CORRECTION FROM SOURCE: McChip Resources Announces Dividend

TORONTO, ONTARIO--(Marketwire - April 7, 2011) - A correction from source is being issued with respect to the release issued April 06, 2011 at 4:30 pm ET. The "ex dividend date" has been amended to "April 11, 2011."

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 April 11, 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 Saskatchewan Inc. and investment income.