Positioning Ourselves

Fire Lake North sets the precedent for Lac Lamalee. Champion’s pure body of work gave us a guide. It’s not rocket science. You know generally where to dig. You work hard to drill and work twice as hard to obtain the financing.

As an exercise, let’s set aside the notion that CHM and FNC selling is facilitating an offer (although today’s selling seems unnaturally motivated), and assume CHM’s SP is where the market wants it to be on the down side of the iron rave and with its increased OS since original NPV on 11.3.10. They have positioned themselves to take advantage of the upcoming next wave of iron interest –only with much, much more iron.

Fancamp is also doing the same positioning. Only, due to CHM, we get to use them as a guide and shortcut by proximity. Smith’s last FNC news release began the steps in demonstrating that Lac Lamalee also has what FireLake North has –over 1 billion tons of iron ore –just as Peter Smith predicted.

Hopefully his prediction that Lac Lamalee also has the same ore body size or greater in Fire Lake North proves accurate.If at the end of October when the program ends we have an inferred 1 billion tons of iron, or at least enough prorf that if infilled, we would have that inferred amount, then we are positioned for the next iron spark. The proximity of Lac Lamalee with Fire Lake and Arcelor and Cliffs mines will allow investors to complete the infill to indicated before we actually get to it.

In the near future, if you were to look back at where we are today, the way many have done with CHM, we are at sub .30c of over 1 billion tons of iron with an NPV of what’s likely to be more than $2 billion –not including CHM interest and Magpie.

That is positioning our self for the next wave of iron enthusiasm. The wary investor might be weary of slam dunks and feel something unobvious is keeping it down. A savy investor need only look at FNC assays drills and compare with Fire Lake North's journey thus far and realize the current FNC SP is a slam dunk.

I’ve assembled the journey of CHM’s Fermont property. It really reveals their skill at working the News Releases to take advantage of the iron wave that was building at the time. They were prepared and they caught that wave. The following is all CHM Fermont related news releases, excluding most financing. Perhaps this gives perspective. Perhaps the NR’s can be used as a model to rewrite our last NR in CHM’s likeness.

-StockGreed

CHM HISTORY OF NR FOR FERMONT PROPERTY

Tuesday, May 27, 2008

10:55 AM EDTChampion Minerals Acquires 15 Strategic Iron Mineral Concessions in Fermont, Quebec - Marketwire

Monday, November 24, 2008

11:49 AM ESTChampion Minerals Completes Initial Field Work on Fermont Iron Property - Marketwire

Thursday, February 12, 2009

8:02 AM ESTChampion Minerals to Drill the Fermont Iron Property - Marketwire

Thursday, April 30, 2009

12:01 PM EDTChampion Minerals Intersects up to 29% Iron Over 121.8m in Drilling on the Bellechasse-Midway Claim Block, Fermont Iron Property, Northeastern Quebec - Marketwire

Wednesday, May 27, 2009

3:43 PM EDTChampion Minerals Intersects Up to 28.7% Iron on the Fire Lake North Claim Block, Fermont Iron Property, Northeastern Quebec - Marketwire

Tuesday, September 15, 2009

11:57 AM EDTChampion Engages P&E Mining Consultants Inc. and Initiates Mineral Resource Estimations on the Fermont Iron Property, Northeastern Quebec - Marketwire

Thursday, November 19, 2009

8:03 AM ESTChampion Minerals Outlines 503.3 Million Tonne Inferred Resource Grading 28.0% Iron on Bellechasse and Fire Lake North Claim Blocks of the Fermont Iron Property, Quebec - Marketwire

Tuesday, December 15, 2009

11:56 AM ESTChampion Minerals Estimates Conceptual Tonnages at Harvey-Tuttle, Including the 25 km2 Iron Formation of the "Mammoth" and "Mammoth SW" Zones, and Plans Staged Drilling Campaign - Marketwire

Friday, January 15, 2010

12:27 PM ESTChampion Minerals to Start Major Drilling Campaign to Outline Iron Resources on the 25 km2 Mammoth Zone at Harvey-Tuttle Claim Block, Fermont Iron Property (Quebec) - Marketwire

Tuesday, February 2, 2010

8:08 AM ESTChampion Minerals Update From Harvey-Tuttle; Additional Drilling Planned at Fire Lake North - Marketwire

