CHU Channel Resources Ltd.

Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) is pleased
to announce that it has earned its 100% interest in the Fox Creek Mineral Brine
Project ("Fox Creek"). The terms of the project acquisition were as described in
an option agreement announced on February 24, 2009 and a recent amendment
thereto allows the Company to complete the earn-in 10 months earlier than
originally contemplated.


The original option agreement with Polaris Capital Inc. granted to Channel the
right to acquire a 100% interest in the project, upon payment of $10,000 and
1,000,000 common shares of Channel to Polaris Capital Ltd. ("Polaris") upon
execution and on each of the first four anniversary dates of the Agreement. The
amendment agreement has allowed Channel to forego the last payment of 1,000,000
common shares so that as of April 25th Channel owns 100% of the project outright
with Polaris retaining a 2% gross sales proceeds royalty, which is purchasable
for consideration of C$2,000,000.


Filing of Resource Estimate Technical Report 

Channel also announces that it has filed a technical report pursuant to National
Instrument 43-101 ("NI 43-101") in support of the Company's March 19, 2012 news
release announcing the initial resource estimate for Fox Creek, located near the
town of Fox Creek in Alberta, Canada. 


The report, titled "Maiden Li-K-B-Br-Ca-Mg-Na Resource Estimate Report on
Lithium-Enriched Formation Water, Fox Creek Property, Swan Hills Area,
West-Central Alberta" (the "Technical Report"), with an effective date of March
25, 2012, was prepared for Channel by APEX Geoscience Ltd. and Hydrogeological
Consultants Ltd., and authored by Roy Eccles, M.Sc., P. Geol., Michael Dufresne,
M.Sc., P. Geol., Kyle McMillan, M.Sc., Geol. I.T., Jim Touw, B.Sc., P. Geol.,
Roger John Clissold, M.Sc., P. Geol. The resource model and brine resource
estimate was supervised by Mr. Michael B. Dufresne, M.Sc., P.Geol., President of
APEX Geoscience Ltd. of Edmonton, Alberta, who is an 'Independent Qualified
Person' as defined in the instrument. The Technical Report is available under
the Company's profile on the Canadian System for Electronic Document Analysis
and Retrieval (SEDAR) at www.sedar.com and on the Company's website at
www.channelresources.ca.


About Channel Resources Ltd.

Channel Resources Ltd. is a Canadian TSX.V listed mineral exploration Company
which has a 90% interest in the Tanlouka Gold Project in Burkina Faso, West
Africa and a 100% interest in the Fox Creek Lithium / Potash Brine Project in
Alberta. At Tanlouka, Channel has recently discovered multiple mineralized zones
that are followed up with more than 25,000 metre of drilling, with a maiden
resource estimate for the Mankarga 5 deposit expected in the spring of 2012. At
Fox Creek, the Company is developing a process flow sheet, based on data
collected through experimentation on a bulk sample of the brine, to determine
the most efficient sequence of methods to produce various industrial minerals
from the brine, including salt, lithium carbonate, potash, bromine and borates. 


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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