Champion Minerals Awards Two Railway Infrastructure Studies to Rail Cantech Inc. and Stantec Consulting

CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) ("Champion", or the "Company")
is pleased to announce that contracts for two railway studies have been awarded
to determine rail options for the Fire Lake North ("FLN") Project. These studies
will clarify existing options for rail and port infrastructure associated with
the updated FLN Preliminary Economic Assessment ("PEA") scoping study scheduled
for release in the third quarter of 2011. The studies will be utilized to define
the best rail infrastructure option and scope of work for the Feasibility Study
that is scheduled for delivery during the second quarter of 2012. 


In the initial November 2010 PEA, the cost of a 62 km railway to connect to the
Bloom Lake Railway ("BLR") was included in the project study. This was the
lowest capital expenditure solution of several options being considered for
connecting to the Quebec North Shore and Labrador ("QNS&L") railway. The FLN
railway infrastructure study has been awarded to Rail Cantech Inc., a full
service railway provider that constructed the BLR in 2010. Rail Cantech will
compare each option and determine the optimal scenario for Champion's FLN
Project. 


A second study was also awarded to Stantec Consulting to determine the capacity
of the QNS&L railway that connects to the Port of Sept Isles. Due to increasing
demand for rail access associated with the growing Canadian iron ore industry,
this study will also help to determine the optimal railway infrastructure
solution for the Company.


Tom Larsen, President and CEO stated, "This study will enable the Company to
identify the best railway option for the FLN Project. We have retained Rail
Cantech who constructed the Bloom Lake Railway in 2010 and their expertise will
be utilized by Champion in the ongoing PEA Update study that will define the
scope of work for the 2012 Feasibility studies on FLN." 


The Fermont Iron Holdings 

Champion's Fermont Property Holdings comprise seventeen Properties. Three of the
seventeen Projects drilled by Champion to-date, namely Fire Lake North,
Bellechasse and Harvey-Tuttle, contain current combined National Instrument
43-101 compliant Inferred Mineral Resources totaling 1.55 Billion Tonnes grading
25.4 % Total Iron at a 15% cut-off. Seven other Properties contain combined
Historical Mineral Resource Estimates(i) totaling 613 MT grading 31% Total Iron.


A fully-funded, 60,000 m diamond-drilling program is underway and is designed to
outline the resource base for eight Projects within conveying distance of the
Fire Lake North Project in Cluster 2, together with ongoing drilling on the Lac
Moire Project, which is adjacent to the east of ArcelorMittal's Mont Wright
Mine.


About Champion Minerals Inc. 

Champion Minerals is an exploration and development company focused on
discovering and developing significant iron ore resources in the provinces of
Quebec and Newfoundland & Labrador. The Company's projects include the Fermont
Property Holdings in Quebec, jointly held by Champion, with an 82.5% interest
and Fancamp Exploration Ltd., holding a 17.5% interest, the Attikamagen Iron
Property in Quebec and Labrador, and the Powderhorn / Gullbridge base-metal
Projects in central Newfoundland. 


(i)Historical Mineral Resources(i) are from Paquet, 1963 (MRNFQ Assessment File
GM 13035) (see press release date February 15, 2011). All Historical Mineral
Resources outlined in the text are non-compliant to NI 43-101 Mineral Resources
and Mineral Reserves standards, and should therefore not be relied upon. A
Qualified Person has not done sufficient work to upgrade or classify these
Historical Mineral Resources as current NI 43-101 compliant Mineral resources.
The current Mineral Resource estimates were calculated using the Canadian
Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral
Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing
Committee on Reserve Definitions and adopted by CIM Council December 11, 2005. 


The technical information in this news release was prepared, revised and
approved by Jeff Hussey P.Geo., Executive VP Development a Qualified Person
under NI 43-101 standards. 


Please visit Champion's website at www.championminerals.com.

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.

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