Tuesday, March 23, 2010

6:16 AM EDTChampion Minerals Drilling at Harvey-Tuttle and Fire Lake North Claim Blocks on the Fermont Iron Property; Metallurgical Testing In-Progress - Marketwire

Tuesday, April 27, 2010

12:17 PM EDTChampion Minerals Mandates BBA Inc. to Commence Two Preliminary Assessment Studies on the Fermont Iron Property - Marketwire

Tuesday, May 4, 2010

8:08 AM EDTChampion Intersects 38.3% Iron Over 133.9 Metres on the Fire Lake North Claim Block, Fermont Iron Property - Marketwire

Tuesday, May 11, 2010

8:25 AM EDTChampion Intersects 168.4 Metres of 30.3% Iron at the Turtleback Mountain Target as Part of the Mammoth Zone on the Harvey-Tuttle Claim Block, Fermont Iron Property - Marketwire

Tuesday, May 18, 2010

8:27 AM EDTChampion Minerals Drills Significant Assay Intervals on the Fire Lake North Claim Block - Marketwire

Tuesday, June 8, 2010

7:40 AM EDTChampion Minerals Completes Earn-In to Acquire 65% Undivided Interest in Fermont Property; Receives $1,251,250 Through the Exercise of Warrants - Marketwire

Monday, June 28, 2010

10:10 AM EDTInvestment Industry Regulatory Organization of Canada - Trade Resumption - Champion Minerals Inc. - CHM - Canada Newswire

Tuesday, July 6, 2010

8:51 AM EDTChampion Minerals Continues Major Drill Program at the Prospective Harvey-Tuttle Claim Block and Provides Update on Other Activities From the Fermont Iron Property - Marketwire

Friday, July 16, 2010

3:44 PM EDTChampion Closes in Escrow on Agreement to Increase Its Interest to 82.5% of 16 Strategic Iron Mineral Concessions in Fermont, Quebec - Marketwire

Wednesday, July 21, 2010

7:16 AM EDTChampion Minerals Discovers Third Multi-Kilometric Iron Formation on the Fire Lake North Claim Block - Marketwire

Wednesday, August 4, 2010

8:00 AM EDTChampion Minerals to Issue Updated Mineral Resources Estimates for the Fire Lake North Claim Block - Marketwire

Tuesday, August 10, 2010

8:01 AM EDTChampion Minerals Updates Harvey-Tuttle Drill Program; Also Increases Fermont Iron Property Land Holdings from 385 km(2) to 608 km(2) - Marketwire

Wednesday, August 18, 2010

8:00 AM EDTChampion Minerals Issues Updated Inferred Resource Estimate of 388 Million Tonnes Grading 29% Total Iron for Fire Lake North, Which Includes 185 Million Tonnes at 36% Total Iron - Marketwire

Tuesday, August 24, 2010

8:00 AM EDTChampion Minerals Reports Favourable Iron Recoveries from Metallurgical Tests at Fire Lake North With No Significant Contaminants Reporting to Concentrate - Marketwire

Tuesday, September 14, 2010

8:00 AM EDTChampion Minerals Acquires Strategic Claims in the Fermont Iron Property; Two of Which Contain Historic Mineral Resources of 35.3 Million Tonnes of 36% Iron - Marketwire

Tuesday, October 5, 2010

4:35 PM EDTSwiss and China-Based Companies to Make $3.0 Million Strategic Investment in Champion Minerals - Marketwire

http://tmx.quotemedia.com/article.php?newsid=34523361&qm_symbol=CHM:CA

Monday, October 18, 2010

10:46 AM EDTChampion Minerals Drills 361.5 Metres of Iron Mineralization at Fire Lake North - Marketwire

Wednesday, November 3, 2010

10:31 AM EDTChampion Minerals Releases Positive Preliminary Economic Assessment Study on the Fire Lake North Project – Marketwire

The PEA study shows a Net Present Value (NPV) of US$ 1.637 billion at a cash flow discount rate of 5% based on an Iron concentrate production rate of 7 million tonnes per year at a grade of 65% Iron. The internal rate of return ("IRR") for the project is 24.8%.

