CBA Champion Bear Resources Ltd

Champion Bear Resources Ltd. ("Champion Bear" or the "Company")(TSX VENTURE:CBA)
announces today that updated property presentations are available on the
Company's website www.championbear.com concerning the Company's properties
including its 100% held Eagle Rock copper-platinum-palladium-gold and Plomp Farm
gold properties, both located in the Dryden area of northwestern Ontario. The
Company continues to focus its exploration efforts on these advanced 100% held
properties and is currently evaluating all of its options to maximize the value
of Eagle Rock and Plomp Farm including consideration of potential joint venture
opportunities. In Sudbury, the Company has rationalized the value of its 100%
held Iron Mask property as well as the Hess and Ermatinger Joint Ventures ("JV")
which the Company has previously announced will not be participating in the 2012
work program. The Company maintains a 50% carried interested in the Parkin JV
property located along the Parkin Offset Dyke in northeast Sudbury.


Champion Bear is also pleased to announce that at the Company's Annual General
Meeting held on November 19, 2012 in Calgary, Alberta Richard Kantor, President
of Champion Bear; David Haig, Q.C.; Mark Stachiw MBA; and Rob Foy P.Geo. were
re-elected as directors of the Company. 


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.


This news release contains forward-looking statements concerning plans to focus
exploration efforts and maximize the value of Eagle Rock and Plomp Farm. 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.


No regulatory authority has approved or disapproved the information contained in
this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Champion Bear Resources Ltd.
Richard D. Kantor
Chairman and President
(403) 229-9522
(403) 229-9518 (FAX)
www.championbear.com

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