Champion Announces Grant of Stock Options

TORONTO, ONTARIO, Nov 09 (MARKET WIRE) --
CHAMPION MINERALS INC. ("Champion") (TSX VENTURE: CHM) announces the
grant of options to consultants and a director to purchase 380,000 common
shares of Champion, exercisable at $0.405 per share at any time on or
before November 9, 2014. The grants are subject to TSX Venture Exchange
acceptance and were made in accordance with and subject to the terms of
Champion's stock option plan. In accordance with securities regulatory
requirements, any shares issued pursuant to the exercise of such options
will be subject to a resale restriction for a period of four months from
the date of the grant.

About Champion Minerals Inc.

Champion is an exploration Company focused on discovering and developing
significant metal resources in eastern Canada, particularly in the
Provinces of Labrador and Newfoundland, and Quebec. Champion's projects
include the Attikamagen Iron Property, located in western Labrador and
northeastern Quebec, the Fermont Iron Property in northeastern Quebec and
the Powderhorn and Gullbridge Base Metal Projects located in central
Newfoundland.

The statements made in this news release that are not historical facts
are "forwardlooking statements", and readers are cautioned that any such
statements are not guarantees of future performance, and that actual
developments or results, may vary materially from those in these
"forward-looking" statements.

Neither the TSX Venture Exchange nor its regulation services provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.

Contacts:
Champion Minerals Inc.
Thomas G. Larsen
President and CEO
(416) 866-2200

Champion Minerals Inc.
Jorge Estepa
Vice-President
(416) 866-2200

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