Champion Bear commences drilling at its Eagle Rock Cu-Ni-PGE Property in the Dryden area



    (TSX Venture: CBA)

    CALGARY, Oct. 29 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear")
announced today that it has commenced a 1,000 metre (4 hole) drill program at
its Eagle Rock Cu-Ni-PGE Property located 80 kilometres south of Dryden. The
drilling will test the extension to greater depth of the mineralized Campbell
Zone and confirm the continuity along strike to better define the extent and
quality of the mineralization. The previously completed drilling had traced
the mineralized zone along strike for approximately 1,100 metres and to an
average vertical depth of 100 metres. Two of the proposed holes will test the
central part of the zone to a vertical depth of approximately 200 to 250
metres.
    The drilling follows the completion of detailed 8 kilometre geophysical,
IP and magnetic surveys and a surface geological mapping program at the
property, which was concentrated on a 900 metre segment of the Campbell Zone.
The geological mapping traced the mineralized zone continuously on surface for
over 700 metres. The geophysical surveys confirmed that the mineralized zone
can be identified as a discrete zone on both the magnetic and IP survey data.
The geological mapping and surveying work followed the re-logging and magnetic
susceptibility surveying of core from the property completed this summer (see
Champion Bear's news release dated August 1, 2007), the best results from
which are contained in table below.

    
    Best Results from the 2007 Eagle Rock Re-logging and Re-sampling Program

    -------------------------------------------------------------------------
    Hole  From   To    Interval  Au+Pt+Pd     Cu           Ni       Descrip-
     No.  (m)    (m)     (m)      (G/T)     ppm (%)      ppm (%)        tion
    -------------------------------------------------------------------------
    ER12   10    13.5    3.5      1.34   3,604 (0.36)  671 (0.07)   Added to
                                                                        Zone
    -------------------------------------------------------------------------
    ER17   17    29.7   12.7      0.39   2,323 (0.23)  477 (0.05)   New Zone
    -------------------------------------------------------------------------
    ER25   59.5  67.1    7.6      0.17   1,403 (0.14)  211 (0.02)   New Zone
    -------------------------------------------------------------------------
    

    The field mapping and geophysical programs for Eagle Rock, were carried
out by Watts, Griffis and McOuat Limited personnel, under the field
supervision of senior geologist J. Smolen, P. Geo.
    The QP for the technical aspects of this news release is Joe Hinzer P.
Geo., President of Watts, Griffis and McOuat Limited.
    Champion Bear also announced today that Ken Hawrelak has resigned as
Chief Financial Officer of the company.
    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.





For further information:

For further information: 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

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CHAMPION BEAR RESOURCES LTD.

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