CBA Champion Bear Resources Ltd

Champion Bear Resources Ltd. ("Champion Bear" or the "Company") (TSX
VENTURE:CBA) is pleased to provide an exploration update on its Parkin Offset
Cu-Ni-Pt-Pd-Au properties in the Sudbury mining camp. Two holes totaling 1,507
metres and additional down-hole geophysical surveys have been completed.
Wallbridge Mining Company Limited ("Wallbridge") is the operator and together
with joint venture partner Impala Platinum Holdings Limited ("Impala"), the
world's second largest primary platinum producer, have allocated a minimum of
$600,000 dollars to the 2009 exploration program on the Champion Bear Parkin
Offset dyke properties in Sudbury, Ontario. 


At Champion Bear's Brady property (under option to the joint venture), drilling
tested radio-imaging target "RIM-A" and intersected favourable Offset dyke
geology over 800 metres. Additional RIM surveying, utilizing the new hole, has
enhanced the size and location of the target and indicates that the source of
the response is larger and slightly deeper than indicated by the original
survey. The target is coincidental with an interpretive one kilometre long north
plunging conductive trend defined by several UTEM4 and RIM anomalous responses.
Additional drill and survey work have been proposed to determine the source of
the conductive response "RIM-A". 


Particularly encouraging for the potential of the Brady target area, are the
results reported by Wallbridge from the Parkin Offset dyke on its Milnet Mine
property located 600 metres to the north. On November 13, 2009, Wallbridge
reported that drilling has intersected a 14.2 metre interval grading 8.00 grams
per tonne TPM (1.50 g/t platinum + 2.52 g/t palladium + 3.99 g/t gold), 2.57 %
copper and 0.78 % nickel over 14.24 metres starting from 1499.66 down hole (see
Wallbridge news release dated November 13, 2009). 


Richard Kantor, President of Champion Bear reported: "We are very excited about
the significant new intersection made by Wallbridge and the potential for
similar metal-rich zones at Brady. The results of the recent RIM survey has
enhanced and refined the location of the Brady target which remains unexplained
and possibly occurs up-plunge of the new intersection. Based on this recent
success, the large amount of untested Offset dyke, and the favourable results of
the geophysical survey, we believe the Parkin dyke will continue to yield
significant high-grade, multi-metal intersections that will lead to the
discovery of a new precious and base metal-rich sulphide deposit." 


Champion Bear's Parkin Offset properties cover 7.5 kilometers of the Parkin
Offset Dyke in Sudbury, Ontario including the Brady showing. Offset dykes are
very attractive exploration targets in Sudbury as demonstrated by new mine
development projects at Totten and Copper Cliff by Vale Inco. 


Wallbridge can earn a 50% interest in Champion Bear's blocks of claims by
spending $2 million by August 19, 2011. Wallbridge may then increase its
interest in the property to 75% by completing a definitive feasibility study on
a deposit, which is in whole or in part on the property and funding Champion
Bear's portion of development expenditures as a loan against Champion Bear's
portion of the proceeds of production. (See Wallbridge press release dated April
28, 2008). 


The Qualified Person responsible for the technical content of this press release
is Rob Foy, P. Geo., a qualified person, of Foy Geological Services, Champion
Bear's consulting geologist. 


About Champion Bear 

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 24,000
hectares. 


This news release contains forward-looking statements concerning, without
limitation, the timing and composition of the surveying, sampling, prospecting,
mapping, drilling, exploration and expenditure 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
expressly required by applicable securities laws. 


To view the Parkin Joint Venture map, please click the following link:
http://media3.marketwire.com/docs/1117cba.pdf

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