PGC Plato Gold Corp

CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX VENTURE:CHM) is
pleased to provide an update on the recently initiated field exploration program
at the Company's wholly-owned Attikamagen Iron Property (the "Property"), in
western Labrador, 15km east of the town of Schefferville, Quebec. Labec Century
Iron Ore Corporation ("CIOC") is currently financing the Phase 1 exploration and
development program on the Property pursuant to an option agreement with the
Company, wherein CIOC was granted the right to earn a 60% interest in the
Property by expending C$ 12.5 million in staged exploration and development work
expenditures over a 5 year period.


Phase 1 Exploration Program

The Company mobilized geological field crews to the Property in June 2008 to
evaluate the size and grade potential for "direct shipping ore" ("DSO"), and
"taconite" iron. Occurrences of "DSO" were mapped by L.C.N. Burgess and
highlighted a potential for both types of iron mineralization in the
Lac-Sans-Chef, Jennie Lake and Joyce Lake areas of the Property where folding
repeats the Sokoman iron formation several times (Geologic Report of the area
West of Attikamagen Lake; Iron Ore Company, 1951).


The Company believes there is excellent potential for taconite iron
mineralization throughout the Property and discovering "DSO" is significant in
low lying areas at Lac-Sans-Chef, Jenny Lake and Joyce Lake. Observations
conclude that glaciers stripped the softer material creating topographic lows.
In order to detect DSO potential, airborne magnetic data will be used to define
targets going forward.


Novatem Inc., completed a 1,010 line-kilometer, airborne, high-resolution
Magnetic and Radiometric geophysical survey over the Property to delineate the
geometry of the iron formation and to define potentially larger tonnage
taconite, with associated DSO mineralization. Magnetic inversion processing of
the airborne magnetic data in combination with recent geological mapping will be
used to create a 3-D model of the iron formation which can then be used for an
initial volumetric estimation. Highlights of the program to date include:


Lac-Sans-Chef area

- Mapped kilometric scale taconite iron formation better known as the Pink Grey
Chert ("PGC") and Lower Red Chert ("LRC") members of the Sokoman Formation in
the Schefferville area;


- The PGC is black, finely laminated magnetite and the LRC is a magnetic chert
iron formation with a combined width averaging 30m or more. This taconite is
isoclinally folded, and fold limb repetitions produced at least 6 iron formation
bands in a 2km wide area that extend over 3km;


- A 3,000m drilling campaign is scheduled to test the down dip extent with the
objective of defining iron tonnage potential;


- Channel sampling totaling approximately 2 tonnes of taconite has been
completed and is being sent for assaying at the ALS Group Laboratories in
Val-d'Or, Quebec;


Jennie Lake area

- The PGC and LRC units are similarly repeated by tight folding with steeply
dipping limbs;


- Airborne magnetic data illustrates presence of 3 to 4 fold-repeated horizons
extending from Jennie Lake to Lac Sans Chef, a distance of 30km;


Attikamagen Lake Iron Formation Property

The Property comprises 532 mineral exploration claims totaling 139.7 km2 in
western Labrador and northeastern Quebec, primarily located 15 km E-NE of
Schefferville, Quebec. The Schefferville-type iron formations of Quebec and
Labrador contain some of the world's largest iron orebodies.


In 2007 the Attikamagen airborne magnetic survey delineated a series of strongly
magnetic horizons trending NW-SE. The PGC and LRC units explain this highly
magnetic geophysical signature. Tight to isoclinal folding has repeated these
horizons several times locally.


Although not compliant with current NI 43-101 resource estimation standards,
these types of iron formations can be estimated volumetrically by utilizing a
combination of sampling and magnetic survey responses to estimate global mineral
resource potential. Exploration drilling is required primarily to confirm the
extent and determine iron grades and provide samples for metallurgy.


About Champion Minerals Inc.

Champion is a junior exploration Company focused on discovering and developing
significant metal resources in eastern Canada, particularly in Labrador and
Newfoundland, and northeastern Quebec. The Company's projects include the
Powderhorn and Gullbridge Base Metal Projects located in central Newfoundland,
the Attikamagen Iron Property, located in western Labrador and northeastern
Quebec, and the Fermont Iron Property in northeastern Quebec.


The technical content of this press release has been prepared by Mr. Jeff
Hussey, P. Geo., Champion's Vice President Exploration, and Mr. Jean Lafleur, P.
Geo., a Director of the Company and Technical Advisor to the President and CEO.
Both individuals are Qualified Persons under the guidelines of NI 43-101.


Statements in this 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.

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