Champion Minerals Inc.

Champion Minerals Inc.

October 13, 2006 15:13 ET

Champion Minerals Inc.: Name Change, Share Consolidation and Share Exchange Implemented

TORONTO, ONTARIO--(CCNMatthews - Oct. 13, 2006) -

(Not for dissemination in the United States of America)

CHAMPION MINERALS INC. (formerly CHAMPION NATURAL HEALTH.COM INC. (CNQ:CHPG.U) ("Champion" or the "Corporation")) announced today that the Articles of Amendment effecting the various matters comprising the name change, share consolidation and share exchange of the Corporation as set out in the news release of October 11, 2006 were filed effective October 13, 2006.

The Corporation currently has 5,155,684 common shares outstanding (and no shares of any other class).

As previously announced, the Corporation also intends to proceed with a private placement of new Common Shares (the "Private Placement"). The Corporation intends to use the proceeds from the Private Placement as general working capital and to complete the initial phase of the exploration program on the Powderhorn Property. The Corporation may also issue new Common Shares at the same price and terms as set in the Private Placement to settle outstanding debts of up to $200,000.

The CNQ has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Champion Minerals Inc.
    Thomas G. Larsen
    President and CEO
    (416) 866-2200
    (416) 361-1333 (FAX)