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 its 100%-owned Plomp Farm Project in northwestern Ontario. The program aims to evaluate deeper mineralization beneath the slough area, follow up on previous test holes, and support updated 3D geological interpretation for future mineral resource evaluation.

The company anticipates completing an updated National Instrument 43-101 technical disclosure on or about August 15, 2026, subject to drilling completion, assay validation, and geological modeling. This announcement is a direct operational follow-up to the February 11, 2026 release, which outlined preparatory work for a new drilling program, core re-sampling, and the intent to update the NI 43-101 technical disclosure.

Historical results at Plomp Farm include grab samples up to 101 g/t Au, channel samples up to 132 g/t Au, and drill intersections such as 53 g/t Au over 0.55 metres.

Champion Bear Resources Ltd. (CBA) released operational updates on July 21, 2026, marking a routine execution of its February 2026 operational plan. The company is currently securing a drilling contract and has set an August 15 target for its NI 43-101 update, milestones expected for the pre-revenue explorer as it advances its pit study.

The announcement confirmed progress without introducing new surprises, unexpected financial terms, or strategic shifts. The focus remains on the company's ability to raise capital to fund these activities and maintain claim standing.

Champion Bear Resources Ltd. is a Canadian pre-revenue junior mineral exploration company operating in the Dryden and Sudbury regions of Ontario. Its flagship project is the Plomp Farm, a roughly 4,000-acre property described as a hybrid VMS gold deposit within the Archean Thunder Lake assemblage. Mineralization at Plomp Farm is associated with pyrite and elevated silver and base metals, with historical drilling and surface sampling indicating strong gold and polymetallic potential.

The company also holds other assets, including the 100%-owned Eagle Rock property, which spans approximately 17,326 acres and targets copper and platinum group elements, as well as the Parkin project, in which it holds a 50% carried interest targeting nickel, copper, platinum group elements, and gold. Currently in the exploration stage, Champion Bear has not completed any mineral resources or economic studies. The company is budgeting for NI 43-101 resource and preliminary economic assessment reports.