Champion Minerals Inc.
TSX VENTURE : CHM

Champion Minerals Inc.

January 10, 2008 13:19 ET

Champion Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2008) - CHAMPION MINERALS INC. (TSX VENTURE:CHM) ("Champion" or the "Company") announces that it has reserved a price of $0.45 per share for the grant of stock options to acquire up to 1,200,000 common shares of the Company (the "Stock Options"). The Stock Options have been granted to officers, directors, and consultants of the Company. Each Stock Option entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.45 per common share prior to the close of business on January 10, 2013. The grant of the Stock Options is subject to regulatory approval.

About Champion Minerals Inc.

Champion is a junior exploration Company focused on discovering and developing significant metal resources in eastern Canada, particularly in Newfoundland-Labrador. The Company currently has two properties, the Powderhorn Base Metal Project located in central Newfoundland, and the Attikamagen Lake Iron Property, located in eastern Labrador.

Statements in this release that are not historical facts are "forward-looking 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".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Champion Minerals Inc.
    Thomas G. Larsen
    President & CEO
    (416) 866-2200
    (416) 361-1333 (FAX)
    or
    Champion Minerals Inc.
    Jorge Estepa
    Vice-President
    (416) 866-2200
    (416) 361-1333 (FAX)
    Website: www.championminerals.com