CHM Champion Minerals Inc.

CHAMPION MINERALS INC. (TSX VENTURE: CHM)(FRANKFURT: P02) ("Champion" or the "Company") is pleased to provide an update on claim staking and the advancement of the summer 2010 diamond drilling program at the prospective Harvey-Tuttle Claim Block ("Harvey-Tuttle") from the Fermont Iron Property (the "Property") in the Fermont Iron Ore District of northeastern Quebec.

Harvey-Tuttle Claim Block Diamond Drilling Campaign

Champion has completed 3,900 m to date from 17 holes of the planned 7,000 m / 31 hole diamond drilling campaign on the "Turtleback Mountain" and "Figure 8" target areas. Two drills are turning at Harvey-Tuttle to follow up on the previously announced winter 2010 discovery hole HT10-07 that intersected 234 meters of 26.7% Total Iron, including a higher grade interval of 109.2 meters of 34% Total Iron. A third drill rig will be added in order to accelerate the program.

The "Turtleback Mountain" target is a 100 m high crescent shaped hill covering an area 2.5 km long by 1.6 km wide. The magnetic signature of the iron formation and the interpreted geology infer the structure is a kilometric scale re-folded iron formation. The re-folding results in a structural thickening of the iron formation horizon commonly demonstrated at Fermont-Labrador area iron mines. An additional 6 targets will be tested on the Harvey-Tuttle Claim Block ("NW Extension", "Western Fold", "South Hinge", "NW Harvey", "South Tuttle" and "Figure 8"). The "Figure 8" target is also a re-folded synform with a figure-8 shaped magnetic signature approximately 2 km long and 2 km wide.

These re-folded patterns are created by two major phases of regional scale folding and are one of the main variables that contribute to building volume and creating basin shaped geometry optimal for open pit mining methods. The Company's objective here and for the other claim blocks of the Property is to outline several 200 to 500 million tonne iron oxide deposits to evaluate the stand alone potential of Harvey-Tuttle.

Fermont Iron Property Claim Staking

Champion is also pleased to announce that recent claim staking has increased the Property land holdings by 73% from 385 km(2) to 608 km(2) by staking an additional 290 claims. The new claims were primarily staked in Cluster 2 joining the Fire Lake North, Bellechasse, Midway, Oil Can and O'Keefe-Purdy-Audrea Claim Blocks into large contiguous claim blocks and adding more than 215 linear-kilometers of magnetic anomalies linked to iron formations. This strategic increase in land holdings includes new iron showings and magnetic anomalies that are of interest following the significant diamond drilling results released earlier this year from the Fire Lake North and Harvey Tuttle claim blocks. Both of these claim blocks amongst others were increased in surface area.

The Fermont Iron Property

Champion now has an 82.5% direct interest, with Fancamp Exploration Ltd. (TSX VENTURE: FNC) holding 17.5%, in the 608 km(2) Property consisting of 16 strategic claim blocks grouped into three clusters, termed Clusters 1, 2 and 3. Champion previously announced 8 claim blocks with historical Mineral Resources of 694 million tonnes grading 30.4% Iron, but now after 2 of the 8 claim blocks (Bellechasse and Fire Lake North) host current Mineral Resources, there are 6 remaining claim blocks that host historical Mineral Resources of 578 million tonnes grading 30.4% Iron (Paquet, 1963; MRNFQ Assessment File GM 13035). These historical Mineral Resources are strictly historical in nature and are non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these historical Mineral Resources as current NI 43-101 compliant.

Champion continues to explore the Cluster 2 claim blocks, including the new target area known as the "Northeast Iron Formation" which enhances the blue sky potential at the Fire Lake North Claim Block.

The Fire Lake North iron formations continue on the adjacent Bellechasse Claim Block where Champion previously outlined Inferred Resources and when combined with the Fire Lake North estimate total 503.3 million tonnes grading 28.0% Total Iron at this time in Inferred Resources(i), all in close proximity to ArcelorMittal's road-rail infrastructure and Fire Lake Mine (341 million tonnes grading 33.4% Iron) that supplies ore to the Mont Wright Mine and Concentrator Complex located approximately 50 km to the north.

An up-dated National Instrument ("NI") 43-101 compliant mineral resource estimate will be released shortly on the Fire Lake North Claim Block. Twenty-four drill holes were completed in 2010 to replace historic drill holes, in-fill large gaps between drill holes and extend the known zones of iron formation along strike. Additional drilling is planned for 2010 to further in-fill and upgrade Inferred Mineral Resources to Indicated Mineral Resources as well as identify potential new resources from the new Northeast Zone. The objective is to delineate total resources that would enable Fire Lake North to be fast tracked with the input and guidance of BBA Inc., from a preliminary assessment status towards feasibility in the near term.

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 Quebec and Newfoundland & Labrador. The Company's projects include the Fermont Iron Property in northeastern Quebec, the Attikamagen Iron Property in northeastern Quebec and western Labrador, and the Powderhorn/Gullbridge Base Metal Projects in central Newfoundland. Please visit Champion's website at www.championminerals.com.

The technical information in this news release was prepared, revised and approved by Jeff Hussey, P. Geo., VP Exploration of the Company and Jean Lafleur, P. Geo., Director and Technical Advisor to the President and CEO of Champion. Both individuals are Qualified Persons under NI 43-101 standards.

The statements made in this news 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.

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.

Contacts: Champion Minerals Inc. Thomas G. Larsen President and CEO (416) 866-2200 Champion Minerals Inc. Jorge Estepa Vice-President (416) 866-2200 www.championminerals.com