TORONTO, ONTARIO — (Marketwire) — 05/11/12 — CHAMPION MINERALS INC. (TSX: CHM)(FRANKFURT: P02) ("Champion") and FANCAMP EXPLORATION LTD. (TSX VENTURE: FNC) ("Fancamp") announce an update to the structure of the proposed acquisition by Champion of Fancamp-s joint venture interest in the Fermont Properties previously announced on May 9, 2012. Fancamp will pay $2.0 million for the permanent waiver by Champion of its right to buy-down one-third (representing a 0.5% royalty i
