CHI Chapleau Resources Com Npv

Chapleau Resources Ltd. (TSX VENTURE:CHI) has completed the seven (7) hole
diamond drill program of 1,366.80 m at the La Yegua porphyry copper-gold project
in Peru. Geochemical results for five (5) of the seven (7) holes have been
received of which results for Holes #1 and #3 were previously reported (see
press release of February 20, 2008).


The copper and gold results for Holes #2, #4 and #5 also confirm the presence of
low grade copper and anomalous gold throughout the mineralized crowded feldspar
porphyry which was intersected in the three (3) holes. A summary of the results
is as follows:


- Hole #2 intersected 189.6 m of 0.15% Cu and 0.03 g/t Au from 0 to 189.6m.

- Hole #4 intersected 150.0 m of 0.14 % Cu and 0.05 g/t Au from 20.0 to 170.0 m.

- Hole #5 intersected 56.0 m of 0.14% Cu and 0.06 g/t Au from 18.0 to 74.0 m and
162.7 m of 0.19 % Cu and 0.04 g/t Au from 76.0 to 238.7 m. Included in this was
a 10.0 m interval of 0.48 % Cu and 0.07 g/t Au from 96.0 to 106.0 m.


The low grade copper and anomalous gold values in Holes #2, #4 and #5 together
with, potassic alteration in the form of orthoclase flooding and secondary
biotite within a crowded feldspar porphyry plus disseminated chalcopyrite
mineralization, quartz veining and minor pyrite confirms a porphyry copper
system is present at La Yegua albeit with low grade copper in the holes reported
to date.


The drilling at La Yegua has been confined to a target area of approximately 600
m x 600 m, representing less than 1.0 % of the 4,100 hectare claim block.
Results for Holes #6 and #7 are awaited and summary logs together with copper
and gold values for Holes #2, #4 and #5 are posted on the Chapleau website
www.chapleauresources.com.


La Yegua consists of 4,100 hectares of claims located only 20 km northeast of
the Los Chancas porphyry copper deposit with a reported 4.4 billion pounds of
copper and 771,600 oz of gold (200 million tonnes @ 1.0 % Cu, 0.12 g/t Au and
0.08 % Mo). Los Chancas is owned by Southern Copper Corporation.


On January 29, 2008, Chapleau and Bear Creek Exploration Company Ltd., a wholly
owned subsidiary of Bear Creek Mining Corporation (TSX VENTURE:BCM), signed a
Definitive Option Agreement on the La Yegua project whereby Chapleau can earn up
to a 75 % interest in the project. The terms of the Option Agreement allow
Chapleau to earn a 51% interest in the property by spending a total amount of
US$2,775,000 in exploration over a four (4) year period and the granting of the
equivalent of US$350,000 in Chapleau shares during the four (4) years. With the
issuance of an additional 1,250,000 shares, Chapleau may increase the vested
interest from 51% to 75%.


The first four (4) holes at La Yegua were drilled vertically and Hole #5 was
drilled at an angle of 60 degrees with an azimuth of 050 degrees. Drill cores
were taken at a minimum of 0.6 m and a maximum of 2.0 m intervals. All core
samples (HQ and NQ diameter) were cut with a diamond saw and one-half of the
core placed in bags, numbered and sealed then sent via a secure transport agency
to the Company's main office in Lima, Peru for shipping directly to the ALS
Chemex laboratory in Lima. The core samples were then crushed down to 2 mm, and
a split of 250 g was taken and pulverized to better than 85% minus 200 mesh.
Gold analysis was by fire assay of a 30 g sample and an atomic absorption
finish. Copper and an additional 40 elements using aqua regia acid digestion
were analyzed by Inductively Coupled Plasma (ICP). As part of the Company's
QA/QC program duplicates, blanks and internationally recognized standards were
included in the sample batches to check on assay precision and accuracy. ALS
Chemex which is an ISO 9001:2000 and ISO 17025: 2005 registered laboratory also
has a quality control program in place which includes standards and duplicates.


This press release was prepared by Ian Gendall, Pr. Sci. Nat., a qualified
person in compliance with National Instrument 43-101.


For technical information regarding this press release, kindly contact Ian
Gendall at 604 669 8511.


BY ORDER OF THE BOARD OF DIRECTORS

CHAPLEAU RESOURCES LTD.

Ian Gendall, President

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.

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