The Company also announces that, subject to TSX Venture Exchange approval, it has extended the term of warrants issued pursuant to a private placement announced August 21, 2007. The warrants were issued in two closing tranches at an exercise price of C$0.30 and are to be extended by two years as follows:
----------------------------------------------------------------------- ----- Private Placement Original Warrant Number of Tranche Closing Date Expiry Date Warrants New Expiry Date ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- September 10, 2007 September 10, 2009 5,131,670 September 10, 2011 ---------------------------------------------------------------------------- October 31, 2007 October 31, 2009 2,243,334 October 31, 2011 ----------------------------------------------------------------------------
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Channel Resources Ltd. Colin McAleenan President & CEO 604.684.7098 Channel Resources Ltd. Cyrus Ameli CFO & VP Corporate Affairs 604.684.7098 604.684.7079 (FAX) info@channelresources.ca www.channelresources.ca
SOURCE: Channel Resources Ltd.
mailto:info@channelresources.ca http://www.channelresources.ca

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