XCB iShares Core Canadian Corporate Bond Index ETF

(TSX: XBB)(TSX: XCB)(TSX: XDV)(TSX: XEB)(TSX: XEI)(TSX: XFN)(TSX: XGB)(TSX: XHY)(TSX: XIG)(TSX: XLB)(TSX: XRE)(TSX: XSB)(TSX: XTR)(TSX: XHB)(TSX: XPF)(TSX: XUT)

BlackRock Asset Management Canada Limited, an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the May 2011 cash distributions for the sixteen iShares funds listed on the Toronto Stock Exchange which pay on a monthly basis. Unitholders of record on May 30, 2011 will receive cash distributions payable on May 31, 2011. Details of the "per unit" distribution amounts are as follows:

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                                                                        Cash
                                                                Distribution
Fund Name                                         Fund Ticker   Per Unit ($)
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iShares DEX Universe Bond Index Fund                      XBB        0.09377
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iShares DEX All Corporate Bond Index Fund                 XCB        0.07515
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iShares Dow Jones Canada Select Dividend Index
 Fund                                                     XDV        0.04628
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iShares S&P/TSX Equity Income Index Fund                  XEB        0.06926
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iShares J.P. Morgan USD Emerging Markets Bond
 Index Fund (CAD-Hedged)                                  XEI        0.05073
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iShares S&P®/TSX® Capped Financials Index
 Fund                                                     XFN        0.06520
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iShares DEX All Government Bond Index Fund                XGB        0.05699
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iShares U.S. High Yield Bond Index Fund (CAD-
 Hedged)                                                  XHY        0.12776
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iShares U.S. IG Corporate Bond Index Fund
 (CAD-Hedged)                                             XIG        0.07641
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iShares DEX Long Term Bond Index Fund                     XLB        0.07408
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iShares S&P/TSX Capped REIT Index Fund                    XRE        0.06133
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iShares DEX Short Term Bond Index Fund                    XSB        0.07828
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iShares Diversified Monthly Income Fund                   XTR        0.06000
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iShares DEX HYBrid Bond Index Fund                        XHB        0.08495
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iShares S&P/TSX North American Preferred Stock
 Index Fund (CAD-Hedged)                                  XPF        0.06414
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iShares S&P/TSX Capped Utilities Sector Fund              XUT        0.06555
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Further information on iShares funds can be found at www.iShares.ca.

About BlackRock®

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2010, BlackRock's AUM was US$3.561 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions™. Headquartered in New York City, as of December 31, 2010, the firm has approximately 9,100 employees in 25 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.

About iShares® ETFs

The iShares business is a global product leader in ETFs with over 410 funds globally across equities, fixed income and commodities, which trade on 16 exchanges worldwide. The iShares funds are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell securities through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors.

Contacts: Contact for Media: Veritas Communications Lisa An T - 416-955-4587 or C - 647-292-2478 an@veritascanada.com