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Tue Aug 17, 2010
Channel Resources Makes New Gold Discovery at Tanlouka Project, Burkina Faso
Channel Resources Ltd. reports on partial drilling results from a Phase I Reverse Circulation drilling program on the Tanlouka Gold Project in Burkina Faso, West Africa. This is the first drilling program to be conducted on the project apart from a historical, shallow RAB program and results indicate that a significant gold discovery has been made.

Discovery holes drilled 250 metres apart on same structure:

  • 83.5 metres grading 0.94 grams gold / tonne ("g/t Au") including 40 metres grading 1.37 g/t Au and 10 metres grading 3.11 g/t Au
  • 48 metres grading 1.17 g/t Au including 26 metres grading 1.98 g/t Au
Read Online
Wed Jul 14, 2010
Channel Resources Provides Operational Update
Channel Resources Ltd. ("Channel" or the "Company", TSX.V:CHU) is pleased to report on the advancing exploration and process assessment programs on both of the Company's key projects, the Tanlouka Gold Project in Burkina Faso and the Fox Creek Lithium / Potash Brine Project in Alberta.
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Wed Jun 30, 2010
Channel Resources Announces Changes to Board of Directors
Channel announces the appointment of Mr. David Kong as a director of the Company, effective July 1, 2010. Mr. Kong is a Chartered Accountant who has recently retired as partner of Ernst & Young LLP, where he led the firm's Chinese market practice in Canada, focused on servicing Canadian public companies doing business in China and Chinese public companies listed on North American stock exchanges. Also effective July 1, 2010 is the resignation of Mr. Gordon Fitzpatrick from the Board of Directors due to commitments to other business ventures. Channel also announces that it has approved the grant of stock options effective July 1, 2010 for the purchase of up to a total of 360,000 common shares of the Company at an exercise price of $0.10 per share.
Read Online
Tue Jun 22, 2010
Channel Resources Commences Drilling Program at Tanlouka Gold Project, Burkina Faso
Channel 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.
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Fri May 28, 2010
Channel Resources Announces Change to Board of Directors and Filing of Second Quarter Financial Statements
Channel announces that Mr. Louis P. Salley is resigning from the Board of Directors effective immediately due to potential conflicts of interest arising from his involvement in a new business venture. The Company also announces that it has filed its unaudited interim financial statements for the second quarter ended March 31, 2010 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
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Fri May 7, 2010
Channel Resources Closes Private Placement Financing
Channel Resources Ltd. announces that it has closed its non-brokered private placement of Units announced on April 9, 2010. Pursuant to this closing the Company has issued 5,000,000 Units at a price of CDN$0.07 per Unit for gross proceeds of $350,000. Each unit is comprised of one common share of the Company and one share purchase Warrant, with each Warrant being exercisable for one Common Share at an exercise price of CDN$0.11 for a period of 24 months. The proceeds of the private placement will be used primarily to fund exploration work on the Tanlouka Gold Project in Burkina Faso, as well as for corporate development and working capital purposes. Channel plans to commence a drilling program at Tanlouka in the near future that will follow up on an IP program completed in 2008 that outlined compelling geophysical structures that correlate well with soil geochemistry anomalies, channel sampling and RAB drilling in the southern portion of the 105 square kilometre property.
Read Online
Fri Apr 9, 2010
Channel Resources Announces Non-Brokered Private Placement Financing
Channel Resources Ltd. announces a private placement of up to 5,000,000 units (a "Unit") at a price of CDN$0.07 per Unit. Each Unit will be comprised of one common share of the Company ("Common Shares") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share ("Warrant Share") at an exercise price of CDN$0.11 for a period of 24 months. The proceeds of the private placement will be used primarily to fund exploration work on the Tanlouka Gold Project in Burkina Faso, as well as for corporate development and working capital purposes.
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Thu Mar 25, 2010
Channel Resources Welcomes Dr. Richard Schutte to Board of Directors, Grants Stock Options
Channel Resources Ltd. announces that Dr. Richard P. Schutte has been elected to the Company's board of directors at its Annual and Special General Meeting of Shareholders. Dr. Schutte has a Ph.D. in Inorganic Chemistry and has developed a strong background in advanced chemical processing and applications. Channel also announces that it has granted stock options ("Options") to directors, advisors and consultants for the purchase of up to a total of 1,250,000 common shares of the Company
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Mon Mar 8, 2010
Channel Resources Initiates Process Testing Program at Fox Creek Lithium / Potash Brine Project, Alberta
Channel Resources Ltd. announces that a process testing program of a bulk sample of brine from the Fox Creek Lithium / Potash project has commenced. The program has been designed to identify the most efficient and cost-effective methods to produce a variety of mineral products from the brine including lithium carbonate, potash, bromine and borates.
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Thu Feb 18, 2010
Channel Resources Files First Quarter Financial Statements
