Champion Bear commences resource definition drilling at Eagle Rock Cu-Ni-PGE property in the Dryden area



    (TSX Venture: CBA)

    CALGARY, July 28 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear")
has commenced approximately 10,000 metres of drilling at its wholly-owned
Eagle Rock Property to assess the quality and quantity of the mineralization
at the property and prepare a resource estimation as warranted at the
conclusion of the drilling program. In addition to the drilling, the company
will also be carrying out a systematic surface trenching and channel sampling
program and extending the previously completed IP and geological mapping
program.
    Drilling will be completed in two stages, an initial 4,000 metres, and
the balance as field conditions permit. The drill program has been designed to
drill test the mineralized zone at 50 metre centres both along strike and down
dip.
    Three recently completed test drill holes in December 2007 (see full
details in the news release dated February 21, 2008) encountered encouraging
results (see Table 1).

    
     Table 1 - Summary Table of 2007 Eagle Rock Drill Core Assay Results

    -------------------------------------------------------------------------
                                            Plat-  Palla-                Nic-
                             Inter-   Gold   inum    dium         Copper  kel
                            section  g Au/t g Pt/t  g Pd/t  3PMs    %    % Ni
       Hole     From    To  Metres(1) (*)    (*)     (*)   g/t(*) Cu(xx) (xx)
    -------------------------------------------------------------------------
    ER-07-47   127.5  202.5   75.0   0.150  0.186   0.337  0.673  0.35  0.06
    -------------------------------------------------------------------------
    including  174.5  197.5   23.0   0.239  0.289   0.510  1.038  0.53  0.08
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ER-07-48   110.5  133.6   23.1   0.197  0.251   0.429  0.877  0.43  0.07
    -------------------------------------------------------------------------
    including  112.5  121.5   15.0   0.246  0.318   0.542  1.105  0.55  0.09
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ER-07-49   148.0  178.0   28.0   0.155  0.181   0.429  0.635  0.22  0.04
    -------------------------------------------------------------------------
    including  148.0  152.0    4.0   0.332  0.438   0.691  1.461  0.45  0.06
    -------------------------------------------------------------------------
    including  172.0  178.0    6.0   0.385  0.450   0.748  1.583  0.54  0.13
    -------------------------------------------------------------------------
    Notes:
    (1)    denotes core length.
    (*)    denotes values converted from ppb (not assayed as g/t).
    (xx)   denotes values converted from ppm (not assayed as %).
    

    Geological and geophysical IP surveys completed during the summer of 2007
covered a 900 metre segment of the Campbell Zone. The planned work program in
2008 will extend this work both to the east and west to cover the full 1.6
kilometre strike length of zone.
    The diamond drilling program, channel sampling, mapping and geophysical
programs for Eagle Rock, will be carried out by Watts, Griffis and McOuat
Limited personnel, under the field supervision of WGM senior associate
geologist P. Dunbar, P. Geo.
    The QP for the technical aspects of this news release is Joe Hinzer P.
Geo., President of WGM.
    Champion Bear also announced today that it has granted options to acquire
656,000 common shares of Champion Bear to the Chairman and President of the
company at an exercise price of $0.50 per share until July 24, 2013. The
options vest as to one-third thereof on each of the six, 12 and 18 month
anniversaries of the date of the grant.

    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.

    This news release contains forward-looking statements concerning the
company's intention to complete additional exploration on the Eagle Rock
Property which are based on Champion Bear's current internal expectations.
These statements are not guarantees of future performance and undue reliance
should not be placed on them. Such forward-looking statements necessarily
involve 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.

    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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