CHM Champion Minerals Inc.

CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX VENTURE: CHM)(FRANKFURT: P02) is pleased to announce that it has obtained conditional approval to list its common shares on the Toronto Stock Exchange ("TSX"). Champion shares will trade under the TSX trading symbol "CHM". The listing is subject to the Company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter dated September 2, 2010. The Company is actively proceeding to satisfy these requirements and upon obtaining final approval, the Company will issue a further press release indicating when its common shares will commence trading on the TSX. Champion will remain listed on the Frankfurt Stock Exchange.

Thomas Larsen, Champion's President and CEO states, "This is a significant milestone for Champion and its shareholders. The TSX is one of the world's pre-eminent exchanges for mineral resources companies. A TSX listing will increase our visibility and profile in the capital markets and in the mining industry. Listing on the TSX will also offer benefits to shareholders such as enhanced market access for Canadian and international investors, increased access to capital and improved liquidity. The Company looks forward to continued advancements and to further increasing shareholder value."

About Champion Minerals

Champion is a junior exploration Company focused on discovering and developing significant metal resources in eastern Canada, particularly in Labrador and Newfoundland, and northeastern Quebec. The Company's projects include the Fermont Iron Property in northeastern Quebec, the Attikamagen Iron Property in western Labrador and northeastern Quebec and the Powderhorn and Gullbridge Base Metal Projects in central Newfoundland.

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