Champion BEAR Engages Professional Project Manager and Technical Evaluator to Provide Corporate Advisory Services and Grants Share Options
CHAMPION BEAR RESOURCES LTD.
NEWS RELEASE
CHAMPION BEAR ENGAGES PROFESSIONAL PROJECT MANAGER AND
TECHNICAL EVALUATOR TO PROVIDE CORPORATE ADVISORY SERVICES AND
GRANTS SHARE OPTIONS
CALGARY, Alberta, Dec. 13, 2023 - (TSX Venture: CBA) Champion Bear Resources
Ltd. ("Champion Bear" or the " Company") is pleased to announce that it has entered
into a corporate advisory services agreement with Dr. Owen J. Hatton, a seasoned
professional boasting over 24 years of international expertise in Ni-Cu-PGM, Cu-Au
porphyry, IOCG, shear-hosted Au exploration. Dr. Hatton's career spans pivotal roles at
OZ Minerals, Teck Exploration, BHP Billiton, and AMEC underscoring his wealth of
experience in project management, technical evaluation, and business development at
senior levels across diverse geological terrains.
Dr. Hatton’s invaluable background in Cu- Ni/Cu-PGM and Au projects will provide
unparalleled geological and technical support as the Company continues to advance its
well positioned exploration projects within Ontario, Canada.
Dr. Hatton's involvement under this agreement encompasses:
• Offering strategic counsel to the board on potential transac tions related to the
Eagle Rock Cu-Ni-PGM project in Ontario.
• Identifying and fostering connections for potential new projects as they arise.
• Providing geological guidance and services upon request.
The Company extends a warm welcome to Dr. Hatton, eagerly anticipating his
instrumental contributions to the advancement of its exploration endeavors across
Ontario.
As part of Dr. Hatton's compensation the Company has granted him options to acquire
500,000 common shares of the Company. The Company has also granted Richard
Kantor, the Company's Chairman and President, options to acquire 1,110,000 common
shares and Mike Sweeny, a director of the Company, options to acquire 350,000 common
shares. These options were granted at an exercise price of $0. 15 per share until
December 13, 2028). The options granted to Dr. Hatton vest immediately and the other
options vest as to one- third thereof on each of the first, second and third year
anniversaries of the date of the grant.
Dr. Hatton is not engaged to prov ide any "Investor Relations Activities" as such term is
defined in the policies of the TSX Venture Exchange.
About Champion Bear
Champion Bear is a mineral exploration company focused exclusively on the historically
prospective regions of Ontario. The Co mpany's primary targets are platinum group
metals, precious metals, and polymetallic base metals deposits. Champion Bear's aim
is to create shareholder value through selective property acquisition followed by focused
exploration emphasizing drilling. The C ompany has assembled a large land position in
the Dryden and Sudbury areas, totaling over 16,000 hectares. Additional information
about Champion Bear can be found on the Company's website at
www.championbear.com and on SEDAR+ at www.sedarplus.ca. For further information,
please contact: Richard D. Kantor, Chairman and President of Champion Bear at phone:
(403) 229-9522.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT T ERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING INFORMATION:
This news release includes certain "forward- looking statements" under a pplicable
Canadian securities legislation. Forward- looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied
by such forward-looking statements. All statements that address future plans, activities,
events, or developments that the Company believes, expects or anticipates will or may
occur are forward-looking information, including statements pertaining to plans to create
shareholder value through execution of the Company's business plan and regarding the
potential development of resources and drilling plans which may or m ay not occur.
Forward-looking statements and information contained herein are based on certain
factors and assumptions regarding, among other things, the market price of the
Company's securities, metal prices, exchange rates, taxation, the estimation, timi ng and
amount of future exploration and development, capital and operating costs, the
availability of financing, the receipt of regulatory approvals, environmental risks, title
disputes, failure of plant, equipment or processes to operate as anticipated, accidents,
labour disputes, claims and limitations on insurance coverage and other risks of the
mining industry, changes in national and local government regulation of mining
operations, and regulations and other matters. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward- looking statements. The Company disclaims any
intention or obligation to update or revise any forward- looking statements, whether as a
result of new information, future events or otherwise, except as required by law.