CHM Champion Minerals Inc.

CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX VENTURE: CHM)(FRANKFURT: P02) is pleased to announce assay results for the first two drill holes, HT10-07 and HT10-09 from the completed winter 2010 diamond drill campaign at the Harvey-Tuttle Claim Block ("Harvey-Tuttle") of the Fermont Iron Property (the "Property"). The table below highlights results from the two holes with complete results to-date. HT10-07 intersected 234.0m of sub-massive to massive magnetite iron formation with an average grade of 26.7% Iron, including 168.4m grading 30.3% Iron that also included 93.2m of 35.6% Iron, on the Turtleback Mountain Target of the 25km2 Mammoth Iron Zone.

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IRON ASSAY
CORE            Fe total
DDH#              FROM (m)         TO (m)     LENGTH (m)                 (%)
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HT10-07              43.0          277.0          234.0                26.7
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incl.                43.0          211.4          168.4                30.3
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incl.                74.2          167.4           93.2                35.6
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incl.                81.5           95.5           14.0                39.1
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and                 107.4          135.4           28.0                40.7
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12.5           48.6           36.1                32.8
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HT10-09              74.7          101.9           27.2                31.0
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(1) Core length is approximately equal to true width.
Note - refer to the Champion website at www.championminerals.com for a
complete listing of the individual sample assay results.

Thomas Larsen, President and CEO of Champion, stated, "Champion believes Harvey-Tuttle hosts a Conceptual Tonnage of 1 billion to2.5 billion tonnes of iron formation (refer to the Champion news release dated December 15, 2009). With the upcoming drilling and planned preliminary assessment studies in Q3/Q4, the objective is to determine the lower specification limit of the iron mineralization that would justify a standalone operation."

Jean Lafleur, P. Geo., Fermont Iron Property Project Manager and a Director of Champion, added "The early spring forced us to cut the winter drilling program short; however we accomplished our goals. The significant results from drill hole HT10-07 have clearly identified Turtleback Mountain as a high priority target for immediate delineation drilling. If these widths persist, we should build volume rapidly at Harvey-Tuttle. Efforts are currently underway to re-commence drilling with a 7,000m program in the coming weeks. The drill program will include several follow up holes to delineate the HT10-07 intersection and the high priority magnetic targets on Turtleback Mountain in the heart of the Mammoth Zone. The program will also target areas along strike from the specularite-rich iron formation in drill hole HT10-09 in the area better known as the Western Synform located south of Turtleback Mountain (refer to the appended location map)."

Previous assessment work and reports on Harvey-Tuttle have documented iron occurrences, and in particular the current Mammoth Zone, composed of coarse grained specular hematite and magnetite-rich iron formations, typical of the deposits and other occurrences in the Fermont Iron Ore District (the "FIOD"). Only two short drill holes were drilled in 1957 in the northern part of Harvey-Tuttle and both returned intersections of quartz specularite, the first containing 26.7% iron over 26 m and the second 32.7% iron over 20m (MRNFQ Deposit File 23B/12-0010). The Star Lake Iron Occurrence is located approximately 5km north of the Harvey-Tuttle northern claim boundary (within a provincial park) and hosts a historical resource of 234.7 million tonnes grading 32.4% iron (MRNFQ Deposit File 23B/12-0002); whereas the Lamelee-Peppler Deposits are located 15 km to the southeast and contain a current Indicated Mineral Resource of 935 million tonnes grading 29.72% iron (Consolidated Thompson Iron Mines Ltd., 2009).

Champion is exploring the Property using a two-pronged approach. Harvey-Tuttle is considered to have standalone 1 billion to 2.5 billion tonnes of Conceptual Potential and is the first priority area for the next drill campaign. Other high priority targets areas in the eastern and northern portions of Harvey-Tuttle will also be tested by drilling. One in particular consists of a 3km by 2km magnetic anomaly located in the eastern portion of the Property known as the "Figure 8 Zone". The feature is interpreted to be an area with an interference pattern between two major phases of folding that has good potential for structural thickening of the iron formation. The interference geometry can ultimately develop a synformal geometry which is generally favorable to open pit mining methods.

Other claim blocks within Cluster 2 of the Property demonstrate tonnage potential in the 200 million to 500 million tonnes range and could be proximal to Harvey-Tuttle as well as ArcelorMittal's Fire Lake Mine (341 million tonnes grading 33.4% Iron), currently a seasonal operation that supplies ore to the ArcelorMittal Mont Wright Mine and Concentrator Complex located 50km to the north.

National Instrument 43-101 Technical Report

Champion had mandated John Langton, M.Sc., P. Geo., and Doug Clark, P. Geo., to provide a National Instrument ("NI") 43-101 Technical Report (the "Report") on the Harvey-Tuttle (Lakes) Claim Block, which was completed on April 28, 2010, will be filed and available under the Company's filings on SEDAR at www.sedar.com. The Report summarizes the geology, historical work, describes Champion's 2008-2009 airborne geophysical survey and Conceptual Tonnages estimates of the iron formations, and recommended a significant drilling program to focus on volumetrically-significant, tectonically thickened, synclinal-hinge areas cored by iron formation, which were readily outlined by the 2008 airborne geophysical survey.

