Champion Minerals Inc.

Champion Minerals Inc.

August 14, 2009 08:36 ET

Champion Minerals Appoints Douglas H. Bache as Executive Advisor

TORONTO, ONTARIO--(Marketwire - Aug. 14, 2009) - CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX VENTURE:CHM)(FRANKFURT:P02) announced today that Douglas H. Bache has been appointed executive advisor to the Company, effective immediately.

Doug Bache has twenty years of corporate finance and development experience in the natural resource industry. Mr. Bache has advised and managed various mining companies over the past ten years, including providing corporate development advice to Consolidated Thompson Iron Mines Limited - Consolidated Thompson is developing the Bloom Lake Project in the Labrador Trough iron ore district in northeastern Quebec.

Mr. Bache is President of DHBache & Company Inc. and provides corporate finance and strategic advice to junior mining companies. He has established and managed mining companies including First Uranium Corporation, Norvista Resources Corporation and Valencia Ventures Inc. Prior to establishing DHBache & Company in 2006, he held various senior financial positions with North American Palladium Limited and Inco Limited. Prior to joining Inco in 1999, Mr. Bache was a banker with CIBC World Markets and SG Canada and provided corporate finance and M&A advice to mining clients. Mr. Bache holds a Bachelor of Mathematics (Business) degree from the University of Waterloo (1983).

Mr. Thomas Larsen, President and CEO of Champion Minerals stated, "Doug is a terrific addition to our Company. He understands the various aspects of building and operating a mining company from the ground up. We are fortunate to have Doug associated with our Company as we advance our portfolio of iron ore properties."

Mr. Bache stated, "I am excited to be joining the Champion Minerals team. Champion Minerals has assembled an impressive land position in Canada's principal iron ore camp. I look forward to developing Champion Minerals into a significant player in the iron ore business."

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. 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.

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

Contact Information

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