CHAMPION BEAR GRANTS SHARE OPTIONS

Champion Bear Resources Ltd. ("

Champion Bear

" or the "

Company

") has granted options to acquire an aggregate of 588,698 common shares of Champion Bear to the Company's President and a Director (at an exercise price of $0.12 per share until March 27, 2025).  The options replace 303,698 previously exercised options on December 4, 2019 and 285,000 options previously issued, which expired on March 8, 2020.

The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.

For further information, please contact: Richard D. Kantor, Chairman and President of Champion Bear Resources Ltd. at Phone: [phone] or Fax: [phone].  Champion Bear's website is www.championbear.com.

No regulatory authority has approved or disapproved the information contained in this news release.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.