Champion Bear receives encouraging assay results from Eagle Rock



    CALGARY, Feb. 21 /CNW/ - (TSX Venture: CBA), February 21, 2008 - Champion
Bear Resources Ltd. ("Champion Bear") is pleased to announce assay results
from its wholly-owned Eagle Rock Cu-Ni-Pt-Pd-Au Property 80 kilometres south
of Dryden. Assay results showing combined PMs (Au+Pt+Pd) in excess of 1.0 g/t,
copper values greater than 0.5% Cu and nickel values over 0.08% Ni were
intersected in all three drill holes (see Table 1 below).

    
     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
    -------------------------------------------------------------------------
    (1)  denotes core length
    (*)  denotes values converted from ppb (not assayed as g/t)
    (xx) denotes values converted from ppm (not assayed as %)
    

    Individual assay results, are presented in Table 2 below. Cross sections,
showing the current drill holes, with respect to previous holes are appended
(see link for figure: http://files.newswire.ca/363/Eagle_Rock_Feb.pdf).
    The three-hole 927-metre diamond drilling program tested mineralization
on the Campbell Zone on two sections 200 metres apart. The holes, were
designed to test the continuity of mineralization to depth on sections 1+00W
and 1+00E within the central part of the Campbell zone. This drilling confirms
the 1999 and 2000 drill results and shows that mineralization is open to
depth. The mineralized zone dips to the southwest, at approximately 70 degrees
and is intersected by one or more faults and intruded by a number of late
stage dykes. The true width has not yet been determined, but is estimated at
approximately 75% of core length. Generally, the mineralized zones start and
end quickly over a few metres of core length, however anomalous mineralization
continues to the bottom of ER-07-49. Zones of copper enrichment carry
accessory silver mineralization which can range from less than 1 g Ag/t up to
more than 40g Ag/t.
    Champion Bear is most encouraged by these assay results. In conjunction
with metallurgical test work to produce concentrate from drill core samples
(see Champion Bear's news release dated October 31, 2000) and the current
strong metal prices the company believes that a resource definition drilling
program is warranted. The preliminary rougher flotation recoveries were 95%
for Cu, 91% for Ni, 90% for palladium, 96% for platinum and 89% for silver and
82% for gold. Additional enhanced metallurgical test-work is planned to update
the previous study and to investigate the full suite of potentially
recoverable products.

    
            Table 2 - Individual Assay Results (Mineralized Zone)

    -------------------------------------------------------------------------
                                                                      Certi-
    Hole    Sample   From   To         Au   Pt   Pd   Ag   Cu    Ni   ficate
    Number  Number   (m)   (m)  Width  ppb  ppb  ppb  ppm  ppm   ppm  Number
    -------------------------------------------------------------------------
    ER07-47  18870   126.5  127.5 1.00  63  59  118  1.3   1720  302 A07-6290
    -------------------------------------------------------------------------
             18871   127.5  128.5 1.00  78  80  149  1.7   2110  335 A07-6290
    -------------------------------------------------------------------------
             18872   128.5  129.5 1.00  80  82  152  1.9   2050  346 A07-6290
    -------------------------------------------------------------------------
             18873   129.5  130.5 1.00  62  69  140  1.6   1750  346 A07-6290
    -------------------------------------------------------------------------
             18874   130.5  131.5 1.00  77  92  159  1.3   1950  350 A07-6290
    -------------------------------------------------------------------------
             18875   131.5  132.5 1.00  80  99  179  1.4   2240  352 A07-6290
    -------------------------------------------------------------------------
             18876   132.5  133.5 1.00  90 108  206  1.2   2180  333 A07-6290
    -------------------------------------------------------------------------
             18877   133.5  134.5 1.00  71  84  155  2.1   2140  303 A07-6290
    -------------------------------------------------------------------------
             18878   134.5  135.5 1.00  93  98  190  1.2   2270  289 A07-6290
    -------------------------------------------------------------------------
             18879   135.5  136.5 1.00  50  67  124  1.1   1460  213 A07-6290
    -------------------------------------------------------------------------
             18880   136.5  137.5 1.00  65  83  143  1.1   1890  295 A07-6290
