CHM Champion Minerals Inc.

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES.


Champion Minerals Inc. ("Champion" or the "Company") (TSX
VENTURE:CHM)(FRANKFURT:P02) is pleased to announce that it intends to accelerate
the expiry date of 3,200,000 warrants (the "Warrants") to purchase common shares
of the Company (the "Common Shares") to March 18, 2010 (the "New Expiry Date"). 


The Warrants were issued as part of a private placement that was completed in
September, 2009. Each Warrant is exercisable to purchase one (1) Common Share at
a price of $0.50 per share. In accordance with the terms of the Warrants,
Champion has the right to accelerate the expiry date of the Warrants if the
average closing price of the Common Shares on the TSX Venture Exchange is
greater than $0.75 per share for a period of twenty (20) consecutive business
days (the "20-Day Period") following January 16, 2010, provided that the Company
provides notice of same in writing to the holders of the Warrants by way of
registered mail (the "Notice"), in which event the expiry date of the Warrants
will be accelerated to the date that is ten (10) calendar days after the date on
which Notice is given. The 20-Day Period was completed on February 12, 2010 and
Champion intends to send out Notices on or before March 8, 2010, advising the
holders of the Warrants of the New Expiry Date. 


Following mailing of the Notice of the New Expiry Date, Warrant holders may
exercise their rights to acquire Common Shares by duly completing and executing
the exercise form attached to this Warrant certificate and surrendering the
Warrant certificate to the Company together with cash or a certified cheque in
lawful money of Canada payable to or to the order of the Company for the
aggregate exercise price before 5:00 p.m. (Toronto time) on March 18, 2010.
Failure to exercise the Warrants on or before the accelerated expiry date of
March 18, 2010 will mean that all unexercised Warrants shall expire and be void
and of no further force and effect after March 18, 2010.


If all of the Warrants are exercised, 3,200,000 Common Shares will be issued by
the Company and the Company will receive proceeds of $1,600,000. The proceeds to
Champion from the exercise of the Warrants will be used for working capital and
to finance continued exploration programs on the Corporation's properties.


About Champion

Champion is an exploration company focused on discovering and developing
significant metal resources in eastern Canada, particularly in the provinces of
Quebec and Newfoundland and Labrador. 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.


This press release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The Common Shares issuable upon
exercise of the Warrants will not be and have not been registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent an applicable exemption from the registration requirements.


This Press Release contains forward-looking statements, including, without
limitation, the date that Champion intends to send out Notices to the holders of
the Warrants and the use of proceeds from the exercise of the Warrants, which
may involve a number of risks and uncertainties. Actual events or results could
differ materially from Champion's forward-looking statements and expectations
herein.

Grafico Azioni Champion Minerals Inc. (TSXV:CHM)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Champion Minerals Inc. (TSXV:CHM)
Storico
Da Lug 2023 a Lug 2024