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Press release from Marketwire

Assay Results Announced From the 2011 Drilling Program at Champion Minerals' Attikamagen Project, Near the Town of Schefferville, Quebec

Thursday, December 08, 2011

Assay Results Announced From the 2011 Drilling Program at Champion Minerals' Attikamagen Project, Near the Town of Schefferville, Quebec17:00 EST Thursday, December 08, 2011TORONTO, ONTARIO--(Marketwire - Dec. 8, 2011) -CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) ("Champion" or the "Company") reports that earlier today Century Iron Mines Corp. ("Century Iron") announced the second group of assay results from its 2011 exploration program at Champion's wholly-owned Attikamagen Project (under option to Century Iron), located in north-eastern Quebec and western Labrador, near the town of Schefferville, Quebec. As reported by Century Iron, the 2011 summer drilling program focused on potential taconite and "direct shipping ore" ("DSO(1)") targets near Hayot Lake, Quebec and Joyce Lake, in western Labrador, respectively. A total of 10,884 metres of combined diamond and RC drilling was completed during the 2011 drilling program, from April 8 to October 30, 2011. Century Iron further reported that it is preparing for the next phase of drilling, which is expected to resume February 2012 on the Joyce Lake resource.A table of the assay results received by Century Iron to date from the Attikamagen Project 2011 summer drilling program can be found in Century Iron's press release dated December 8, 2011, which is available on their corporate website at www.centuryiron.com and it will also be posted under Century Iron's filings at www.sedar.com.About Champion Minerals Inc. Champion Minerals is an iron ore exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron ore resources in the provinces of Quebec and Newfoundland & Labrador. The Company's projects include: the Fermont Holdings in Quebec, jointly held by Champion (82.5% interest) and Fancamp Exploration Ltd. (17.5% interest); and the Attikamagen Iron Property in Quebec and Labrador. Champion's Fermont Holdings, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's team and advisory board includes mining and exploration professionals with substantial iron ore expertise to effectively advance the Fire Lake North Project into production.Statements made in this news release that are "forward-looking statements" are not historical facts. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those stated herein. (1) The DSO term was used by previous operators in the Schefferville mining district to designate "oxidized iron ore" with iron grades in excess of 55%, and is only used here for historical reference and is not intended to imply that a positive economic study has been completed on the Attikamagen Property.FOR FURTHER INFORMATION PLEASE CONTACT: Thomas G. LarsenChampion Minerals Inc.President and CEO(416) 866-2200(416) 361-1333 (FAX)ORJorge EstepaChampion Minerals Inc.Vice-President(416) 866-2200(416) 361-1333 (FAX)ORSalisha HoseinChampion Minerals Inc.Director, Investor Relations(416) 866-2200(416) 361-1333 (FAX)www.championminerals.com