MCS McChip Resources Inc

McChip Resources Inc. (TSX VENTURE: MCS) is pleased to announce the declaration of a regular dividend in the amount of $0.10 per common share, payable on April 20, 2011 to shareholders of record on April 13, 2011, the ex dividend date will be December 13, 2011.

It is the current intention of the company to continue to pay dividends, the amounts and the payment dates, to be determined after a review of cash available from oil and gas operations, the commencement of royalty payments from Potash Corporation of Saskatachewan Inc. and investment income.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contacts: McChip Resources Inc. Edward G. Dumond Secretary Treasurer 416.364.2173 416.869.3965 (FAX)