Channel announces that it has filed its unaudited interim financial statements for the first quarter ended December 31, 2009 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
Read Online
Wed Feb 10, 2010
Channel Resources Closes Private Placement Financing
Channel Resources Ltd. announces that it has closed its non-brokered private placement of units (the "Units") announced on January 29, 2010. The Company has issued 3,786,000 Units at a price of CDN$0.08 per Unit for gross proceeds of $302,880. Each unit is comprised of one common share of the Company ("Common Share") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of CDN$0.11 for a period of 24 months. The proceeds of the private placement will be used to fund exploration and pre-development work on its project portfolio, as well as for corporate development and working capital purposes. This financing has been conducted in addition to the private placement that closed on January 18, 2010, together raising aggregate gross proceeds of $640,880.
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Fri Jan 29, 2010
Channel Resources Announces Non-Brokered Private Placement Financing
Channel Resources Ltd. announces a private placement of up to 4,000,000 units (a "Unit") at a price of CDN$0.08 per Unit. Each Unit will be comprised of one common share of the Company ("Common Shares") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share ("Warrant Share") at an exercise price of CDN$0.11 for a period of 24 months. This financing is being conducted in addition to the private placement that closed on January 18, 2010 due to increasing investor interest, primarily in the assessment and development of the Company's Lithium / Potash brine portfolio in Alberta.
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Mon Jan 25, 2010
Channel Resources Adds Five New Lithium Brine Permits to Alberta Portfolio
Channel Resources Ltd. announces that itit has applied for new mineral permits in five separate blocks in central Alberta. The new permits encompass 435 square kilometers in aggregate, located approximately 300 kilometers southeast of the Company's Fox Creek lithium/potash brine project. Data on lithium content published on January 20, 2010 by the Alberta Geological Survey on ground and formation water geochemistry has enabled Channel to identify these new target aquifers related to Upper Devonian oil and gas pools. Lithium values within these aquifers range up to 140 parts per million in each of the five claim blocks.
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Mon Jan 18, 2010
Channel Resources Conducts Final Closing of Private Placement Financing
Channel Resources Ltd. announces that it has closed the final tranche of its non-brokered private placement of units (the "Units") announced on December 2, 2009. In this closing the Company has issued 1,062,500 Units at a price of CDN$0.08 per Unit for gross proceeds of $85,000. Each unit is comprised of one common share of the Company ("Common Share") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of CDN$0.11 for a period of 24 months. The securities issued pursuant to this tranche of the private placement are subject to a statutory resale restriction period of four months, which expires on May 15, 2010.
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Wed Jan 13, 2010
Channel Resources Announces Oversubscription of Private Placement
Channel Resources Ltd. announces that its private placement described in a news release on December 2, 2009 for up to 3,750,000 units (a "Unit") at a price of CDN$0.08 per Unit has been oversubscribed. The private placement now consists of a total 4,225,000 Units for gross proceeds to the Company of $338,000, including subscriptions accepted by the Company in a partial closing of the financing announced December 21, 2009.
Read Online
Tue Dec 22, 2009
Channel Resources Files Annual Financial Statements
Channel Resources Ltd. announces that it has filed its audited annual financial statements for the year ended September 30, 2009 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
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Mon Dec 21, 2009
Channel Resources Conducts Partial Closing of Private Placement Financing
Channel Resources Ltd. announces a partial close of a private placement announced December 2, 2009, issuing 3,162,500 units at a price of CDN$0.08 per Unit for gross proceeds of $253,000. Each unit is comprised of one common share of the Company ("Common Share") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of CDN$0.11 for a period of 24 months.
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Wed Dec 2, 2009
Channel Resources Announces Non-Brokered Private Placement Financing
Channel Resources Ltd. announces a private placement of up to 3,750,000 units (a "Unit") at a price of CDN$0.08 per Unit. Each Unit will be comprised of one common share of the Company ("Common Shares") and one share purchase warrant (a "Warrant"), with each Warrant being exercisable for one Common Share ("Warrant Share") at an exercise price of CDN$0.11 for a period of 24 months.
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Tue Nov 10, 2009
Channel Resources Appoints Frank Crerie and Richard Schutte to Advisory Committee, Grants Stock Options
Channel Resources announces that it has appointed two new members to its 'Advisory Committee to the Board of Directors': Frank H. Crerie and Richard P. Schutte. Dr. Schutte earned a Ph.D. in Inorganic Chemistry from the University of British Columbia in 1995 and has developed a strong background in advanced chemical processing and applications. Mr. Crerie brings to Channel extensive experience in investment banking, venture capital and corporate finance.
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Wed Oct 7, 2009
Channel Resources Confirms Multi-Product Mineral Potential at Fox Creek Brine Project, Alberta (with map)
