Champion Bear Resources Ltd. announced that it is encouraged by the efforts and investments of the partners involved in evaluating the Parkin Offset Dyke where Champion Bear holds a 50% interest. Lonmin Canada Inc. currently has a joint venture agreement with Wallbridge Mining whereby it can spend up to $11 million on exploration to earn up to half of Wallbridge's interest in the Parkin properties. This is in addition to the $7.2 million that was spent by Implats on previous exploration programs.