Mr. Richard Kantor reports

CHAMPION BEAR RESOURCES LTD. SECURES DRILLING CONTRACT FOR PLOMP FARM PIT STUDY AND ANNOUNCES PLANNED NI 43-101 TECHNICAL DISCLOSURE UPDATE

Champion Bear Resources Ltd. has secured a drilling contract to support a focused pit study at the company's 100-per-cent-owned Plomp farm project, located west of Dryden in Northwestern Ontario. Subject to completion of the planned pit study and supporting technical work, the company also intends to update its National Instrument 43-101 technical disclosure for the Plomp farm project.

The planned drilling program is designed to evaluate deeper mineralization beneath the slough area at Plomp farm and to follow up on previous test holes within the project area. The work program is intended to improve Champion Bear's geological understanding of the Plomp farm Main zone, support updated 3-D geological interpretation and provide additional technical information for future mineral resource evaluation work.

Subject to completion of drilling, receipt and validation of assay results, geological modelling, technical review, and any required qualified person approvals, Champion Bear anticipates completion of the upgraded NI 43-101 technical disclosure on or about Aug. 15, 2026.

The planned update follows the company's continuing work to enhance the Plomp farm drill database, including deeper drilling beneath the slough area and further evaluation of previous test holes. The company intends to incorporate the results of this work into a contemporary geological interpretation and, where supported by sufficient technical data, a modernized mineral resource estimation process prepared in accordance with applicable Canadian securities law and NI 43-101 standards.

Plomp farm is described by Champion Bear as an Archean lode gold and gold-rich volcanogenic massive sulphide opportunity. The project occurs within favourable stratigraphy of the Thunder Lake assemblage and includes the Plomp farm Main zone, where mineralization occurs within a broad corridor of gold enrichment associated with pyrite and elevated silver and base metal concentrations, including copper, zinc, molybdenum and barium.

Historical drilling at Plomp farm has returned significant gold and polymetallic intercepts, including previously reported results of 53 grams per tonne Au over 0.55 metre, 32 g/t Au, 33 g/t silver and 1.36 per cent copper over 0.40 metre and 5.2 g/t Au, 25 g/t Ag and 8.0 per cent zinc over 1.5 metres. Champion Bear has also reported surface grab samples up to 101 g/t Au and channel samples up to 132 g/t Au. The company cautions that grab samples are selective by nature and may not be representative of mineralization across the project.

The pit study is expected to assist the company in evaluating the geometry, continuity, depth potential and open-pit characteristics of mineralization within the Plomp farm system. Champion Bear expects that the drilling program will generate important technical information as the company continues to advance Plomp farm toward an updated technical disclosure framework.

"Securing this drilling contract is a meaningful operational milestone for Champion Bear," said Richard D. Kantor, chair and chief executive officer. "Plomp farm has a substantial historical technical foundation, a strong mineralized system, and demonstrated gold and polymetallic potential. This next phase of drilling is intended to test key areas beneath the slough and provide the technical data required to support a more modern geological model and future project advancement."

Further details regarding the drilling contractor, program timing, planned metreage and technical scope will be announced as finalized and, where applicable, following receipt of required approvals.

Qualified person

The technical information in this news release has been reviewed and approved by Todd McCracken, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Champion Bear Resources Ltd.

Champion Bear is a Canadian mineral exploration and development company focused exclusively on historically prospective regions of Ontario. The company's primary targets include gold, platinum group metals, copper, polymetallics, tantalum and rare earth elements. Champion Bear's objective is to create shareholder value through discovery, joint venture and acquisition.

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