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December 03, 2008


Champion Minerals expands its iron property holdings in Labrador and Quebec

Champion Minerals Inc announced that it has expanded its property holdings adjacent to its wholly owned Attikamagen Lake Iron Property which is located in Labrador near Schefferville in Quebec.

With the staking of the Lake Attikamagen Extension Claim Block, which consists of 451 claims contiguous to and partially surrounding the 52 claim Attikamagen, Champion's Labrador property holdings have increased to 503 claims comprising 126 square kilometer. On the Quebec side of the Labrador/Quebec border, adjacent to the northern portion of the Attikamagen Extension Claim Block, the Company staked an additional 29 claims, the Lac Sans Chef Quebec Claim Block, comprising 13.7 square kilometer. Collectively, the Attikamagen, Attikamagen Extension Claim Block and Lac Sans Chef Quebec Claim Block cover 139.7 km2 and will be referred to as the Attikamagen Property.

Champion's recently completed airborne geophysics and surface sampling campaign at Attikamagen, in combination with a detailed review of the assessment work in the area led to the decision to stake the properties containing favorable iron formations. Little historical work has been performed on the newly acquired properties, but previous mapping by Hollinger North Shore Exploration Company in 1959 outlined taconitic iron formation and also enriched iron formations in outcrop, the direct shipping ore type that was previously mined in the Schefferville camp during its production era.

Champion is planning to perform detailed surface work and drilling along these favourable horizons, combined with mini bulk sampling in order to quantify the higher quality iron mineralization at the Attikamagen Property.

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