CDE

Challenger Deep Resources Corp. ("Challenger" or the "Company") (TSX
VENTURE:CDE) is pleased to provide an update on development progress at its
Barito coal project in Central Kalimantan, Indonesia. The Barito project is
comprised of two production licenses, KEM and ABBR. Following the completion of
Challenger's private placement financing in April, 2013, an initial drill and
mine planning program was initiated on the KEM production license.


Summary

The KEM drilling program commenced on April 20, 2013 and, up to June 16, 2013 a
total of 25 holes have been completed.




--  Total metres drilled: 1,213m 
--  Open Hole metres: 1087m 
--  Coring metres: 126m



One Jacro 175 and one Down Hole Geophysical logging unit were mobilized to the
site to conduct the program. An additional drilling rig is to be mobilized to
the site in the near future.


Program

The first phase of the drilling program was designed to test the package of
seams from 4-8, as interpreted from surface mapping and test pitting. 


The program commenced drilling on the interpreted outcrop line of seams 5 and 6. 

Results

Drill testing on seams 5 and 6 has now been completed and drilling is currently
focused on seam 4. A total of 8 separate seams have now been intersected. The
seams from South to North include:




--  Seam 4, 4A 
--  Seam 5 
--  Seam 6 and 6A 
--  Seam 7A, 7B, 7C 



Average true thickness for each seam:



--  Seam 7c = 0.66m 
--  Seam 7b = 0.88m 
--  Seam 7a = 1.26m 
--  Seam 6 = 2.40m 
--  Seam 6a = 0.69m 
--  Seam 5 = 0.61m 
--  Seam 4 = 1.28m 
--  Seam 4A = 0.85m



Total thickness of package = 8.63 meters.

The drilling completed to date indicated that the zone covering seams 4-6 now
comprises a package of eight seams. Seams 5 and 6 have now been tested to a
maximum vertical depth of 65m and display excellent continuity, extending for a
strike length of 600m through the KEM IUP and open along strike to the NW and
SE. This confirms initial interpretations that the seams strike into
neighbouring properties including the ABBR production license. The seams strike
at 320 degrees and dip at approximately 30 degrees to the NE and are located on
the western limb of a broad, shallow synform structure. The discovery of
additional seams has the potential to increase the overall scope of the Barito
project.


Analytical results from the drilling confirm the coal quality of seam 6 compared
to the previous outcrop samples. Once the seam distribution is more fully
understood a comprehensive program of additional test pitting and drilling is
planned to type the coal quality of all the seams.


Drilling overall has confirmed:



--  seam continuity 
--  seam thickness 
--  seam quality 
--  the discovery of additional seams not found in previous outcrop mapping 



Strategy and Immediate Program

The goal of the initial program is to define seam geology and geometry with
confidence for the zone covering seams 4-8 in order to enable completion of
feasibility studies including open pit optimization and scheduling for KEM stage
1 production. 


The clarification of the seam geological model in KEM will enable cost effective
exploration on the seam package into the ABBR license. The immediate program is
to complete drill evaluation of seams 4-8 zone above and complete detailed
topographic surveys.


All the outcrop, test pit and drill samples were processed by the Geoservices
Laboratory in Banjarbaru, South Kalimantan. Industry standard Quality Control
and Quality Assurance protocols were employed in the sample acquisition,
preparation and analysis procedures.


The Qualified Person (as defined by NI 43-101) responsible for the review,
verification and approval of the technical material presented in this news
release is Mr. Andre Talaska, a director of PT Bestindo Energy, a wholly owned
subsidiary of Challenger.


About Challenger

Challenger Deep Resources Corp. is an exploration company focused on the Asian
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. 


READER ADVISORY

Statements in this press release may contain forward-looking information
including, statements regarding exploration and production and marketing
activities. Any statements that are contained in this press release that are not
statements of historical fact may be deemed to be forward-looking statements.
The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Challenger. Factors that could cause the actual
results to differ materially from those in forward-looking statements include,
granting of exploration and mining permits, surface access and other licenses
from Indonesian regulatory authorities, exploration results, the continued
availability of capital and financing, and general economic, market or business
conditions in North America and in the Asia Pacific region. The reader is
cautioned not to place undue reliance on any forward-looking information. There
can be no assurance that the proposed exploration and development programs in
Indonesia or other project acquisitions will be completed or, if completed, will
be successful or that coal production and sale will be achieved. Readers are
cautioned that there has been insufficient exploration to define a mineral
resource on the KEM Project and that it is uncertain when or if the KEM Project
will be put into production.


The forward-looking statements contained in this press release are made as of
the date of this press release, and Challenger does not undertake any obligation
to update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Challenger Deep Resources Corp.
Ranjeet Sundher
President
+65-6220-7745


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

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