    -------------------------------------------------------------------------
             18881   137.5  138.5 1.00 107 127  226  2.0   2640  402 A07-6290
    -------------------------------------------------------------------------
             18882   138.5  139.5 1.00 118 154  261  2.1   2700  470 A07-6290
    -------------------------------------------------------------------------
             18883   139.5  140.5 1.00 102 113  214  2.1   2480  472 A07-6290
    -------------------------------------------------------------------------
             18884   140.5  141.5 1.00 147 186  321  2.9   3450  696 A07-6290
    -------------------------------------------------------------------------
             18885   141.5  142.5 1.00 136 166  286  2.6   3130  651 A07-6290
    -------------------------------------------------------------------------
             18886   142.5  143.5 1.00 123 148  266  2.9   2700  577 A07-6213
    -------------------------------------------------------------------------
             18887   143.5  144.5 1.00 194 232  416  4.0   3980  849 A07-6213
    -------------------------------------------------------------------------
             18888   144.5  145.5 1.00 144 194  336  3.2   3500  652 A07-6213
    -------------------------------------------------------------------------
             18889   145.5  146.5 1.00  71  94  148  3.8   3210  621 A07-6213
    -------------------------------------------------------------------------
             18890   146.5  147.5 1.00 128 161  277  2.4   2760  518 A07-6213
    -------------------------------------------------------------------------
             18891   147.5  148.5 1.00  70  74  133  1.5   1750  423 A07-6213
    -------------------------------------------------------------------------
             18892   148.5  149.5 1.00 116 135  258  2.8   3310  729 A07-6213
    -------------------------------------------------------------------------
             18893   149.5  150.5 1.00  44  50   92  1.5   1600  480 A07-6213
    -------------------------------------------------------------------------
             18894   150.5  151.5 1.00   3   6   11  0.8    893  340 A07-6213
    -------------------------------------------------------------------------
             18895   151.5  152.5 1.00  21  39   60  1.3   1490  457 A07-6213
    -------------------------------------------------------------------------
             18896   152.5  153.5 1.00  77 127  195  1.4   1870  397 A07-6213
    -------------------------------------------------------------------------
             18897   153.5  154.5 1.00  89  96  176  1.2   1800  338 A07-6213
    -------------------------------------------------------------------------
             18898   154.5  155.5 1.00  23  47   84  0.4    698  179 A07-6213
    -------------------------------------------------------------------------
             18899   155.5  156.5 1.00  61  62  115  1.2   1560  271 A07-6213
    -------------------------------------------------------------------------
             18900   156.5  157.5 1.00 135 123  226  2.0   2830  371 A07-6213
    -------------------------------------------------------------------------
             18901   157.5  158.5 1.00 145 142  262  2.6   3020  439 A07-6213
    -------------------------------------------------------------------------
             18902   158.5  159.5 1.00 153 173  312  3.2   3300  523 A07-6213
    -------------------------------------------------------------------------
             18903   159.5  160.5 1.00 226 266  518  4.7   5210  782 A07-6213
    -------------------------------------------------------------------------
             18904   160.5  161.5 1.00 137 179  329  3.3   3480  547 A07-6213
    -------------------------------------------------------------------------
             18905   161.5  162.5 1.00 174 218  427  2.6   4510  730 A07-6213
    -------------------------------------------------------------------------
             18906   162.5  163.5 1.00 173 216  402  2.6   4060  602 A07-6213
    -------------------------------------------------------------------------
             18907   163.5  164.5 1.00 138 184  344  2.4   3920  671 A07-6213
    -------------------------------------------------------------------------
             18908   164.5  165.5 1.00 145 175  325  3.1   4120  666 A07-6213
    -------------------------------------------------------------------------
             18909   165.5  166.5 1.00 225 231  442  4.6   5070  768 A07-6213
    -------------------------------------------------------------------------
             18910   166.5  167.5 1.00 244 295  538  5.5   6000  943 A07-6213
    -------------------------------------------------------------------------
