Champlain Announces Shareholders Approve

Champlain Announces Shareholders Approve

Calgary, Alberta CANADA, April 09, 2012 /FSC/ - Champlain Resources Inc. (CPL - TSX Venture), announces that at its annual general and special meeting held on April 6, 2012, the shareholders of the company have approved the audited financial statements of the corporation for years ended October 31 2011 and 2012, directors of the company for the next one year to be, Troy Mochoruk, Bill Thompson, Glenn Greig and Dr. Rob Leclerc, appointing Collins Barrow Calgary LLP as auditors for the ensuing year, approved the rolling 10% stock option plan, and a share consolidation of  up to 10:1 of its authorized issued and outstanding shares, shareholders of the company also approved to change the name of the company to "Beacon Resources Inc.".

The Company determined that it would be in the best interests of the Company and the shareholders for the Company to consolidate all of its issued and outstanding common shares and to change its name because the Company's low share price has prohibited financing. The share consolidation should result in a higher share price and better ability to finance. The number of shares currently outstanding is 54,466,887 common shares and the number which will be outstanding post-consolidation will be approximately 5,446,688 common shares.

The name change and share consolidation are both subject to TSX Venture Exchange acceptance.


Sincerely,

Troy Mochoruk
Champlain Resources Inc.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/champlain04092012.htm  


Champlain Resources Inc.
#1614 - 246 Stewart Green SW,
Calgary, AB, Canada
T3H 3C8




Source: Champlain Resources Inc. (CPL - TSX-V)
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