hampion Minerals Inc. provided the final assay results for remaining drill holes completed in 2011 at the Fire Lake North Project in Fermont, Quebec.

These results complete the current phase of Champion’s 2011 Drill Program at Fire Lake North, and an up-dated Mineral Resource Estimate for the project is scheduled to be announced on October 3, 2011.

Significant results from the final drill holes include three intervals of over 150 m grading 35% Total Iron in holes FL11-64B, FL11-75 and FL11-82. Furthermore, holes, FL11-76, FL11-78 and FL11-80, have intersections ranging from 95 m to 120 m grading 34% to 41% Total Iron.

Tom Larsen, Champion’s President and CEO commented, “Results from our 2011 Drill Program at the Fire Lake North Project confirm the significant size and continuity of the iron formation deposits. The combined assay results are particularly significant and we expect that the updated resource estimate will describe a material upgrade in the quality and quantity of the iron resources. The next major milestone is the updated Preliminary Economic Assessment (“PEA”), which we expect to deliver in November.”

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