Champion Bear Announces Planned Activity for The Plomp Farm Gold Properties

Rhea-AI Summary

Champion Bear (OTC:CBRSF) has begun preparatory work for a drilling program at the Plomp Farm gold project in northwestern Ontario. Activities include re-sampling historical core, collecting new drill data, and producing a three-dimensional geological interpretation and block model for an NI 43-101 mineral resource estimate (MRE).

The company will perform standard data verification and review, then update its NI 43-101 technical disclosure for Plomp Farm upon completion of the MRE.

Calgary, Alberta--(Newsfile Corp. - February 11, 2026) - Champion Bear Resources Ltd. (TSXV: CBA) ("Champion Bear" or the "Company") is pleased to announce that it has initiated work to prepare a drilling program for the Company's Plomp Farm Project in northwestern Ontario, Canada.

The forthcoming drilling program, including re-sampling old core, aims to enhance the current drill data at Plomp Farm. The Company plans to integrate these new results into a contemporary three-dimensional geological interpretation and block model for mineral resource estimation ("MRE"), accompanied by standard data verification and review procedures required for NI 43-101 mineral resource estimation. Upon completion of the MRE, Champion Bear plans to update its NI 43-101 technical disclosure for the Plomp Farm Project.

About Champion Bear

Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary targets are platinum group metals, precious metals, and polymetallic base metals deposits. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares. Additional information about Champion Bear can be found on the Company's website at www.championbear.com and on SEDAR+ at www.sedarplus.ca. For further information, please contact: Richard D. Kantor, Chairman and President of Champion Bear at phone: (403) 229-9522.

NEITHER 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation including statements relating to planned activities for the Plomp Farm Project including the preparation of a drilling program, the re-sampling of old core, plans to integrate these new results into a contemporary three-dimensional geological interpretation and block model for an MRE and the Company's plans to update its NI 43-101 technical disclosure for the Plomp Farm Project. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the potential development of resources and drilling plans which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the ability to continue to operate as a going concern and pay to off its outstanding debts, judgements and liabilities, the market price of the Company's securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283432

FAQ

What drilling preparations did Champion Bear (CBRSF) announce for Plomp Farm on February 11, 2026?

Champion Bear began preparatory work to ready a drilling program and re-sample historic core for Plomp Farm. According to Champion Bear, the work aims to upgrade drill data and support a contemporary 3D geological model and MRE under NI 43-101 standards.

How will Champion Bear (CBRSF) use the new Plomp Farm drill data in the MRE process?

The company plans to integrate new and re-sampled core data into a three-dimensional geological interpretation and block model. According to Champion Bear, this integration will underpin the mineral resource estimation and required NI 43-101 verification procedures.

When will Champion Bear (CBRSF) update its NI 43-101 disclosure for Plomp Farm?

Champion Bear intends to update its NI 43-101 technical disclosure after completing the MRE and verification steps. According to Champion Bear, the update will follow standard data review and resource estimation processes once the block model is finalized.

Does the Plomp Farm announcement from Champion Bear (CBRSF) include confirmed resource figures or timelines?

No confirmed resource numbers or definitive timelines were provided in the announcement. According to Champion Bear, the release describes preparatory and modeling work leading toward an MRE but does not state quantified resources or exact completion dates.

What verification steps will Champion Bear (CBRSF) perform before completing the Plomp Farm MRE?

Champion Bear will carry out standard data verification and review procedures required for NI 43-101 mineral resource estimation. According to Champion Bear, these steps include re-sampling, data integration, and quality checks prior to finalizing the block model and MRE.