanlouka Gold Project in Burkina Faso, 30 line kilometers of Induced Polarisation (IP) and ground magnetometry surveys have now been completed. The geophysics report for these surveys is pending but they are expected to aid in the definition of drill targets along the 1,800 metre trend of gold in soil anomalies.

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Candente Resource announced an updated mineral resource estimate on its wholly-owned Cañariaco Norte copper project located in Lambayeque Department, northern Peru. At a 0.3% Cu cut-off grade, measured and indicated resources total 622 Mt grading 0.47% Cu for 6.47 billion pounds contained copper. Inferred resources are estimated at 128 Mt grading 0.43% Cu for 1.21 billion pounds contained copper. A higher grade, near-surface resource shell of 102 Mt of measured and indicated mineral resource grading 0.57% Cu containing 1.28 billion lbs of copper at a 0.3% Cu cut-off grade offers the potential for accelerated production of this material and improved project economics. Estimates for potential by-product credits from gold and silver are expected to be completed by 3Q 2008.