Champion Announces Grant of Stock Options

• Press Release
• Source: Champion Minerals Inc.
• On 12:57 pm EST, Monday November 9, 2009

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2009) - CHAMPION MINERALS INC. ("Champion") (TSX VENTURE:CHM - News) announces the grant of options to consultants and a director to purchase 380,000 common shares of Champion, exercisable at $0.405 per share at any time on or before November 9, 2014. The grants are subject to TSX Venture Exchange acceptance and were made in accordance with and subject to the terms of Champion's stock option plan. In accordance with securities regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant.

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. Champion'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 statements made in this news release that are not historical facts are "forwardlooking 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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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

Jorge Estepa
Champion Minerals Inc.
Vice-President
(416) 866-2200