Channel Resources is pleased to announce that it has received results from its brine sampling program of 13 producing wells in the Beaverhill Lake gas field at its Fox Creek project in Alberta. The results confirm the potential of the project to produce multiple mineral products from the brine source, including lithium chloride / carbonate, potash, bromine, magnesium chloride and borates.
Read Online
Wed Aug 26, 2009
Channel Resources Files Third Quarter Financial Statements, Extends Warrants
Channel announces that it has filed its unaudited interim financial statements for the third quarter ended June 30, 2009 and, subject to TSX Venture Exchange Approval, has extended warrants issued on September 10, 2007 and October 31, 2007, by two years.
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Mon Aug 17, 2009
Channel Resources Initiates Sampling Program at Fox Creek Lithium / Potash Brine Project, Alberta
Channel announces that a sampling program at the Fox Creek Lithium / Potash project has commenced. The brine will also be tested for other potentially commercial mineral content, including for potassium (a primary element in the production of potash), bromine and boron.
Read Online
Thu May 28, 2009
Channel Resources Files Second Quarter Financial Statements
Channel announces that it has filed its unaudited interim financial statements for the second quarter ended March 31, 2009 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
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Mon May 11, 2009
Channel Resources Releases NI 43-101 Technical Report for the Fox Creek Lithium Brine Project, Alberta
Channel is pleased to announce that a National Instrument 43-101 compliant technical report on the Fox Creek lithium brine project ("Fox Creek") has been filed on the SEDAR system (www.sedar.com). The Fox Creek mineral permits, in which Channel can earn a 100% interest, are situated over oil and gas pools hosted in the Devonian age Beaverhill Lake and the southern Woodbend (Leduc) carbonate reef complexes at a depth of approximately 3,200 metres below surface in west central Alberta. Aquifers composed of formation water brines are spatially associated with these oil and gas pools and contain high concentrations of sodium and calcium chloride and anomalous concentrations of lithium.
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Wed Apr 1, 2009
Channel Resources Forms Advisory Committee to Board of Directors, Grants Stock Options
Channel reports that it has formed an advisory committee to the board of directors to assist the Company in advancing the technical assessment and development of the Fox Creek Lithium Project and the Tanlouka Gold Project, together with its general corporate development strategy. The first appointment to the committee is Mr. Richard Ameli of Calgary, Alberta. Mr. Ameli has over 35 years experience in project management, engineering and construction management, developing large and medium scale oil and gas projects in Alberta and internationally. The Company also announces that it has granted five year stock options to its directors, advisors, officers and consultants for the purchase of up to a total of 870,000 common shares of the Company at an exercise price of $0.10 per share.
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Wed Mar 25, 2009
Channel Resources Expands Fox Creek Permit Increasing Exposure to Alberta's Most Prospective Lithium Brine Targets
Channel announces that it has extended the permit boundaries for the Fox Creek Lithium Brine Project to encompass a larger area of reported high lithium concentrations in underlying brine aquifers.
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Tue Feb 24, 2009
Channel Resources Enters into Option Agreement to Acquire 100% of Fox Creek Lithium Brine Project, Alberta
Channel reports that it has entered into an exclusive option agreement for the acquisition of a 100% interest in the Fox Creek Lithium Brine Project in Alberta. The Company has commissioned a NI43-101 technical report to integrate available data and guide further work on the project. The Company also announces that it has filed its unaudited financial statements for the first quarter ended December 31, 2008 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
Read Online
Thu Jan 22, 2009
Channel Resources Files Annual Financial Statements
Channel announces that it has filed its audited annual financial statements for the year ended September 30, 2008 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period.
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Thu Dec 11, 2008
Channel Appoints IBK Capital Corp to Lead Private Placement Financing; Corporate Update
Channel reports that it has entered into an agreement with IBK Capital Corp. for the arrangement of a private placement equity financing, on a best efforts basis, for up to C$1,000,000. At the Fox Creek Lithium project, a due diligence program has commenced, and at the Tanlouka Gold project, Channel and the project optionor have agreed to extend the term of the option agreement to March 4, 2011. In Ecuador, Channel has determined that in light of the marked recent deterioration of economic and political conditions globaly and locally, it is not in the best interests of the Company to continue investing in the Mozo project and the Company is terminating the option agreement on the property.
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Wed Nov 12, 2008
Channel Resources Enters Into Letter of Intent for Option to Acquire Alberta Lithium Project
Channel announces that it has entered into a Letter of Intent with Polaris Capital Ltd., a private company, for the acquisition of a 100% interest in the Fox Creek Lithium Project, located approximately 200 kilometres west of Edmonton, Alberta.

