Champion Minerals to Present at Upcoming Iron Ore Symposium at the CIM Conference and Exhibition 2011 in Montreal, Canada (ccnm)

TORONTO, ONTARIO--(Marketwire - May 9, 2011) - Champion Minerals Inc. ("Champion Minerals" or the "Company") (TSX:CHM)(FRANKFURT:P02) today announced that Jeff Hussey, Executive Vice President, Development will be presenting at the Iron Ore Symposium to be held in conjunction with the CIM Conference and Exhibition in Montreal, Canada. The presentation will take place on Monday, May 23, 2011 at 3:40 p.m. (eastern time) at the Palais des congrès de Montréal (Room 516C). The session titled "Building the next major iron ore mine in the Labrador trough" will provide an overview of Champion Minerals' Fire Lake North Project and its other Fermont Property Holdings, and will discuss the development activities currently underway. A copy of the presentation will be made available on Champion Minerals' website at www.championminerals.com.

Champion Minerals is currently executing a 60,000-metre drill program at the Fermont iron projects located in the Labrador Trough, Quebec, which include the Fire Lake North Bellechasse and Harvey Tuttle projects, with combined NI 43-101 compliant Inferred Mineral Resources totalling 1.5 billion tonnes grading 24.5% Total Iron at a 15% cut-off. The primary objective of 2011 drill program is to expand and upgrade the current resource base at the Fire Lake North and Bellechasse projects, which will be used to revise the November 2010 preliminary economic assessment (PEA). The Company expects to release the updated PEA in the third quarter 2011, followed by a feasibility study in second quarter 2012.