Champion Minerals Inc.

Champion Minerals Inc.

January 14, 2010 15:27 ET

Champion Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2010) - CHAMPION MINERALS INC. ("Champion") (TSX VENTURE:CHM)(FRANKFURT:P02) announces the grant of options to directors, officers and consultants to purchase 2,200,000 common shares of Champion, exercisable at $0.80 per common share, subject to shareholder and TSX Venture Exchange approval. 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. The options granted will have a five year term.

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.

Contact Information

  • Champion Minerals Inc.
    Thomas G. Larsen
    President and CEO
    (416) 866-2200
    Champion Minerals Inc.
    Jorge Estepa
    (416) 866-2200