Champion Bear completes Eagle Rock drilling program and provides fourth quarter exploration update



    (TSX Venture: CBA)

    CALGARY, Dec. 12 /CNW/ - Champion Bear Resources Ltd. ("Champion Bear")
anticipates the start of its 1,000 metre follow-up drilling program at its
Plomp Farm gold property immediately after the Christmas break. The drilling
will test the mineralized structure approximately 20 to 25 metres up dip from
the previously announced intersection of 71.2 g Au/t over 0.4 metres in hole
PF-07-119W1 (see Champion Bear's news release dated August 1, 2007). A wedge
cut from this new hole is also planned.

    Eagle Rock Property

    Three diamond drill holes, totaling 927 metres, have been completed at
the Eagle Rock Cu-Ni-Pt-Pd-Au Property 80 kilometres south of Dryden on
December 7, 2007. These holes tested the continuity of mineralization to depth
on sections 1+00W and 1+00E within the central part of the Campbell zone. The
current drilling has extended the vertical depth of the mineralized zone,
which dips 70degrees to the southwest on these to sections, from 150 metres to
225 metres and 75 metres to 180 metres, respectively (see Table 1). The
results of this drill program will be used in combination with the recently
completed IP survey and surface geological mapping to plan the 2008 work
program. Samples for the first hole (ER-07-47) have been submitted to Actlabs
for analyses. Sampling of the other two holes is currently in progress.
Analytical results are expected in mid January 2008.

    
                    Table 1 - Eagle Rock 2007 Drill Holes

                                                       Mineralized Zone
                                 Dip         Brg     From    To   Core length
    Hole No.    Location       degrees     degrees    (m)    (m)      (m)
    --------  -------------  -----------  ----------  -----  ----- ----------
    ER-07-47  1+00W   1+15S  -70 degrees  45 degrees  123.5  189.1    65.6
                                                      227.1  228.1     1.0

    ER-07-48  1+00E   1+50S  -50 degrees  45 degrees  108.5  127.1    18.6
                                                      129.5  133.6     4.1

    ER-07-49  1+00E   1+50S  -75 degrees  45 degrees  147.2  154.9     7.7
                                                      165.4  196.0    30.6
    

    Alcona Property

    Reconnaissance and due diligence sampling at the Sioux Lookout area
Alcona Property in October returned assay results ranging from 0.87 to -41.4 g
Au/t. These five grab samples were collected from the Trench 99 area (see
Table 2) to confirm previously reported results from these trenches
1.5 kilometres west of the former Alcona mine, along a northeast trending
shear zone. Elsewhere rock chip samples collected from mafic volcanic
outcrops, north of Trench Lake, (approximately 1.5 kilometres northeast of
Trench 99) and 500 metres northwest of the Alcona shaft returned anomalous
gold values of 24 ppb and 40 ppb, respectively, and confirm the presence of
anomalous gold throughout the area. Champion Bear has staked three additional
claims and plans a comprehensive program of data compilation, detailed
geological mapping and ground geophysical surveying to explore the entire
property in 2008.

    
                   Table 2 - Selected Assay Results Alcona
    -------------------------------------------------------------------------
                                             Total Au           Au       Zn
           UTM Coordinates                    g/mt(1)    Ag    ppb      ppm
           ---------------                              ppm
    Sample                                             Multie-
    No.    Easting Northing Descr-  Location  FA-MeT   lement  INAA     INAA
                            iption                     /TD-ICP
    -------------------------------------------------------------------------
    18001  596573  5549235  Mafic   Trench                    (less
                            w Qv    Lake N               --   than)5      130
    18002  596573  5549235  Mafic   Trench
                            w Qv    Lake N               --       24      150
    18003  596573  5549235  Mafic   Trench                    (less  (less
                                    Lake N               --   than)5  than)40
    18004  596555  5548779  Mafic   Trench
                                    Lake N               --        6      140
    18005  596565  5548784  Mafic   Trench                    (less
                                    Lake N               --   than)5      160
    18007  596040  5547706  Mafic   Base line                 (less
                            V       24+10E               --   than)5      220
    18008  595389  5548322  Qv w
                            sulph   Trench 99   41.4    318       --       --
    18009  595262  5548280  Qv w
                            sulph   Trench 99   28.5    206       --       --
    18010  595184  5548259  Qv w
                            sulph   Trench 99   16.5    118       --       --
    18011  595134  5547981  Qv w
                            sulph   Trench 99   0.87   18.1       --       --
    18012  595210  5548004  Qv w
                            sulph   Trench 99   7.94   55.5       --       --
    18013  596727  5548192  Gabbro  NW of
                                    Alcona                    (less
                                    Shaft                --   than)5      100
    18014  596748  5548179  Gabbro  NW of
                                    Alcona                    (less  (less
                                    Shaft                --   than)5  than)40
    18015  596761  5548163  Dacite  NW of
                            dyke    Alcona                           (less
                                    Shaft                --       40  than)40
    -------------------------------------------------------------------------
    g/mt(1) Screened metallic's with fire assay.