http://tmx.quotemedia.com/article.php?newsid=35348583&qm_symbol=CHM:CA

Tuesday, November 16, 2010

8:40 AM ESTChampion Minerals Increases Intersection Length in Drill Hole FL10-21 to 336.9m Grading 36.2% Total Iron on Fire Lake North - Marketwire

Wednesday, December 15, 2010

10:06 AM ESTChampion Minerals Completes Assessment of Historic Work on 14 Claim Blocks of its Fermont Iron Property - Marketwire

Thursday, January 13, 2011

12:21 PM ESTChampion Minerals Drills 168.4 Meters of 30.3% Iron on Their New Discovery at Harvey-Tuttle Claim Blocks - Marketwire

Tuesday, January 25, 2011

1:28 PM ESTWISCO to Buy 25% Interest in Century Iron Ore, Champion Minerals' Partner in Attikamagen Iron Ore Property - Marketwire

Champion Minerals completes $30 million bought deal financing

Feb. 3, 2011 (Canada NewsWire Group) --

TORONTO, Feb. 3 /CNW/ - Champion Minerals Inc. (TSX:CHM, FSE:PO2) (the "Company" or "Champion") is pleased to announce that it has completed its previously announced offering (the "Offering") of 12,000,000 shares of the Company (the "Shares") at a price of C$2.50 per Share for aggregate gross proceeds of C$30,000,000. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and included Paradigm Capital Inc., Jennings Capital Inc., Haywood Securities Inc. and RBC Dominion Securities Inc. (collectively, the "Underwriters").

Tuesday, February 15, 2011

8:15 AM ESTChampion Minerals Initiates 5,000 m Diamond Drilling Campaign on Moire Lake Iron Project in the Fermont Iron Property - Marketwire

Monday, February 28, 2011

7:30 AM ESTChampion Announces Initial Resource Estimate of 717 Million Tonnes Grading 25% Total Iron at Harvey-Tuttle - Marketwire

Monday, March 7, 2011

7:00 AM ESTChampion Minerals Drills 123 Meters of Specular Hematite Mineralization Grading 34.1% Iron at the Fire Lake North Project - Marketwire

Monday, March 28, 2011

7:32 AM EDTChampion Minerals Provides Update on Expanded Development for Fire Lake North Project - Marketwire

Thursday, April 14, 2011

7:42 AM EDTChampion Minerals Drills 235 Metres of Specular Hematite Mineralization Grading 33.8% Iron at the Fire Lake North Project - Marketwire

Champion Minerals Awards Two Railway Infrastructure Studies to Rail Cantech Inc. and Stantec Consulting

Apr. 18, 2011 (Marketwire Canada) --

TORONTO, ONTARIO -- CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) ("Champion", or the "Company") is pleased to announce that contracts for two railway studies have been awarded to determine rail options for the Fire Lake North ("FLN") Project. These studies will clarify existing options for rail and port infrastructure associated with the updated FLN Preliminary Economic Assessment ("PEA") scoping study scheduled for release in the third quarter of 2011. The studies will be utilized to define the best rail infrastructure option and scope of work for the Feasibility Study that is scheduled for delivery during the second quarter of 2012.

Thursday, May 19, 2011

7:30 AM EDTChampion Minerals Drilling at Lac Moire Property Identifies Significant New Iron Mineralization - Marketwire

Thursday, June 9, 2011

7:30 AM EDTChampion Minerals Continues to Delineate High-Grade and Coarse-Grained, Specular Hematite-Rich Mineralization at Fire Lake North - Marketwire

Thursday, June 16, 2011

7:30 AM EDTChampion Minerals Accelerates Fermont Drilling Program - Marketwire

Champion Minerals Appoints Jean Depatie as Director to the Board

Jun. 21, 2011 (Marketwire Canada) --

TORONTO, ONTARIO -- Champion Minerals Inc. (TSX:CHM)(FRANKFURT:P02) is pleased to announce the appointment of Mr. Jean Depatie as independent director to the board, effective immediately.

Mr. Depatie was instrumental in the development of Consolidated Thompson Iron Mines Limited ("Consolidated Thompson") through his six year tenure as a director until its recent acquisition by Cliffs Natural Resources. At Consolidated Thompson, Mr. Depatie served as Chair of the Compensation Committee and sat on both the Audit and Corporate Responsibility Committees.

