Challenger Deep Resources Corp. ("Challenger" or the "Company") (TSX
VENTURE:CDE) is pleased to provide an operations progress update on its ATRP
property, part of Challenger's Tabang Project located in East Kalimantan,
Indonesia.


Following the issuance of the IUP Exploration permit for the ATRP property,
Challenger completed a drill program producing results (news release dated
September 13, 2011) which have encouraged the Company to initiate the steps
required to obtain an IUP Operation Producing (Mining) permit for the property.


Fundamental requirements for the mining permit application by the Company
include the preparation of both feasibility and environmental impact
studies,both of which have now commenced.


PT Integral Multi Talenta, a Mines Department of Kutai Kartenegara region
approved consultant, has been engaged to prepare the environmental impact study.
Challenger's mining consultants, PT Bestindo Kwadratama have been engaged and
are preparing the Feasibility Study.


In addition, as part of the process to bring the ATRP property into production,
a 300 ha area has been targeted for initial mining. The area is presently being
detail mapped and sampled in order to optimize the reserve delineation drill
program. 120 ha of this detail mapping and sampling has been completed to date.


Challenger's Tabang Project presently comprises four properties, the ATRP
property and the Pelangi property, both of which are under Conditional Sales and
Purchase Agreements, and two other properties under MOU for acquisition.
Challenger is reviewing additional acquisition candidates within its overall
Tabang Project area.


The Qualified Person (as defined by NI 43-101) responsible for the review 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
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. 


READER ADVISORY 

Statements in this press release may contain forward-looking information
including, statements regarding expected exploration activities and property
related agreements and permits. Any statements that are contained in this press
release that are not statements of historical fact may bedeemed 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 permits, surface
access, mining and other licenses from Indonesian regulatory authorities,
preliminary 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 programs in Indonesia or other project acquisitions will be
completed or, if completed, will be successful.


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.