19:12:50 EDT Wed 15 Jul 2026
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Champion Bear Resources Ltd
Symbol CBA
Shares Issued 75,244,773
Close 2026-07-15 C$ 0.06
Market Cap C$ 4,514,686
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Champion Bear names Hastie CFO; adds two directors

2026-07-15 17:50 ET - News Release

Mr. Richard Kantor reports

CHAMPION BEAR RESOURCES LTD. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND CHIEF FINANCIAL OFFICER IN CONNECTION WITH A RENEWED CORPORATE FOCUS AND TECHNICAL STRATEGY

Champion Bear Resources Ltd. has appointed two new directors and a chief financial officer in connection with a renewed corporate and technical strategy focused on advancing its Ontario mineral exploration portfolio and creating long-term shareholder value.

The new directors are Andrew Tims and Cole Fouillard, and Jason Hastie has rejoined the company as chief financial officer. Their respective appointments are effective immediately, subject to the acceptance of the TSX Venture Exchange. Richard D. Kantor will continue to serve as chair and chief executive officer of the company.

Mr. Tims is a seasoned exploration geologist with more than 40 years of experience in greenfield and brownfield mineral exploration programs. He has worked across Ontario's leading gold camps, including Geraldton, Kirkland Lake-Timmins, Red Lake and Northwestern Ontario, including eight years with Rainy River Resources. His experience includes gold, platinum, kimberlite diamond and volcanogenic massive sulphide exploration, and he has worked with junior and major mining companies, the Ontario Geological Survey, and industry organizations including the Porcupine Prospectors and Developers Association.

Mr. Fouillard is an entrepreneur, corporate leader and Canadian military veteran with more than two decades of experience in strategic operations, logistics, emergency management, secure infrastructure, technology development and stakeholder co-ordination. He is the founder and chief executive officer of VEXSL Global Inc., where he has led corporate structuring, capital strategy, partnership development, and commercialization initiatives across Canada and internationally. He brings a practical governance perspective focused on execution, accountability, risk management, indigenous and community engagement, and long-term value creation.

The company believes the refreshed board brings together a strengthened combination of capital markets, corporate development, project execution, governance and mineral exploration experience. This enhanced leadership structure is intended to support Champion Bear's next phase of growth, with a particular focus on advancing its 100-per-cent-owned Plomp Farm project in Northwestern Ontario and continuing to evaluate the company's broader portfolio of precious metals, platinum group metals, copper, polymetallic, tantalum and rare-earth element opportunities.

Champion Bear's Plomp Farm project remains a key asset within the company's portfolio. The project is located west of Dryden, Ont., and is believed to be an Archean lode gold and Au-rich volcanogenic significant sulphide opportunity. The property is located within favourable stratigraphy of the Thunder Lake assemblage and hosts the Plomp Farm Main zone, where historical drilling has outlined a broad corridor of gold enrichment associated with pyrite, silver and base metal mineralization.

"The appointment of Andrew Tims, Cole Fouillard and Jason Hastie represents an important step forward for Champion Bear," said Richard D. Kantor, chair and chief executive officer. "We believe the company has a compelling foundation of mineral assets, technical work and historical exploration results. With renewed leadership, Champion Bear is positioned to move forward with greater focus, discipline and energy as we work to unlock the potential of Plomp Farm and the company's broader Ontario property portfolio."

Todd McCracken, PGeo, manager-mining, BBA Consultants, is the qualified person (QP) under the meaning of Canadian National Instrument 43-101 -- Standards for Disclosure of Mineral Projects, has reviewed and is responsible for the technical content of this news release.

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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