Challenger Stock Option Grant


CALGARY, ALBERTA--(Marketwire - Dec. 30, 2011) - Challenger Deep Resources Corp. ("Challenger" or the "Company") (TSX VENTURE:CDE) announces the grant of options to purchase 68,000 shares to a director of the Corporation and options to purchase 150,000 shares to an officer of the Corporation under the Corporation's shareholder approved Stock Option Plan. The options have an exercise price of $0.64 and are for a five year term.

About Challenger

Challenger Deep Resources Corp. is an exploration company focused on the Indonesian coal industry. Challenger's business plan is to acquire, explore and to bring its viable coal projects into production. Challenger has an experienced Indonesian exploration and mining team with offices in Calgary, Singapore and Jakarta.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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 of accuracy of this news release.

Contact Information:

Challenger Deep Resources Corp.
Ranjeet Sundher
President
+65-6220-7745

Challenger Deep Resources Corp.
Kirk Gamley
Investor Relations
604-689-7422

Challenger Deep Resources Corp.
Mas Kobuchi
Investor Relations
604-689-7422
www.challengerdeep.ca