    Iron Mask Property

    Rock chip sampling of suspected Sudbury breccia outcrops at the Iron Mask
Property in Sudbury returned anomalous copper assay of up to 1,250 ppm Cu and
168 ppm Ni (see Table 3). Champion Bear completed a detailed follow-up
sampling program and a 7.5 kilometre IP survey over a zone of Sudbury breccia
outcropings initially identified on its detailed southern survey block in
2004. Champion Bear is currently reviewing the IP survey results, which
identified a number of chargeability anomalies coincident with the Sudbury
breccia outcrops, in preparation for a follow-up drilling program in 2008.

                 Table 3 - IRM 2007 South Grid Assay Results
    -------------------------------------------------------------------------
            UTM
           Coord-
    Units  inates             Cu    Ni     Bi    Co    Cr    Pb    V     Zn
           Easting  Northing (ppm) (ppm)  (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
    -------------------------------------------------------------------------
                                         (less
    2852   451563   5166754   264   45   than)5   34   96      8   328   125
                                         (less
    2853   451563   5166754    27   12   than)5    8   25      8    80    35
                                         (less
    2854   451558   5166751    33    9   than)5    6   26     83    27   119
                                         (less
    2855   451461   5166556    71   33   than)5   27   38     15   153    54
                                         (less
    2856   451478   5166452   118   48   than)5   26   23     39   115    61
                                         (less
    2857   451376   5166227  1250  168   than)5   29  307     79   137   268
                                         (less
    2858   451461   5166560   202   40   than)5   14   42     10    81    38
                                         (less
    2859   451420   5166444   156   66   than)5   33   42      9   144    55
    2860   451473   5164662   352   13       64    3    7      6     6    18
    2861   451473   5164662   922   12        6    4   11      4     6    11
                                         (less
    2862   451496   5164685    71   20   than)5   11   20      7    57    79
                                         (less           (less
    2863   451496   5164685     9   10   than)5    5   12 than)2    10    26
    -------------------------------------------------------------------------
    

    Reconnaissance surveys and sampling at the Alcona Property and follow-up
sampling at the Iron Mask Property as well as the supervision of the drilling
at the Eagle Rock Property was carried out by Watts, Griffis and McOuat
Limited ("WGM") personnel, under the field supervision of WGM senior geologist
J. Smolen, P. Geo and WGM geologist Tania Ilieva, P. Geo.
    Rock chip samples were collected in new plastic sample bags and sealed
and shipped directly to the respective assay labs by the supervising
geologists. Samples from the Alcona Property were shipped by Greyhound to
Activation Laboratories in Ancaster and the Iron Mask Property samples were
hand delivered to SGS laboratories in Sudbury for preparation.
    Analytical procedures for the Alcona Property samples included
Multielement INAA (Instrumental Neutron Activation Analysis), TD-ICP (Total
digestion-Inductively Coupled Plasma) or TD-MS (with Mass Spectrometry) and
several samples were selected for whole rock analyses using FUS-XRF Fusion
with X-ray diffraction. Five of the higher grade gold samples were re-assayed
using FA-Met (Fire Assay with screened metallic process) to confirm the gold
analyses.
    The Iron Mask Property samples prepared at SGS in Sudbury were sent to
SGS Minerals Services Laboratory in Toronto, Ontario, an ISO accredited
laboratory. All samples were prepared by drying up to 3 kilograms of sample,
crushing to 90% passing 2 millimetres, then a 250 gram split was pulverized to
85% passing 75 microns. A total of 12 samples pulps were assayed for the
following:

    
    -   Gold, Platinium, Paladium by fire assay (30 g, ICP-AES finish; code
        FAI313); and
    -   Trace and base metal 14 element package (code ICP21R) including Zn,
        Pb, Cu, Ni, Co, Ag, As and Bi.
    

    Diamond drill core was logged, marked for sampling and saw cut, half the
core was sealed in new plastic sample bags and the remaining half-core was
retained and securely stored for future reference. Plastic sample bags were
then placed in rice bags, sealed and shipped directly by Greyhound to
Activation Laboratories in Ancastor.
    The QP for the technical aspects of this news release is Joe Hinzer P.
Geo., President of WGM.

    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 Plomp Farm,
Eagle Rock, Alcona and Iron Mask properties 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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