             18911   167.5  168.5 1.00 184 231  418  3.8   4440  763 A07-6213
    -------------------------------------------------------------------------
             18912   168.5  169.5 1.00 151 192  368  3.2   4210  686 A07-6213
    -------------------------------------------------------------------------
             18913   169.5  170.5 1.00 217 239  433  3.5   4990  766 A07-6213
    -------------------------------------------------------------------------
             18914   170.5  171.5 1.00 162 229  399  1.8   3620  673 A07-6213
    -------------------------------------------------------------------------
             18915   171.5  172.5 1.00 123 136  254  2.2   2750  427 A07-6213
    -------------------------------------------------------------------------
             18916   172.5  173.5 1.00 140 157  273 17.7   2740  443 A07-6213
    -------------------------------------------------------------------------
             18917   173.5  174.5 1.00  46  39   79 42.7   1710  151 A07-6213
    -------------------------------------------------------------------------
             18918   174.5  175.5 1.00 221 303  529 11.0   5670  971 A07-6213
    -------------------------------------------------------------------------
             18919   175.5  176.5 1.00 284 287  520 11.2   6380  867 A07-6213
    -------------------------------------------------------------------------
             18920   176.5  177.5 1.00 250 324  580  5.8   6580 1050 A07-6213
    -------------------------------------------------------------------------
             18921   177.5  178.5 1.00 240 283  499  5.2   6020  850 A07-6213
    -------------------------------------------------------------------------
             18922   178.5  179.5 1.00 211 309  371  6.0   4750  789 A07-6213
    -------------------------------------------------------------------------
             18923   179.5  180.5 1.00 224 311  526  5.9   5560  850 A07-6213
    -------------------------------------------------------------------------
             18924   180.5  181.5 1.00 376 342  547  8.3   7700  920 A07-6213
    -------------------------------------------------------------------------
             18925   181.5  182.5 1.00 215 269  481  7.4   5270  771 A07-6213
    -------------------------------------------------------------------------
             18926   182.5  183.5 1.00 142 144  262  3.3   3180  473 A07-6213
    -------------------------------------------------------------------------
             18927   183.5  184.5 1.00 204 202  398  7.2   4720  667 A07-6213
    -------------------------------------------------------------------------
             18928   184.5  185.5 1.00 255 315  561  5.3   5660  894 A07-6213
    -------------------------------------------------------------------------
             18929   185.5  186.5 1.00 235 299  538  4.7   5490  827 A07-6213
    -------------------------------------------------------------------------
             18930   186.5  187.5 1.00 233 281  514  5.8   5230  811 A07-6213
    -------------------------------------------------------------------------
             18931   187.5  188.5 1.00 273 329  572  3.6   5360  910 A07-6213
    -------------------------------------------------------------------------
             18932   188.5  189.5 1.00 220 268  486  5.1   4760  725 A07-6213
    -------------------------------------------------------------------------
             18933   189.5  190.5 1.00 279 361  626  5.1   5900  900 A07-6213
    -------------------------------------------------------------------------
             18934   190.5  191.5 1.00 259 347  582  5.2   5330  804 A07-6213
    -------------------------------------------------------------------------
             18935   191.5  192.5 1.00 253 333  599  5.7   5410  883 A07-6213
    -------------------------------------------------------------------------
             18936   192.5  193.5 1.00 249 319  568  4.3   5630  855 A07-6213
    -------------------------------------------------------------------------
             18937   193.5  194.5 1.00 223 271  461  5.5   4350  647 A07-6213
    -------------------------------------------------------------------------
             18938   194.5  195.5 1.00 280 286  499  3.9   4660  641 A07-6213
    -------------------------------------------------------------------------
             18939   195.5  196.5 1.00 179 224  400  3.0   3910  508 A07-6213
    -------------------------------------------------------------------------
             18940   196.5  197.5 1.00 197 230  402  3.4   3670  498 A07-6213
    -------------------------------------------------------------------------
