Champion Minerals Appoints Director of Human Resources and Advisory Board Member

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TORONTO, ONTARIO--(Marketwire - Aug. 22, 2012) - CHAMPION MINERALS INC. (CHM.TO)(CPMNF)(P02.F) ("Champion" or the "Company") is pleased to announce that Mr. Claude Leveillee has been appointed the Company's Director of Human Resources and additionally, that Mr. William Harding has been appointed to the Company's Advisory Board.

Mr. Leveillee will join Champion at its Montreal office and he brings over 30 years of national and international experience in the area of human resources, including 25 years at Agnico-Eagle Mines. Most recently, Mr. Leveillee served as Human Resources and Organizational Corporate Director at Agnico Eagle's Corporate Division, where he was responsible for creating policies and procedures for operations located in Canada, Mexico and Finland. Prior to that, he held the position of Human Resources Regional Director where he wrote policies and procedures for Agnico Eagle's three mines located in the Abitibi-Temiscamingue area of western Quebec. Throughout his career Mr. Leveillee successfully executed mandates in various areas such as staffing, performance appraisal, succession planning, mediation, negotiation, occupational health and safety and public/community relations.

Champion is pleased to also welcome Mr. William Harding to its team, with his appointment to the Company's Advisory Board. Mr. Harding has over 25 years of in-depth exposure to capital markets in both the public and private sectors and is experienced in international portfolio management and investment consultancy. Mr. Harding is currently the Chairman of Alpine Asset Advisors AG and has been a member of the Board of Governors of CI Investments Inc. since 2005. Mr. Harding began his career in Corporate Finance at Wood Gundy (CIBC World Markets) and worked in Institutional Equity Research and Sales at Gardiner Watson Ltd. (Morgan Stanley). Prior to founding Alpine Advisors AG, he was a Managing Partner of a Swiss-based Independent Financial Intermediary (Bruellan SA) specializing in Portfolio Management of Family Offices and High Net-Worth Individuals.

Thomas Larsen, Champion's President and C.E.O. stated, "We are very pleased and fortunate to have been able to attract two very talented and experienced professionals to our team. Mr. Leveillee's broad experience in Quebec will benefit Champion greatly as we complete the Feasibility Study at the Company's wholly-owned Consolidated Fire Lake North Project and continue with its development. As well, we look forward to the valuable contributions Mr. Harding will bring to our Advisory Board."

About Champion Minerals Inc.

Champion Minerals is an iron exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron resources in the provinces of Quebec and Newfoundland & Labrador. Champion holds a 100% interest in the Fermont Iron Holdings and a 44% interest in the Attikamagen Iron Project located in both Quebec and Labrador.

Champion's Fermont Iron Holdings, including the flagship Consolidated Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to five producing iron mines. Fire Lake North is located immediately adjacent to and north of ArcelorMittal's operating Fire Lake Mine and 60 km south of Cliffs Natural Resources Inc.'s Bloom Lake Mine in northeastern Quebec. Champion's team and advisory board includes mining and exploration professionals with the mine operations experience to build the Fire Lake North Project into a producing mine.

For additional information on Champion, please visit our website at www.championminerals.com.

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about mineral resource estimates and planned operations at the Company's projects, including its Consolidated Fire Lake North Project. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Champion's annual information forms, management discussion and analysis and other securities regulatory filings by Champion on SEDAR (including under the heading "Risk Factors" therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Champion's management and information available to management as at the date hereof. Champion disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

This press release has been prepared by Champion Minerals Inc. and no regulatory authority has approved or disapproved the information contained herein.

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

Jorge Estepa
Champion Minerals Inc.
Vice President
(416) 866-2200
(416) 361-1333 (FAX)
www.championminerals.com

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