Champion Bear Grants Share Options

CHAMPION BEAR RESOURCES LTD.

NEWS RELEASE

CHAMPION BEAR GRANTS SHARE OPTIONS

Calgary, Alberta (TSX Venture: CBA), January 18, 2011– Champion Bear Resources Ltd. ("Champion Bear" or the "Company") has granted options to acquire an aggregate of 470,000 common shares of Champion Bear to the Chairman and President of the Company, a director and a consultant (at an exercise price of $0.30 per share until January 17, 2016). 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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