CALGARY, ALBERTA--(Marketwired - Sept. 30, 2016) - Champion Bear Resources Ltd. ("Champion
Bear" or the "Company") (TSX VENTURE:CBA) has granted options to acquire an
aggregate of 401,094 common shares of Champion Bear to certain directors and officers of the Company (at an exercise price of
$0.10 per share until September 29, 2021). 133,698 options were allocated to the Company's President and 133,698 options
were allocated to one of the Company's directors. All of these options were granted to replace options that previously
expired in accordance with their terms.
The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.
No regulatory authority has approved or disapproved the information contained in this news release. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.