             18941   197.5  198.5 1.00  68 232  407  1.1   1620  443 A07-6213
    -------------------------------------------------------------------------
             18942   198.5  199.5 1.00  48 212  364  0.6   1400  436 A07-6213
    -------------------------------------------------------------------------
             18943   199.5  200.5 1.00  35 170  354  0.6   1090  410 A07-6213
    -------------------------------------------------------------------------
             18944   200.5  201.5 1.00  91 118  227  0.9   1500  253 A07-6213
    -------------------------------------------------------------------------
             18945   201.5  202.5 1.00  86  99  164  0.6   1260  216 A07-6213
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ER07-48   8784  110.50 111.50 1.00 102 120  226  5.5   3050  361 A07-6544
    -------------------------------------------------------------------------
              8785  111.50 112.50 1.00 141 137  287  4.5   3940  419 A07-6544
    -------------------------------------------------------------------------
              8786  112.50 113.50 1.00 377 441  738  8.4   7280 1400 A07-6544
    -------------------------------------------------------------------------
              8787  113.50 114.50 1.00 333 437  732  8.4   7450 1530 A07-6544
    -------------------------------------------------------------------------
              8788  114.50 115.50 1.00 357 464  790  8.5   7580 1590 A07-6544
    -------------------------------------------------------------------------
              8789  115.50 116.50 1.00 166 230  422  6.5   6570  847 A07-6544
    -------------------------------------------------------------------------
              8790  116.50 117.50 1.00 258 295  539  7.6   6520 1170 A07-6544
    -------------------------------------------------------------------------
              8791  117.50 118.50 1.00 287 362  599  6.9   5760 1100 A07-6544
    -------------------------------------------------------------------------
              8792  118.50 119.50 1.00 304 411  692  7.5   6290 1150 A07-6544
    -------------------------------------------------------------------------
              8793  119.50 120.50 1.00 343 475  821  8.6   7420 1330 A07-6544
    -------------------------------------------------------------------------
              8794  120.50 121.50 1.00 472 655 1040  9.9   8860 1380 A07-6544
    -------------------------------------------------------------------------
              8795  121.50 122.50 1.00 127 169  269  4.2   2900  394 A07-6544
    -------------------------------------------------------------------------
              8796  122.50 123.50 1.00  79 111  182  2.3   1640  266 A07-6544
    -------------------------------------------------------------------------
              8797  123.50 124.50 1.00 125 168  294  3.1   2710  395 A07-6544
    -------------------------------------------------------------------------
              8798  124.50 125.50 1.00 218 289  493  5.1   4080  741 A07-6544
    -------------------------------------------------------------------------
              8799  125.50 126.30 0.80  19  15   29  1.7    429   98 A07-6544
    -------------------------------------------------------------------------
              8800  126.30 127.15 0.85   6   5   11  1.4    224  101 A07-6544
    -------------------------------------------------------------------------
              8801  127.15 128.30 1.15   5   2    6  1.4    189   75 A07-6544
    -------------------------------------------------------------------------
              8802  128.30 129.50 1.20 155 207  348  3.6   3280  472 A07-6544
    -------------------------------------------------------------------------
              8803  129.50 130.50 1.00 235 272  482  5.3   4310  701 A07-6544
    -------------------------------------------------------------------------
              8804  130.50 131.50 1.00 232 261  473  6.1   4970  712 A07-6544
    -------------------------------------------------------------------------
              8805  131.50 132.50 1.00 144 196  320  4.9   2990  412 A07-6544
    -------------------------------------------------------------------------
              8806  132.50 133.60 1.10  61  64  103  2.3   1170  188 A07-6544
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    ER07-49 146030  148.00 149.00 1.00 225 297  515  2.9   4640  617 A07-6545
    -------------------------------------------------------------------------
            146031  149.00 150.00 1.00 272 425  643  3.2   4730  524 A07-6545
    -------------------------------------------------------------------------
            146032  150.00 151.00 1.00 497 629  955  3.7   5870  760 A07-6545
