Champion Minerals Inc. Joins OTCQX (ccnm)

TORONTO, ONTARIO--(Marketwire - May 14, 2012) - Champion Minerals Inc. (TSX:CHM)(OTCQX:CPMNF)(FRANKFURT:P02) ("Champion") is pleased to announce that it is now trading in the United States on the highest tier of the OTC market, the OTCQX®. The OTCQX® is operated by OTC Markets Group Inc. (OTCQX:OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities.

Champion began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for Champion on www.otcmarkets.com.

"Joining the OTCQX will help Champion increase its profile with both private and institutional investors in the United States," stated Thomas Larsen, Champion's President and C.E.O. "We look forward to communicating our message and updating Champion's progress to a wide audience of investors as we broaden our shareholder base and advance our Fermont Iron Ore Properties into production."

"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Champion Minerals to OTCQX."

Stifel Nicolaus & Company, Inc. will serve as Champion's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.

About Champion Minerals Inc.

Champion Minerals is an iron ore exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron ore resources in the provinces of Québec and Newfoundland and Labrador. The Company's projects include: the Fermont Projects in Québec; and the Attikamagen Iron Property in Québec and Labrador. Champion's Fermont holdings comprise seventeen properties, four of which - Fire Lake North, Bellechasse, Harvey-Tuttle and Moire Lake - host combined estimates of current Measured and Indicated Iron Mineral Resources totalling 564 million tonnes and Inferred Iron Mineral Resources totalling 2.2 billion tonnes.

Champion's Fermont Projects, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's team and advisory board includes mining and exploration professionals with substantial iron ore expertise to effectively advance the Fire Lake North Project into production.

Champion Minerals Inc. (TSX:CHM)(OTCQX:CPMNF) now trades in the United States on OTCQX under the symbol "CPMNF".