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Press release from Marketwire

Champion Minerals to Present at Upcoming Iron Ore Symposium at the CIM Conference and Exhibition 2011 in Montreal, Canada

Monday, May 09, 2011

Champion Minerals to Present at Upcoming Iron Ore Symposium at the CIM Conference and Exhibition 2011 in Montreal, Canada07:30 EDT Monday, May 09, 2011TORONTO, ONTARIO--(Marketwire - May 9, 2011) - Champion Minerals Inc. ("Champion Minerals" or the "Company") (TSX:CHM)(FRANKFURT:P02) today announced that Jeff Hussey, Executive Vice President, Development will be presenting at the Iron Ore Symposium to be held in conjunction with the CIM Conference and Exhibition in Montreal, Canada. The presentation will take place on Monday, May 23, 2011 at 3:40 p.m. (eastern time) at the Palais des congrès de Montréal (Room 516C). The session titled "Building the next major iron ore mine in the Labrador trough" will provide an overview of Champion Minerals' Fire Lake North Project and its other Fermont Property Holdings, and will discuss the development activities currently underway. A copy of the presentation will be made available on Champion Minerals' website at Minerals is currently executing a 60,000-metre drill program at the Fermont iron projects located in the Labrador Trough, Quebec, which include the Fire Lake North Bellechasse and Harvey Tuttle projects, with combined NI 43-101 compliant Inferred Mineral Resources totalling 1.5 billion tonnes grading 24.5% Total Iron at a 15% cut-off. The primary objective of 2011 drill program is to expand and upgrade the current resource base at the Fire Lake North and Bellechasse projects, which will be used to revise the November 2010 preliminary economic assessment (PEA). The Company expects to release the updated PEA in the third quarter 2011, followed by a feasibility study in second quarter 2012.About Champion Minerals Inc.Champion Minerals Inc. is a Canadian-based iron ore exploration and development company with properties located in the heart of Canada's premier iron ore mining district, the Labrador Trough. Champion Minerals is one of the largest landholders of highly prospective iron ore claims located southwest of Fermont, Quebec and northeast of Schefferville. The Company's core projects include Fire Lake North, Bellechasse and Harvey-Tuttle. The Fermont area is located close to water, power, roads and railways, and connects to three ports on Quebec's north shore of the St. Lawrence Seaway. Champion Minerals' shares are traded on the Toronto Stock Exchange under the symbol CHM.FOR FURTHER INFORMATION PLEASE CONTACT: Thomas G. LarsenChampion Minerals Inc.President and CEO(416) 866-2200 or Toll-Free: (877) 448-2201ORJorge EstepaChampion Minerals Inc.Vice-President, Secretary and Treasurer(416) 866-2200 or Toll-Free: (877) 448-2201ORSalisha HoseinChampion Minerals Inc.Director, Investor Relations(416) 866-2200 or Toll-Free: (877)