Champion Bear Grants Share Options

CHAMPION BEAR RESOURCES LTD.

NEWS RELEASE

CHAMPION BEAR GRANTS SHARE OPTIONS

Calgary, Alberta (TSX Venture: CBA), December 13, 2012 – Champion Bear Resources Ltd. ("Champion Bear" or the "Company") has granted options to acquire an aggregate of 730,000 common shares of Champion Bear to certain of the directors and a service provider of the Company (at an exercise price of $0.12 per share until December 12, 2017). 510,000 options were allocated to the Company's President and 220,000 were allocated to another director and to a service provider. All of these options except for 55,000 were granted to replace options that previously expired in accordance with their terms.

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: (403) 229-9522 or Fax: (403) 229-9518. 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.

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