Quality Assurance and Quality Control

All drill core logging and sample preparation was conducted by qualified Company personnel under National Instrument ("NI") NI 43-101 standards at the Company's core logging facilities in Wabush (Newfoundland). The NQ-sized drill core was split in half. One-half of the drill cores was kept in the core tray for reference purposes and the other half core was individually bagged, tagged, sealed and packed in large nylon bags which were then securely closed and sent by commercial ground transportation for analysis to COREM laboratories in Quebec City (Quebec). Quality Assurance samples including standards of certified reference material, field duplicates, pulp duplicates and blank samples were inserted every 5 samples. COREM also inserted blank samples, standards and duplicates for Quality Control purposes.

Mineral Resources

Inferred Mineral Resources are that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling gathered through appropriate techniques from drill holes and outcrops, and reasonably assumed, but not verified, geological and grade continuity. There has been insufficient exploration to define any of the resources as Indicated or Measured Mineral Resources and there is no guarantee that further exploration will upgrade the Inferred Mineral Resources to Indicated or Measured Mineral Resources. Historical Mineral Resources are strictly historical in nature and are non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these historical Mineral Resources as current NI 43-101 compliant.

Conceptual Potential and Conceptual Tonnages are not a recognized mineral resource or mineral reserve category. They are strictly conceptual in nature; being used by the Company to identify priority mineralized targets. They are usually presented as a range of tonnes and grades. There has been insufficient exploration to define as current NI 43-101 compliant Mineral Resources, and it is uncertain if further exploration will result in the Conceptual Potential and Conceptual Tonnages being defined as Mineral Resources.

The Fermont Iron Property

The Property is located 250km north of the St. Lawrence River port town of Port-Cartier in the Fermont Iron Ore District ("FIOD") of northeastern Quebec. The Harvey-Tuttle Claim Block contains the Mammoth Zone which is a target area of 25 km2 heavily concentrated with strong magnetic anomalies. HT10-07 was the first hole completed in Turtleback Mountain located in the centre of the Mammoth Zone. The significant width of iron mineralization encountered in HT10-07 confirms the potential for structural thickening and bodes well for the Property.

Champion previously announced an initial Mineral Resources Estimate ("MRE") on the Bellechasse and Fire Lake North Claim Blocks ("Bellechasse" and "Fire Lake North") under NI 43-101 guidelines (refer to the Company news release dated November 18, 2009). The MRE totals 503.3 million tonnes grading 28.0% Iron in the Inferred Mineral Resources category. Bellechasse hosts 215.1 million tonnes grading 28.7% Iron; whereas Fire Lake North hosts 288.2 million tonnes grading 27.5% Iron (all at a 15% Iron cut-off grade). The iron mineralization on the Property is believed to be similar to Consolidated Thompson Iron Mines Bloom Lake Deposit (827 million tonnes grading 29.3% Iron) located 40km northeast of Harvey-Tuttle (refer to the CTIM website at www.consolidatedthompson.com).

Champion has under option a land package of 384.6 km2 in 16 strategic claim blocks grouped into 3 clusters comprising the Property. Champion had previously announced 8 claim blocks with historical Mineral Resources of 694 million tonnes grading 30.4% Iron, but now after 2 of the 8 claim blocks (Bellechasse and Fire Lake North) host a current MRE, there are 6 remaining claim blocks that host historical Mineral Resources of 578 million tonnes grading 30.4% Iron (Paquet, 1963; Ministere des ressources naturelles et de la faune Quebec Assessment File GM 13035).

The Company is currently in the second year of an option agreement (the "Agreement") with Fancamp Exploration Ltd. (TSX VENTURE: FNC) and the Sheridan Platinum Group Ltd. (the "Vendors") on the Property. Pursuant to the Agreement, Champion can earn a 65% interest in all 16 claim blocks within the Property by expending C$6 million in staged exploration and development work expenditures, making cash payments totalling C$1 million, and issuing 2.9 million shares, all over a 4-year period, with the Vendors retaining a 3% Net Smelter Returns royalty, one third of which may be purchased by Champion for C$3 million. The Agreement also includes a right of first refusal on the Lamelee Lake Claim Block. Once Champion has completed its earn-in, a 65-35 joint venture would be formed between Champion and the Vendors.

About Champion Minerals

Champion is an exploration Company focused on discovering and developing significant metal resources in eastern Canada, particularly in the provinces of Quebec and Newfoundland & Labrador. The Company's projects include the Attikamagen Iron Property in northeastern Quebec and western Labrador, the Fermont Iron Property in northeastern Quebec, and the Powderhorn/Gullbridge Base Metal Projects in central Newfoundland. Please visit Champion's website at www.championminerals.com.

The technical information in this news release was prepared, revised and approved by Jeff Hussey, P. Geo., VP Exploration of the Company, and Jean Lafleur, P. Geo., the Fermont Iron Property Project Manager, Director and Technical Advisor to the President and CEO of Champion. Both individuals are Qualified Persons under NI 43-101 standards.

The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

To view the High Resolution Airborne Magnetic survey map showing the location of the Winter 2010 diamond drill holes for the Harvey-Tuttle Claim Block, Fermont Iron Property, please visit the following link: http://media3.marketwire.com/docs/chm_05_11_Map.pdf

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts: Champion Minerals Inc. Thomas G. Larsen President and CEO (416) 866-2200 (416) 361-1333 (FAX) Champion Minerals Inc. Jorge Estepa Vice-President (416) 866-2200 (416) 361-1333 (FAX) www.championminerals.com