Champion Bear announces diamond drill results on its Sudbury area Halcyon property



    CALGARY, June 15 /CNW/ - (TSX Venture: CBA) - Champion Bear Resources
Ltd. ("Champion Bear") has received the final assay results from its recently
completed drill program at its Halcyon property located in Parkin Township,
northeast of Sudbury, Ontario. Anomalous nickel mineralization ranging from
147 to 611 ppm Ni was encountered at shallow depth in sheared mafic volcanics
at or near the intersection of two major structures.
    Two diamond drill holes totaling 461.6 metres were drilled to follow-up
anomalous nickel mineralization intersected previously by drill hole HAL04-10
(see Champion Bear's news release dated October 26, 2004) and a nearby induced
polarization (IP) geophysical anomaly. HAL-04-10 intersected anomalous nickel
assaying up to 2,949 ppm (0.29% Ni) over 3.6 metres within a 21.3 metre
section of sulphide-bearing foliated mafic volcanic rocks.
    Hole HAL-07-11 (141.6 metres) collared 20 metres southwest of HAL-04-10
hole bearing 045 degrees to undercut the anomalous zone. This hole encountered
anomalous nickel values ranging from 148 to 611 ppm Ni for the entire sampled
core length (38.8 metres) of foliated mafic volcanic rocks which were
intersected from 35.9 to 103 metres. Anomalous mineralization in both holes
HAL-04-10 and HAL-07-11 was terminated at the fault bounded Huronian
unconformity.
    Drill hole HAL-07-12 was collared 5.0 metres northwest of HAL-07-11 at an
azimuth of 315 to test for the westerly extension of the anomalous nickel zone
and a nearby IP anomaly. This hole drilled in mafic volcanics for its entire
length almost parallel to the Huronian unconformity. HAL-07-12 intersected
sporadic anomalous nickel mineralization ranging from 147 to 294 ppm Ni in the
upper part of the hole between approximately 18.0 to 83.8 metres within
foliated mafic volcanic rocks. The source of the IP anomaly is believed to be
2 to 4% pyrite, pyrrhotite and trace amounts of chalcopyrite intersected
between 262.1 to 264.0 metres. This section contained geochemically anomalous
copper, zinc and nickel ranging from 107 to 119 ppm Cu, 154 to 232 ppm Zn and
145 to 161ppm Ni.
    These holes were all drilled within or near the intersection of two fault
structures, the projected northeasterly trending extension of the "Whistle
Offset Dyke Structure" and the fault bounded northwest trending Huronian
sedimentary unconformity. The "Whistle Offset Dyke Structure" hosts the FNX
Podolsky zone located about 1.5 kilometres to the southwest and has also been
identified on the adjacent "Post Creek" property of Namex Explorations Inc.
situated immediately to the south of the Halcyon property. The former Milnet
mine lies along the Huronian unconformity approximately three kilometres to
the northwest.
    Champion Bear intends to undertake a detailed structural analysis and
additional geophysical surveys to determine if the anomalous nickel may
represent leakage from a deeper or fault displaced source and will also
investigate other IP anomalies located along the "Whistle Offset Dyke
Structure".
    Core samples were split by hydraulic splitter and sealed in plastic
sample bags and were hand delivered to the SGS sample preparation facility
located in Garson, Ontario. Once prepared, samples were forwarded directly to
the SGS Minerals Services Laboratory in Don Mills, Ontario, an ISO accredited
analytical facility.
    All samples were analysed using a trace and base metal 32 element package
(code ICP12B) including Zn, Pb, Cu, Ni, Co, Ag, As, Bi, Ba and W. Gold was
completed by 30 gram fire assay (method FAI303).
    The qualified persons responsible for the technical content of this press
release are Paul Dunbar (P.Geo), a Senior Associate geologist of Watts,
Griffis and McOuat Limited, who supervised the drill program and Joe Hinzer
(P.Geo), President of Watts, Griffis and McOuat Limited. Drilling was
contracted to Boart-Longyear.

    Champion Bear is a mineral exploration company focused exclusively on the
historically prospective regions of Ontario. The company's primary target is
platinum group and precious metals and to a lesser extent polymetallic base
metal and pegmatite-hosted tantalum deposits. Champion Bear's aim is to create
shareholder value through selective property acquisition and joint venture
followed by focused exploration emphasizing drilling. The Company has
assembled a large land position in the Dryden and Sudbury areas, totaling over
16,000 hectares.

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

    This news release contains a forward-looking statement concerning the
company's intention to complete additional exploration on the Halcyon property
which is based on Champion Bear's current internal expectations. This
statement is not a guarantee of future performance and undue reliance should
not be placed on it. Such forward-looking statement necessarily involves known
and unknown risks and uncertainties that are common to junior mineral
exploration companies. These risks and uncertainties include, among other
things, Champion Bear's need for additional funding to continue its
exploration efforts and changes in general economic, market and business
conditions. The company undertakes no obligation to update or revise any
forward-looking statements except as required by applicable securities laws.





For further information:

For further information: Richard D. Kantor, Chairman and President of
Champion Bear Resources Ltd., Phone: (403) 229-9522, Fax: (403) 229-9518;
Champion Bear's website is www.championbear.com

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CHAMPION BEAR RESOURCES LTD.

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