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Fri Oct 24, 2008
Channel Announces Change in Board of Directors, Provides Update
Channel reports that the Honourable D. Ross Fitzpatrick has retired from the Board of Directors of the Company. The Company continues work to enhance the value in its project portfolio and has reviewed numerous candidates for potential acquisition. Channel continues to monitor political events in Ecuador as the country works to finalize its new mining law, and hopes to capitalize on its existing assets there. In Burkina Faso, the Company has outlined a discrete geophysical anomaly associated with strong geochemistry anomalies at the Tanlouka Gold Project and intends to continue exploration, including a drill program, as market conditions improve.

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Wed Aug 20, 2008
Channel Vends Remaining Interest in Bombore Gold Project
Channel reports that it and Solomon Resources Ltd. have reached an agreement with Orezone Resources Inc. to vend their remaining interests in the Bombore Gold Project, Burkina Faso, to Orezone. Consideration for the remaining interest in Bombore is for 1,000,000 fully paid and non-assessable common shares in Orezone shared between Channel (550,000 shares) and Solomon (450,000 shares), subject to a four month hold period. The Company also reports that it has filed its third quarter financial statements for the period ended June 30, 2008 on the SEDAR system, together with its management discussion and analysis for the same period.

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Wed Jul 30, 2008
Channel Resources Update
Channel reports on field programs recently completed on the Tanlouka Gold Project in Burkina Faso and on the West Bienville Uranium Project in Quebec. The Company also announces that Colin McAleenan, President and CEO of Channel, has been appointed Chairman of the board of directors.

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Wed May 21, 2008
Channel Expands & Advances West Bienville Uranium Project, Completes Geophysics at Tanlouka Gold Project
Channel reports that it has extended the West Bienville Uranium Project license area in northern Quebec following a trend of uranium anomalies spatially associated with a regional scale fault. Field follow-up investigations of these anomalous trends will commence shortly. At the Tanlouka Gold Project, 30 line kilometers of IP and ground magnetometry surveys have now been completed and are expected to aid in the definition of drill targets. The Company also reports that its second quarter financial statements have been filed.