    -------------------------------------------------------------------------
            146033  151.00 152.00 1.00 333 401  651  1.8   2800  355 A07-6545
    -------------------------------------------------------------------------
            146034  152.00 153.00 1.00  54  73  100  0.6    992  191 A07-6545
    -------------------------------------------------------------------------
            146035  153.00 154.00 1.00  72  72  114  0.9   1230  204 A07-6545
    -------------------------------------------------------------------------
            146036  154.00 154.90 0.90  18  14   25  (less  421  111 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146037  154.90 156.00 1.10  20  23   43  (less  406  107 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146038  156.00 157.00 1.00   7   5   20  (less  193  111 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146039  157.00 158.00 1.00   6   2    4  (less  253   95 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146040  158.00 159.00 1.00 200 266  409  2.2   2990  377 A07-6545
    -------------------------------------------------------------------------
            146041  159.00 160.00 1.00  14   7   10  (less  217   78 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146042  160.00 161.00 1.00  14  11   26  (less  210  118 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146043  161.00 162.00 1.00  33   2    5  (less  161   82 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146044  162.00 163.00 1.00  16   5    9  1.0    245   91 A07-6545
    -------------------------------------------------------------------------
            146045  163.00 164.15 1.15  12   7   16  (less  219   94 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146046  164.15 165.40 1.25  89   1    1  (less   40   29 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146047  165.40 166.00 0.60  12   8   96  (less  521  375 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146048  166.00 167.00 1.00   4   1    4  (less  173  152 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146049  167.00 168.00 1.00  19   6   11  (less  199  148 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146050  168.00 169.00 1.00  24   16  27  (less  409  165 A07-6545
                                                     than)
                                                     0.3
    -------------------------------------------------------------------------
            146051  169.00 170.00 1.00  73 110  239  1.2   1490  421 A07-6545
    -------------------------------------------------------------------------
            146052  170.00 171.00 1.00 441 511  815  5.1   5470 1140 A07-6545
    -------------------------------------------------------------------------
            146053  171.00 172.00 1.00 393 496  769  5.2   5290 1090 A07-6545
    -------------------------------------------------------------------------
            146054  172.00 173.00 1.00  32  56  112  0.7    796  214 A07-6545
    -------------------------------------------------------------------------
            146055  173.00 174.00 1.00 318 512  926  5.5   5930 1240 A07-6545
    -------------------------------------------------------------------------
            146056  174.00 175.00 1.00 635 563  923  7.1   7590 1590 A07-6545
    -------------------------------------------------------------------------
            146057  175.00 176.00 1.00 491 564  944  6.6   7150 1560 A07-6545
    -------------------------------------------------------------------------
    

    The diamond drilling was supervised by Watts, Griffis and McOuat Limited
("WGM") geologist Tania Ilieva, P. Geo. Diamond drill core was logged, marked
for sampling and saw cut, half the core was sealed in new plastic sample bags
the remaining half core was retained and securely stored for future reference.
Plastic sample bags were then sealed in rice bags, and shipped directly by
Greyhound and or Manitoulin Transport to Activation Laboratories in Ancastor.
Gold, Platinum and Palladium analyses were assayed by Fire Assay-MS technique,
Ag and Ni analyses are Multi INNA /Total Digestion ICP(Total) and Cu analyses
are TD-ICP. Full descriptions of these analytical techniques and procedures,
may be examined on the labs web site www.actlabsint.com. The laboratory
carries out a comprehensive internal quality control program including
certified calibration standards, duplicate analyses and insertion of blanks.
Full assay certificates are available from the company on request.
    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 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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