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Gold & Precious Metal Prices

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July 13, 2011 - Gold On A Record-Breaking Roll - Toronto Star Article by Lisa Wright, Business Reporter

Gold prices have reached a new record high and are expected to top $2,000 U.S. an ounce later this year amid the recent flurry of anemic U.S. economic data and new fears that Europe’s debt crisis will spread.

“It’s pretty amazing. Gold is really the ‘it’ thing,” said mining analyst Barry Allan of Mackie Research Capital in Toronto.

“I remember not long ago when it hit $500 and people were cheering about that,” he said.

After a steady climb from $1,495 on July 4, bullion shot up another $23.30 U.S. an ounce to close at $1,585.20 in New York Wednesday. And the gold bugs say it’s just a preview of more good times to come for the often fickle precious metal.

For release to Journalist and the Financial and Business sector

Canwealth Minerals Corporation's Lake View property hits positive for Gold and Platinum.

New York, Montreal, July 7, 2011– Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),) announced today that its Lake View project which is located in the Regional county of Abitibi 55km northwest of Amos Quebec in the prolific Abitibi Greenstone Belt. It is comprised of 64 claim cells totaling 8951 acres. This VMS ( Volcanogenic massive sulfide ) formation is considered a highly favorable site for exploration for gold, silver, copper, nickel and PGE ( platinum group elements ).

The Lake View claim, has received positive results from AGAT Laboratories assay office for Gold and Platinum.