The Property covers 45 km² overlying rocks of the base and precious metals prospective Roberts Arm Formation in the Buchans Mining Camp of central Newfoundland. The Roberts Arm Formation hosts World-Class massive sulphide deposits mined at Buchans, some 50 km southwest of the Property. A July 2007 Assessment File Report on the Gullbridge Property titled "Geological Synthesis & Interpretation of the Gullbridge Property" by Dr. J.H. Akkerman, Ph.D., of Copper Hill (the "Report") contains a synthesis of research of historic data and reports by companies and researchers on the Gullbridge Property from 1953 to 2002 compiled from Newfoundland government files and open file reports. The Report indicates that the Property hosts several historic base metal occurrences including the past producing Gullbridge Mine where ore reserves were reported in 1953 by Gullbridge Mines Ltd. at 4.35 Mt grading 1.24% copper (Barager, 1953). From 1967 to 1972, Gullbridge Mines Ltd., processed some 3 million tonnes of ore grading 1.1% copper (Upadhay et al., 1972) from stringer or feeder-style mineralization. The ore milled from Gullbridge was reported (Upadhay et al., 1972) to contain zinc, gold and silver credits, although none of the metals were recovered. The Report states that remaining historic mineral reserves at the Gullbridge were 1.6 million tonnes grading 1.04% copper (Gullbridge Mines Ltd., 1971). The Report further states that an additional 90,000 tonnes grading between 1% and 2% copper also occurs at the Southwest Shaft showing. The reader is cautioned that all references to reserves or resources are historic in nature, are non-compliant to current National Instrument 43-101 reporting standards and therefore cannot be relied upon.

The Report describes several other significant mineral occurrences on the Property including the Sturgeon River Prospect approximately 2 km norhwest of the Gullbridge Mine. The Sturgeon River occurrence is believed to be a more distal zinc and lead rich mineralization along strike of the copper stringer mineralization at Gullbridge. Historic drill holes on the Property have outlined a low grade zinc mineralized zone over 250 m long with grades up to 1.5% zinc over 6.4 m.

The Property also adjoins Champion's National Instrument 43-101 Qualifying Powderhorn Property ("Powderhorn") to the southeast where Champion is currently in the second year of a 3 year option to earn a 70% interest. At Powderhorn, 7 diamond drill holes completed by the Company to-date have intersected stringer-style copper mineralization similar to the Gullbridge Mine and zinc-gold-silver mineralization similar to the Sturgeon River occurrence.

Re-interpretation of the regional geological setting has been enhanced by a June 2007 government airborne magnetic survey. The Company's new geological model suggests that the extensive sedimentary rocks located between the stringer copper mineralization at Gullbridge to the northwest and Powderhorn to the southeast is part of a regional syncline or graben within the Roberts Arm Formation. The prospective horizons for disseminated, stringer-style and massive sulphide accumulations could potentially lay immediately beneath the sedimentary rocks.

The new geological model for the Gullbridge-Powderhorn area is remarkably similar to the prolific Neves Corvo area of the Iberian Pyrite Belt (the "Belt") in Portugal, a similar geological and metallogenic context. The large massive sulphide deposits discovered at Neves Corvo lay beneath sedimentary rocks in a graben/syncline within the Belt. The extremely conductive nature of the overlying sedimentary rocks made the discovery of massive sulphides at Neves Corvo by conventional electromagnetic geophysical methods more difficult. Gravity surveying provided critical data necessary to delineate the prospective horizons, eventually leading to the discovery of World-Class base metal deposits.

Champion is planning to investigate the new geological model for the Gullbridge-Powderhorn area by applying a similar strategy that led to discoveries in the World-Class Neves Corvo base metal deposits. Champion is planning a regional ground gravity survey over the entire Property and the northwest portion of the adjoining Powderhorn. The proposed survey will cover 57.5 km² with stations on 200 m centers that will be in-filled to 75 m to further delineate anomalous areas. Concurrently, Champion will be working to compile and synthesize existing mine and drill hole data, surface geology and structural data for development of a 3-D geological model to compliment the interpretation of the gravity survey results. Target areas identified from the gravity and modeling results will likely be further delineated by deep electromagnetic surveying in preparation for diamond drilling later in 2008.�

About Champion Minerals Inc.

Champion is a junior exploration Company focused on discovering and developing significant metal resources in eastern Canada, particularly in Newfoundland-Labrador and Quebec. The Company's projects include the Powderhorn and now Gullbridge Base Metal Projects located in central Newfoundland, and the Attikamagen Iron Property, located in western Labrador/northeastern Quebec.

The technical content of this press release has been reviewed by Mr. Alex S. Horvath, P. Eng., Executive Vice-President Exploration for Champion, and a Qualified Person under the guidelines of National Instrument 43-101.

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For further information please contact:

Thomas G. Larsen, President and CEO or Jorge Estepa, Vice President
(416) 866-2200 (tel) or (416) 361-1333 (fax)

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.