Channel Resources Grants Stock Options

Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) announces
that it has granted incentive stock options ("Options") to directors, management
and consultants for the purchase of up to a total of 2,625,000 common shares of
the Company at an exercise price of $0.15 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 and Option Grant Policy, 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. All shares issuable pursuant to the exercise of
Options are subject to a four-month hold period commencing from the date the
Options are granted. 


About Channel Resources Ltd.

Channel Resources Ltd. is a Canadian TSX.V listed mineral exploration Company
with a 90% interest in the Tanlouka Gold Project in Burkina Faso, West Africa.
At Tanlouka's Mankarga 5 deposit, a NI 43-101 compliant Mineral Resource
Estimate, including Indicated Mineral Resources of 14.1 million Tonnes at 0.94
g/t Au for 425,000 gold ounces and Inferred Mineral Resources of 29.1 million
Tonnes at 0.78 g/t Au for 729,000 gold ounces, has recently been released (see
news issued on July 19, 2012). The Company plans to undertake programs to
advance and increase the size of the Mankarga 5 deposit as well as to follow up
on the substantial exploration potential of other targets within the 79 square
kilometre permit.


The Company also has a 100% interest in the Fox Creek Mineral Brine Project in
Alberta, where it is assessing the project's potential to produce a package of
industrial mineral products, including salt, lithium carbonate, potash, bromine
and borates, from brine produced from natural gas wells. A NI 43-101 compliant
Mineral Resource Estimate has also recently been published for Fox Creek,
details on which can be found in a news release issued by Channel on March 19,
2012 and in a technical report filed on SEDAR on April 30, 2012 and available on
the Company's website.


Some of the statements contained herein are forward-looking statements involving
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.

Channel Resources Ltd. (TSXV:CHU)
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