Champion Minerals Inc. Adopts Shareholder Rights Plan

Jun. 30, 2011 (Marketwire Canada) --

TORONTO, ONTARIO -- Champion Minerals Inc. ("Champion Minerals" or the "Company") (TSX:CHM)(FRANKFURT:P02) today announced that its board of directors approved the adoption of a shareholder rights plan (the "Rights Plan") which takes effect today. The Rights Plan is similar to plans adopted by other Canadian companies, and has been adopted to ensure the fair treatment of shareholders in the event of any take-over bid for Champion Minerals' common shares.

http://tmx.quotemedia.com/article.php?newsid=42624498&qm_symbol=CHM:CA

Wednesday, August 3, 2011

7:30 AM EDTChampion Minerals' Drilling at Fire Lake North Nears Completion and Continues to Delineate High-Grade Zones of Coarse-Grained, Specular Hematite-Rich Mineralization - Marketwire

Thursday, August 11, 2011

7:30 AM EDTChampion Minerals Provides Activity Update-Nine Diamond Drills Currently Delineating Resources at Fermont Iron Ore Holdings - Marketwire

Champion Minerals Appoints Richard Quesnel as Senior Technical Advisor and Head of Advisory Board

TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - Champion Minerals Inc. ("Champion" or the "Company") (TSX:CHM)(FRANKFURT:P02) is pleased to announce that Richard Quesnel has been appointed the Company's Senior Technical Advisor and Head of its Advisory Board.

Most recently, Mr. Quesnel served over 5 years as President and Chief Executive Officer of Consolidated Thompson Iron Mines Inc. ("Consolidated Thompson") (acquired by Cliffs Natural Resources Inc. earlier this year) where he was responsible for the successful construction and production ramp-up of the Bloom Lake iron ore mine, located in the Labrador Trough in Quebec, Canada. Under Mr. Quesnel's guidance, Bloom Lake entered into commercial production in early 2010, on schedule and just four years after completion of its feasibility study.

Champion Minerals Appoints Marc Duchesne as Project Finance Advisor

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Champion Minerals Inc. ("Champion" or the "Company") (TSX:CHM)(FRANKFURT:P02) is pleased to announce that Marc Duchesne has been appointed the Company's Project Finance Advisor, effective immediately. Mr. Duchesne will work closely with Champion's senior management and with Richard Quesnel, recently appointed as Senior Technical Advisor and Head of the Company's Advisory Board.

Mr. Duchesne has over 25 years of senior financial and management experience with major Quebec-based companies, most recently as Senior Vice President of Finance for Consolidated Thompson Iron Mines Inc. ("Consolidated Thompson"), which was acquired by Cliffs Natural Resources Inc. earlier this year. Mr. Duchesne joined Consolidated Thompson in 2006 and actively participated in all phases of its growth including the successful construction and production ramp-up of the Bloom Lake iron ore mine, located in the Labrador Trough in Quebec, Canada. In addition to overseeing financial reporting, controllership and budget planning duties, Mr. Duchesne directed and supervised project capital expenditures during the crucial mine development phase, and additionally, he and the Consolidated Thompson team raised over $850 million in financing, negotiated and concluded a $240 million strategic investment by Wuhan Iron and Steel Company ("WISCO"), one of China's largest steel producers, as well as off-take agreements with WISCO, Worldlink Resources of China and SK Networks Co., a subsidiary of the third largest Korean conglomerate, SK Group.

Tuesday, September 27, 2011

7:30 AM EDTChampion Minerals' Drilling at Fire Lake North Includes Three Intervals of Over 150 m Grading 35% Total Iron; Updated NI 43-101 Mineral Resource Estimate to Be Announced Oct. 3, 2011 - Marketwire

Monday, October 3, 2011

7:30 AM EDTChampion Minerals Increases NI 43-101 Resources at the Fire Lake North Project to Over One Billion Tonnes - Marketwire

Thursday, October 6, 2011

7:30 AM EDTChampion Minerals Intersects 503 Metres Grading 31% Total Iron at Its Fermont Holdings' Moire Lake Project - Marketwire

STORY UP TO DATE