Champion Bear Resources Ltd.

Champion Bear Resources Ltd.

June 26, 2009 14:46 ET

Champion Bear Grants Share Options

CALGARY, ALBERTA--(Marketwire - June 26, 2009) - Champion Bear Resources Ltd. ("Champion Bear" or the "Company") (TSX VENTURE:CBA) has granted options to acquire an aggregate of 254,835 common shares of Champion Bear to certain directors of the Company and options to acquire 200,000 common shares of the Company to a consultant of the Company for a total aggregate of 454,835 (at an exercise price of $0.34 per share until June 26, 2014). The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.

Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary target is platinum group and precious metals and to a lesser extent polymetallic base metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create shareholder value through selective property acquisition and joint venture followed by focused exploration emphasizing drilling. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.

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

Contact Information

  • Champion Bear Resources Ltd.
    Richard D. Kantor
    Chairman and President
    (403) 229-9522
    (403) 229-9518 (FAX)