Champion Bear Grants Share Options

CHAMPION BEAR RESOURCES LTD.

NEWS RELEASE

CHAMPION BEAR GRANTS SHARE OPTIONS

Calgary, Alberta (TSX Venture: CBA), March 2, 2010 – Champion Bear Resources Ltd. ("Champion Bear" or the "Company") has granted options to acquire an aggregate of 176,000 common shares of Champion Bear to the Chairman and President of the Company (at an exercise price of $0.20 per share until March 2, 2015). 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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