CALGARY, ALBERTA--(Marketwire - Jan. 13, 2009) - Champion Bear Resources Ltd. (TSX VENTURE:CBA) ("Champion Bear" or the "Company") has granted options to acquire 48,000 common shares of Champion Bear to the Chairman and President of the Company and options to acquire 250,000 common shares of Champion Bear to each of the other directors of the Company for an aggregate of 798,000 (at an exercise price of $0.26 per share until January 12, 2014). The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.
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, totaling over 16,000 hectares.
FOR FURTHER INFORMATION PLEASE CONTACT:
Champion Bear Resources Ltd. Richard D. Kantor Chairman and President (403) 229-9522 (403) 229-9518 (FAX) Website: www.championbear.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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