Champion Bear Resources Ltd. (TSX VENTURE:CBA) ("Champion Bear" or the
"Company") has granted options to acquire an aggregate of 730,000 common shares
of Champion Bear to certain of the directors and a service provider of the
Company (at an exercise price of $0.12 per share until December 12, 2017).
510,000 options were allocated to the Company's President and 220,000 were
allocated to another director and to a service provider. All of these options
except for 55,000 were granted to replace options that previously expired in
accordance with their terms. 


The options vest as to one-third thereof on each of the six, 12 and 18 month
anniversaries of the date of the grant. 


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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