Read Online
Tue Apr 22, 2008
Channel Defers Exploration Activities in Ecuador
  • 'Mining Mandate' in Ecuador effectively imposes a moratorium on all exploration activities in the country until a new mining law is enacted, cancels all applications for new mineral concessions, and the imposes a three-concession limit on companies and individuals.
  • Channel and Azimut Exploration Inc. have agreed to extend the Option Period during which the Company has the exclusive option to acquire projects in Ecuador under the Strategic Alliance between the two companies to July 9, 2008
  • Channel has reached an agreement with Minera Cachabi C. Ltda. to suspend its expenditure commitments under its option agreement for the Mozo gold project in southern Ecuador for a period of six months from March 1, 2008.
  • Actively Engaged on Projects in Quebec (Uranium) and Burkina Faso (Gold)
  • Assessing New Projects for Acquisition

Read Online
Fri Feb 29, 2008
Channel Reports on Mozo Project Drilling and Metallurgical Results
Channel Resources Ltd. announces that it has received assay results from a six-hole core drilling program totaling 1,784 meters which was completed late in 2007 on the Mozo Gold Project in Azuay Province, Ecuador, together with results from leach response and diagnostic tests conducted on sulphide mineralization from the Indira Zone.

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Thu Feb 14, 2008
Initial Resource Estimate Issued for Bombore Gold Project, Burkina Faso
Channel Resources Ltd. reports that Orezone Resources Inc. has released the results of a NI 43-101 compliant gold resource estimate (576,000 oz Indicated and 501,000 oz Inferred Resources) for the Bombore Project in Burkina Faso, West Africa, in which the Company holds a significant interest. Channel also reports the filing of its financial report for the first quarter ended December 31, 2007

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Fri Jan 18, 2008
Channel Issues Options, Files Annual Financial Statements
Channel Resources Ltd. 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. 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.

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Thu Dec 13, 2007
Channel Completes Drilling at El Mozo, Discovers Radiometric Anomaly at West Bienville, Renews Tanlouka Exploration License
Channel provides the following update on its exploration activities in Ecuador, Canada and Burkina Faso.
  • A six-hole core drilling program totalling 1,784 metres has been completed on the Mozo Gold Project in Azuay Province, Ecuador.
  • A helicopter-borne survey over the West Bienville Uranium Project in Quebec indicate the presence of two high-priority radiometric anomalies
  • Channel has been officially informed that the 105 square kilometer Tanlouka concession in Burkina Faso has been extended by the Ministry of Mines for another three years.
Read Online
Thu Nov 15, 2007
Channel Appoints Chief Financial Officer, Grants Options
Channel Resources Ltd. announces that, as a final step in the move of Channel's head-office from Kelowna to Vancouver, Mr. Gordon Pettman has stepped down as Chief Financial Officer of the Company effective immediately, and Mr. Cyrus Ameli, currently Vice President Corporate Affairs, has been appointed in his place. The company also announces that it has granted an aggregate of 650,000 incentive stock options at a price of $0.155 cents per share to directors, officers and consultants.

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Wed Oct 31, 2007
Channel Closes Final Tranche of Private Placement Financing
Channel Resources Ltd. announces that it has closed the final tranche of its non-brokered private placement of units announced on August 21, 2007. In this tranche, 2,243,334 Units were issued at a price of $0.18 per Unit for gross proceeds of $403,800, bringing the total amount raised in this private placement to $1,327,501.

Read Online
Thu Oct 18, 2007
Channel Commences Drill Program at El Mozo Gold Project, Ecuador
Channel Resources Ltd. announces that a core drilling program for the Mozo Gold Project in Ecuador is commencing. Untested geophysical anomalies in the vicinity of surface mineralization and/or alteration as well as deeper levels in the Indira mineralized system are the initial targets of this minimum 1,800 metre program. The results of the 2007 drill program will assist the Company in determining the potential for the project to contain significantly larger gold resources, will help to direct further exploration programs and will contribute to an updated resource estimate for the project to be conducted in 2008.

