Champion Minerals Inc.
TSX VENTURE : CHM
FRANKFURT : P02

Champion Minerals Inc.

March 19, 2010 10:18 ET

Champion Minerals Raises $1,600,000 Through the Exercise of Warrants

TORONTO, ONTARIO--(Marketwire - March 19, 2010) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

Champion Minerals Inc. ("Champion" or the "Company") (TSX VENTURE:CHM)(FRANKFURT:P02) is pleased to announce that 3,200,000 Common Shares were issued by the Company pursuant to the exercise of warrants. The Company received proceeds of $1,600,000 in connection with the warrant exercise pursuant to the terms detailed in the Company's press release dated February 19, 2010. The proceeds to Champion from the exercise of the warrants will be used for working capital and to finance continued exploration programs on the Company's properties.

About Champion

Champion is an exploration company focused on discovering and developing significant metal resources in eastern Canada, particularly in the provinces of Quebec and Newfoundland and Labrador. The Company'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.

This Press Release contains forward-looking statements, including, without limitation, the date that Champion intends to send out Notices to the holders of the Warrants and the use of proceeds from the exercise of the Warrants, which may involve a number of risks and uncertainties. Actual events or results could differ materially from Champion's forward-looking statements and expectations herein.

Neither IIROC nor the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Champion Minerals Inc.
    Thomas G. Larsen
    President and Chief Executive Officer
    (416) 866-2200
    or
    Champion Minerals Inc.
    Jorge Estepa
    Vice-President
    (416) 866-2200
    (416) 361-1333 (FAX)
    www.championminerals.com