Champion Bear Announces Divestment of Interest in Iron Mask Property Sudbury Ontario

Champion Bear Resources Ltd. (TSX VENTURE:CBA) ("Champion Bear" or the
"Company") announces today that the Company has entered into an Option to
Purchase Agreement with Wallbridge Mining Company Limited ("Wallbridge") for the
Company's 100% held Iron Mask Property located in the northwest footwall of the
Sudbury Mining Camp, Ontario. To acquire a 100% interest in the Property,
Wallbridge must make staged option payments to Champion Bear totaling $150,000
by December 31st, 2013. The option payments include a $24,000 payment to an
underlying stakeholder for advanced royalties and other payments. 


Champion Bear continues to focus its exploration efforts on the 100% held Eagle
Rock copper-platinum-palladium-gold and Plomp Farm gold properties, both located
in the Dryden area of northwestern Ontario. The Company is currently evaluating
all of its options to maximize the value of Eagle Rock and Plomp Farm including
consideration of potential joint venture opportunities. In addition, the Company
maintains a 50% carried interested in the Parkin JV property located along the
Parkin Offset Dyke in northeast Sudbury. Updated property presentations are
available on the Company's website www.championbear.com. 


Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. The Company's primary target is
platinum group and precious metals and to a lesser extent polymetallic base
metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create
shareholder value through selective property acquisition and joint venture
followed by focused exploration emphasizing drilling. The Company has assembled
a large land position in the Dryden and Sudbury areas.


This news release contains forward-looking statements concerning plans to focus
exploration efforts and maximize the value of Eagle Rock and Plomp Farm. These
statements are not a guarantee of future performance and undue reliance should
not be placed on them. Such forward-looking statements necessarily involve known
and unknown risks and uncertainties that are common to junior mineral
exploration companies. These risks and uncertainties include, among other
things, Champion Bear's need for additional funding to continue its exploration
efforts, changes in general economic, market and business conditions; and
competition for, among other things, capital and skilled personnel. The Company
undertakes no obligation to update or revise any forward-looking statements
except as required by applicable securities laws.


No regulatory authority has approved or disapproved the information contained in
this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Champion Bear Resources Ltd.
Richard D. Kantor
Chairman and President
(403) 229-9522
(403) 229-9518 (FAX)
www.championbear.com

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