MCS McChip Resources Inc

McChip Resources Inc. (TSX VENTURE: MCS) is pleased to announce the declaration of an eligible dividend in the amount of $0.05 per common share, payable on October 8, 2008 to shareholders of record on October 1, 2008, the ex dividend date will be September 29, 2008.

It is the current intention of the company to continue to pay dividends, the amounts and the payment dates, to be determined after a review of cash available from oil and gas operations, the commencement of royalty payments from Potash Corporation of Saskatchewan Inc. and investment income.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contacts: McChip Resources Inc. Edward G. Dumond Secretary Treasurer (416) 364-2173 (416) 364-0193 (FAX)