Read Online
Thu Oct 4, 2007
Channel Announces Extension of Private Placement Closing Date
Channel Resources Ltd. announces an extension of the closing date of the final tranche of its private placement financing announced on August 21, 2007. The placement is expected to close by October 31, 2007.

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Fri Sep 28, 2007
Channel Advances El Mozo, Tanlouka and West Bienville Projects
Channel Resources Ltd. announces that a drilling program for the Mozo Gold Project in Ecuador has been arranged, a first-phase exploration program has been completed at the Tanlouka Gold Project in Burkina Faso and a helicopter-borne geophysical survey is being flown over the West Bienville uranium project in Quebec.

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Mon Sep 10, 2007
Channel Closes First Tranche of Private Placement Financing
Channel Resources Ltd. announces that it has closed the first tranche of its non-brokered private placement announced on August 21, 2007, issuing an aggregate of 5,131,670 units at a price of $0.18 per Unit for gross proceeds of $923,700.

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Tue Sep 4, 2007
Channel and Azimut Sign Letter of Intent on West Bienville Uranium Property in Northern Quebec
Channel Resources Ltd. is pleased to announce the signing of a Letter of Intent with Azimut Exploration Inc. to earn a majority interest in the West Bienville Uranium Property in Northern Quebec.

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Tue Aug 21, 2007
Channel Announces Amendment to Non-Brokered Private Placement Financing
Channel Resources Ltd. announces that, due to the effects of recent market-wide events, it has amended the terms to its non-brokered private placement financing originally announced on July 23, 2007 to more closely reflect prevailing conditions.

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Mon Jul 23, 2007
Channel Announces Non-Brokered Private Placement Financing
Channel Resources Ltd. announces a private placement of up to 10,000,000 units (a "Unit") at a price of CDN$0.21 per Unit.

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Wed Jul 11, 2007
Channel and Azimut Form Strategic Alliance for Ecuador
Channel Resources Ltd. and Azimut Exploration Inc. have signed an Agreement forming a Strategic Alliance for mineral exploration in Ecuador, South America. Under the terms of this Agreement, Azimut is to supply a report based on its country-wide mineral potential assessment aimed at identifying major exploration targets, thereby assisting Channel in assembling a portfolio of projects with the best potential for hosting large scale mineral deposits.

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Mon Jun 25, 2007
Channel Resources Appoints Exploration Manager - Ecuador, Head office Relocated to Vancouver / Stock Options
Channel Resources Ltd. is pleased to announce the appointment of Mr. Osman Poma as the Company's Exploration Manager for Ecuador and the General Manager of the Company's wholly owned subsidiary Channel Mining Resources del Ecuador S.A. The Company also announces that effective immediately its management head office, as well as its registered and records offices, have moved from Kelowna, British Columbia to Vancouver.

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Wed Jun 13, 2007
Change of Directors / Stock Options
Channel Resources Ltd. is pleased to announce that effective June 13, 2007 Mr. Louis W. MacEachern has been appointed a Director of the Company and Mr. Cyrus Ameli has been appointed a Director and Vice President, Corporate Affairs of the Company.

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Wed May 2, 2007
Change of Management Structure
Channel Resources Ltd. is pleased to announce that Mr. Colin McAleenan, P.Geo., has been appointed a Director, President and CEO of the Company effective May 2, 2007.

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Mon Apr 23, 2007
Update
Channel Resources Ltd. announces that management is assessing the exploration work to date and considering the options of additional drilling of the Indira/Freddy Zones at the El Mozo Property and conducting metallurgical work on the Indira core for pre-feasibility or deep drilling to test at depth the possibility of an epithermal system lying beneath the existing ore zones at El Mozo.

Read Online
Fri Mar 2, 2007
Stock Options / Appointment of Officer
Channel Resources Ltd. announces the Company implemented its 2004 Stock Option Plan (the "Plan"), which Plan was approved by the TSX Venture Exchange and by the shareholders of the Company in March 2004 and again in March 2005 and March 2006.

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Wed Jan 17, 2007
Channel Resources Ltd. Update
Channel Resources Ltd. announces its next phase exploration program on its El Mozo Property, Ecuador will begin spring 2007 rather than January 2007 due to drilling rig availability.

