CHU Channel Resources Ltd.

Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) is pleased
to announce the appointment of Ms. Christina Yip BBA, CMA as Chief Financial
Officer and Corporate Secretary of the Company. Ms. Yip assumes the role from
Mr. Cyrus Ameli who has transitioned to the new position of Senior Vice
President, with a focus on corporate development. Both changes are effective
October 3, 2011.


Ms. Yip brings to Channel over 20 years of experience in public company finance,
regulatory compliance, and corporate administration and development with
multiple publicly listed companies. She served as Vice President of Finance and
Administration for Cardiome Pharma Corp., a TSX and NASDAQ listed pharmaceutical
company, and was a key figure of a management team that saw market
capitalization grow from $30 million to $750 million from 1998 to 2006. Ms. Yip
has served as Chief Financial Officer of Pacgen Biopharmaceuticals Corporation,
a TSX-V listed company, since 2006 and has played key roles in transitioning the
company through many stages of development, including its initial public
offering. Previous to these appointments, Ms. Yip was involved with a management
company that oversaw a portfolio of publicly listed mining and exploration
companies.


Mr. Ameli, who is also a director of the Company, is a business professional
with over fifteen years experience in corporate development, marketing and
finance. His areas of expertise include financial management, communications,
project management and community relations, gained through senior and consulting
positions with a number of public and private companies.


"The discovery of the emerging gold deposit on the Company's Tanlouka project in
Burkina Faso has required a shift to a more dedicated approach on development
issues, prompting these management changes," said Colin McAleenan, President and
CEO of Channel Resources Ltd. "We welcome Ms. Yip as our new Chief Financial
Officer; her demonstrated expertise and leadership skills will be a great
addition to our team as we enter a new phase of Channel's growth."


Grant of Options

Channel also announces that it has approved the grant of stock options
("Options") to officers of the company as well as to certain consultants
effective October 1, 2011 for the purchase of up to a total of 495,000 common
shares of the Company at an exercise price of $0.30 per share. The Options have
a term of five years, are subject to vesting provisions, and are governed by the
Company's Stock Option Plan, pursuant to which Options may be granted up to a
maximum of 10% of the issued and outstanding common shares of the Company from
time to time.


About Channel Resources Ltd.

Channel Resources Ltd. is a Canadian TSX.V listed mineral exploration Company
that has a 90% interest in the Tanlouka Gold Project in Burkina Faso, West
Africa and an option to earn 100% in the Fox Creek Lithium / Potash Brine
Project in Alberta. At Tanlouka, Channel has discovered multiple mineralized
zones that are now being drill tested, with a first resource estimate expected
in Q1, 2012. At Fox Creek, a bulk sample of brine sourced from producing natural
gas wells is undergoing process testing to determine the most efficient method
of producing various industrial minerals from the brine, including lithium
carbonate, potash, bromine and borates. The Company is well financed to advance
both projects and is actively searching for additional opportunities to expand
its project portfolio.


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.

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