Champion Obtains Conditional Listing on the Toronto Stock Exchange

CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX
VENTURE:CHM)(FRANKFURT:P02) is pleased to announce that it has obtained
conditional approval to list its common shares on the Toronto Stock Exchange
("TSX"). Champion shares will trade under the TSX trading symbol "CHM". The
listing is subject to the Company fulfilling certain requirements of the TSX in
accordance with the terms of its conditional approval letter dated September 2,
2010. The Company is actively proceeding to satisfy these requirements and upon
obtaining final approval, the Company will issue a further press release
indicating when its common shares will commence trading on the TSX. Champion
will remain listed on the Frankfurt Stock Exchange.


Thomas Larsen, Champion's President and CEO states, "This is a significant
milestone for Champion and its shareholders. The TSX is one of the world's
pre-eminent exchanges for mineral resources companies. A TSX listing will
increase our visibility and profile in the capital markets and in the mining
industry. Listing on the TSX will also offer benefits to shareholders such as
enhanced market access for Canadian and international investors, increased
access to capital and improved liquidity. The Company looks forward to continued
advancements and to further increasing shareholder value."


About Champion Minerals 

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


The statements made in this news release that are not historical facts are
"forward-looking statements" and readers are cautioned that any such statements
are not guarantees of future performance, and that actual developments or
results, may vary materially from those in these "forward-looking" statements.