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Wed Dec 13, 2006
Channel Resources Ltd. Completes $1.5 Million Private Placement
Channel Resources Ltd. announces that it has completed its previously announced private placement of units ("Units") of the Company for gross proceeds of $1.5 million.

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Fri Oct 27, 2006
Private Placement
Channel Resources Ltd. has agreed to enter into a letter of engagement with Quest Securities Corporation pursuant to which the Agent, as the agent of the Company, will agree to offer for sale by way of private placement, on a best efforts basis, up to 7,500,000 units at a subscription price of $0.20 per Unit.

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Thu Sep 28, 2006
Channel Intersects 65.5 metres 1.6 g/t Gold at El Mozo Property, South Central Ecuador
Channel Resources Ltd. is pleased to announce the completion of the 2,850 metre second phase diamond drilling program at the El Mozo Project in the Province of Azuay in South Central Ecuador.

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Mon Jun 26, 2006
El Mozo Gold Property Ecuador
Channel Resources Ltd. is pleased to announce that a 3000 metre second phase of drilling at the El Mozo Project in the Province of Azuay in South Central Ecuador is underway. This program will follow up on the positive results achieved in Phase 1 drilling at the project where 14 of 16 holes encountered mineralization in excess of 1 gram per tonne with widths of up to 75 metres in individual holes.

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Mon May 1, 2006
Assays Results from Channel Resources Ltd.'s First Drill Program Establishes a 1400 Metre Mineralized Strike Zone on the El Mozo Gold Property Ecuador
Channel Resources Ltd. ("Channel") is pleased to announce that the drill hole assay results of the final seven holes of its first phase drilling program has defined a continuous 1400 metre gold mineralized strike length of the Indira Zone on its El Mozo Gold Property.

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Thu Apr 6, 2006
Grant of Stock Options
Channel Resources Ltd. announces that a stock option for 50,000 shares has been granted to an officer of the Company pursuant to the Company's 2004 Stock Option Plan exercisable at a price of Cdn$0.32 per share expiring April 4, 2009.

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Tue Apr 4, 2006
Appointment of Officer / Grant of Stock Options
Channel Resources Ltd. announces that Mr. Shawn VanderMeer, CA has been appointed Vice President, Chief Financial Officer and Controller.

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Mon Mar 27, 2006
Channel Resources Ltd. Intercepts Significant Gold Mineralization in the Freddy Zone on the El Mozo Property, Ecuador
Channel Resources Ltd. is pleased to announce first phase results of drilling in the Freddy Zone situated approximately one km northeast of the Main Indira Zone.

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Wed Mar 15, 2006
Drilling Extends Indira Zone by 350 Metres on Channel Resources Ltd.'s El Mozo Gold Property, Ecuador
Channel Resources Ltd. ("Channel") is pleased to announce the extension of the Indira zone by approximately 350 metres to the northwest of previously announced holes MDH 073 to MDH 075 on its El Mozo Gold Property, Ecuador.

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Fri Mar 3, 2006
Stock Options
Channel Resources Ltd. announces the Company implemented its 2004 Stock Option Plan (the "Plan"), which Plan was approved by the TSX Venture Exchange and by the shareholders of the Company in March 2004 and again in March 2005.

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Tue Feb 28, 2006
Channel Resources Ltd. Intersects Signficant Gold Mineralization at the El Mozo Property, Ecuador
Channel Resources Ltd. ("Channel") is pleased to announce that the first phase of its exploration campaign on the El Mozo gold property in South Central Ecuador is nearing completion. Early results are highlighted by Drill Hole MDH-075 with an intersection of 2.08 grams per tonne over 11.86 metres true width and by Drill Hole MDH-074 with an intersection of 2.85 grams per tonne over 9.71 metres true width returned for the Indira zone.

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Wed Jan 18, 2006
El Mozo Property, Ecuador
Channel Resources Ltd. ("Channel") announces its first year drilling program on its El Mozo Property in South Central Ecuador is underway.

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