CHI Chapleau Resources Com Npv

Chapleau Resources Ltd. (TSX VENTURE:CHI) has initiated the Phase 3-drill
program of 7,000 m on the Coringa Gold Project in Brazil. This phase of drilling
will initially include targeting the strike and depth extensions of the
high-grade gold zone of the Meio target (200 m strike length) and drilling along
extensions and at depth of the gold zone at Serra (800 m strike length). A
summary of gold results previously reported for these 2 zones includes the
following:




-----------------------------------------------------------------------
MEIO ZONE
-----------------------------------------------------------------------
BHID                    FROM(m)        TO(m)     WIDTH(m)       Au g/t
-----------------------------------------------------------------------
BR COR DDH11             50.00        51.50          1.5         31.25
-----------------------------------------------------------------------
BR COR DDH62             56.00        59.00          3.0         65.77
-----------------------------------------------------------------------
BR COR DDH65            116.00       118.00          2.0          5.85
-----------------------------------------------------------------------
SERRA ZONE
-----------------------------------------------------------------------
BHID                    FROM(m)        TO(m)     WIDTH(m)       Au g/t
-----------------------------------------------------------------------
BR COR DDH1              33.00        34.50          1.5         29.31
-----------------------------------------------------------------------
BR COR DDH41             60.50        62.00          1.5         14.82
-----------------------------------------------------------------------
BR COR DDH42             38.00        39.50          1.5         22.47
-----------------------------------------------------------------------
BR COR DDH57             97.00        98.50          1.5         16.08
-----------------------------------------------------------------------
BR COR DDH61             98.50       100.00          1.5         15.97
-----------------------------------------------------------------------
BR COR DDH38             36.20        37.80          1.6          9.08
-----------------------------------------------------------------------



The location of all 66 drill holes for the phase 1 and 2 drill programs and the
first 12 holes for the Phase 3 program at Coringa are highlighted on the
website:www.chapleauresources.com, see maps - #'s 3 and 10).


Interpretation of the IP and magnetic survey results to date has highlighted at
least another 23 new targets representing approximately 3,450 m strike of
potential gold mineralization, which have the same and/or better chargeability
response as previously drilled gold zones such as Serra and Galena-Vesa-Boca
(see website: www.chapleauresources.com, see geophysical maps - #'s 14 and15). 


Ian Gendall, President of Chapleau, commented that: "The 62 line-km IP Survey
together with the 90 line-km magnetic survey have provided excellent data for
the definition of targets for our Phase 3 drill program. This new information
combined with the 1,109 line-km EM airborne geophysical program currently
underway and the previously released pan concentrate sample results will
significantly enhance the expansion of the currently known 10 km of gold
mineralized structures at Coringa. The discovery of additional gold-bearing
parallel structures demonstrates the potential for multiple mineralized zones at
Coringa. Favorable IP results have also allowed us to expand the survey an
additional 24 line-km to include further regional targets identified from the
pan concentrate gold anomalies." 

 
Given the accelerating advancement of Chapleau's Brazilian gold projects, the
Company is increasingly focusing on the financial requirements for project
development and strategic planning. In this light, Chapleau is pleased to
announce that it has appointed David Stypula as Vice President of Corporate
Finance. Mr. Stypula, who has a Bachelor of Science degree with a specialty in
finance, has been an investment advisor for the past 3 years with CIBC Wood
Gundy. Mr. Stypula's duties include assisting Management and the Board of
Directors in developing effective liaisons with financial institutions and
investors for the purpose of generating the necessary funds to support and
expand the scope of the Company's business.


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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