The TSX Venture Exchange has accepted for filing Champion Bear Resources Ltd.'s proposal to issue 3,522,972 shares at a deemed price of 15 cents to settle outstanding debt for $528,445.97 incurred from a variety of operating activities.

Creditors:  eight

                      INSIDERS

                       Amount       Price      Shares

Richard D. Kantor     $150,000      $0.15     1,000,000

Sixwest Inc.
(Jason Hastie)         $30,000      $0.15       200,000

Frederick Plomp         $8,019      $0.15        53,460

ERS GeoServices
(Jessica Borysenko)     $9,492      $0.15        63,280