July 30, 2008

Vancouver, BC - Channel Resources Ltd. ("Channel" or the "Company", TSX.V:CHU) reports on field programs recently completed on the Tanlouka Gold Project in Burkina Faso and on the West Bienville Uranium Project in Quebec.

Tanlouka Gold Project

A total of 30 line-kilometers of gradient IP and ground magnetic surveys were conducted recently on the Tanlouka Gold Project in Burkina Faso by Sagax Afrique S.A . The survey was conducted at the southern end of the concession, overlapping with the northern part of the area covered by a soil sampling program completed last year.

The survey has identified north-east and north-northwest trending zones as well as an interpreted circular feature that is truncated by the northern edge of the grid.

A separate 1,300 metre long by up to 200 metres wide north-northwest trending zone was also outlined, characterized by high chargeability and high resistivity consistent with what the Company believes to be the presence of a siliceous zone of potentially gold-bearing sulphide mineralization. This zone is located on the west-central part of the grid and is spatially associated with a rotary air-blast shallow drill hole fence (drilled in 2000) that intersected gold mineralization with a grade of up to 12.70 grams per tonne over 8 metres. Other evidence of gold mineralization on this trend include rock samples taken during reconnaissance mapping that yielded multi-gram assays (up to 7.29 grams gold per tonne) and anomalous soil samples (100-200ppb gold).

This gradient IP and ground magnetic survey has provided a structural framework for previous indications of gold mineralization in the southern portion of the property and has defined at least one structural drill target. Follow-up work will likely include drilling and an extension of the geophysics grid.

West Bienville Uranium Project

At the West Bienville project in Northern Quebec, Channel and partner Azimut Exploration Inc. recently completed field follow-up investigations of the uranium anomaly originally identified in lake-bottom sediments and supported by a 2007 airborne radiometric survey. This uranium footprint, as well as other geochemical parameters and magnetic data suggested potential for the area to host intrusion-related and/or structurally-related uranium mineralization.

The field investigations indicate that the West Bienville anomalies are generated by outcrops and boulder fields of granite with relatively high background radiation (200-300 counts per second). A few localized spot highs of up to 1,250 counts per second were encountered from narrow pegmatoidal zones within the granite. Samples of the host granite and the anomalous pegmatoidal zones have been sent to the SRC Geoanalytical Laboratories in Saskatoon for analysis.

The lake-bottom geochemistry anomaly as well as the airborne radiometric uranium anomalies at West Bienville appear to have been explained by these results; however, levels of radiation detected indicate only weakly anomalous source rocks. Once the Company has received the rock analyses it will assess the need for future work programs on the project.

Corporate Update

Mr. Colin McAleenan, President and CEO of Channel, has been appointed Chairman of the board of directors. He succeeds the Honourable D. Ross Fitzpatrick who has stepped down from the position in which he has served since 1996. The Company extends its appreciation to Mr. Fitzpatrick and looks forward to his continued contributions as a member of the board.

"Channel Resources continues to refine its mineral property portfolio with the aim of creating value through the discovery of new mineral deposits", commented Mr. McAleenan. We are taking a close look at several acquisition opportunities in the Americas that can enhance the Company's asset base, while continuing to monitor political developments in Ecuador for signs of improvement in the political climate there for foreign investment."

The above information has been prepared under the supervision of Colin H. McAleenan, P.Geo, who is the Company's "Qualified Person" under the definition of NI 43-101.

For further information, contact:
Colin McAleenan, President and CEO
Cyrus Ameli, CFO & VP Corporate Affairs
Telephone 604.684.7098
info@channelresources.ca

Forward Looking Statements:
Some of the statements contained herein may be 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 mineral commodities, 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.

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