CBA Champion Bear Resources Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Champion Bear Resources Ltd. (TSX VENTURE:CBA) ("Champion Bear" or the
"Company") announced today that it intends to complete a private placement for
up to 2,000,000 common shares of the Corporation at a price of $0.25 per share
for total gross proceeds of up to $500,000, subject to receipt of all applicable
regulatory approvals.


Champion Bear intends to use the proceeds of the offerings for its exploration
programs on its wholly-owned Eagle Rock Cu-Au-PGE Property located near Dryden,
Ontario and its wholly-owned Iron Mask Property located in Sudbury, Ontario and
for general corporate purposes. At the Eagle Rock Property, Champion Bear
intends to continue its detailed data compilation and plans to conduct a summer
geological mapping, sampling, and prospecting program to determine the nature
and extent of the Campbell Zone mineralization along strike to the northwest and
southeast. The Company has recently completed a diamond drilling program of
2,500 metres at the Campbell Zone and assay results are pending. Further
drilling will be undertaken. In the Sudbury area, the Company is currently
reviewing all data and plans additional work based on recommendations of the
Company and its Joint Venture partners. The Property overlies favourable ground
for both Sudbury Ni-Cu-Co Offset Dyke and polymetallic (Olympic Dam-style)
geological environments. Rob Foy, P.Geo., a qualified person, of Foy Geological
Services, Champion Bear's consulting geologist, will be overseeing the
exploration programs.


All securities issuable under the private placements will be subject to a hold
period of four months and one day from the closing date.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction. The securities offered have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
except in certain transactions exempt from the registration requirements of the
U.S. Securities Act.


Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. The Company's primary target is
platinum group and precious metals and to a lesser extent polymetallic base
metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create
shareholder value through selective property acquisition and joint venture
followed by focused exploration emphasizing drilling. The Company has assembled
a large land position in the Dryden and Sudbury areas, totaling over 16,000
hectares.


This news release contains forward-looking statements concerning the timing and
composition of the exploration programs to be completed on certain of Champion
Bear's mineral properties which are based on Champion Bear's current internal
expectations, which may prove to be incorrect. These statements are not a
guarantee of future performance and undue reliance should not be placed on them.
Such forward-looking statements necessarily involve known and unknown risks and
uncertainties that are common to junior mineral exploration companies. These
risks and uncertainties include, among other things, Champion Bear's need for
additional funding to continue its exploration efforts, changes in general
economic, market and business conditions; and competition for, among other
things, capital and skilled personnel. The Company undertakes no obligation to
update or revise any forward-looking statements except as required by applicable
securities laws.

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