CHI Chapleau Resources Com Npv

Chapleau Resources Ltd. (TSX VENTURE: CHI) continues to intersect high grade gold, silver and lead at depth on the Meio structure at the Coringa gold project in Brazil. Hole 67 (first of the 3rd phase drill program of 7,000 m) intersected 1.50 m of 23.45 g/t gold, 39.33 g/t silver, 3.53 % lead, 0.30 % zinc and 0.20 % copper from 107.5 to 109.0 m. Hole 67 was drilled approximately 50.0 m east of Hole 62 with a previously reported intersection of 3.0 m of 65.77 g/t (1.92 oz/t) gold, 65.17 g/t (1.90 oz/t) silver, 6.03 % lead, 4.35 % zinc and 0.45 % copper from 56.0 to 59.0 m (see location map on website: www.chapleauresources.com/projectmaps.php?ID=11).

Results for an additional 2 drill holes (DDH68 and DDH69) have also being received and the three holes confirm consistent gold mineralization associated with a shear zone, which is open at depth and in a northwest and southeast direction. To date a total of 13 drill holes (1,653.0 m) in the 3rd phase program have been completed over a strike length of 473.0 m. Results for the remaining holes will be released on receipt of assays from SGS Geosol Laboratory.

The summary of gold, silver, copper, lead and zinc results for the 3rd phase drill holes on the Meio, structure are highlighted in the table below.

        Summary of Drill Hole Results for the 3rd Phase Program
------------------------------------------------------------------------
Structure                          Mineralization
------------------------------------------------------------------------
Hole
BR_COR_#      From       To  Width   Gold  Silver   Copper   Lead   Zinc
------------------------------------------------------------------------
                             metre   (g/t)   (g/t)       %      %      %
------------------------------------------------------------------------
Meio
------------------------------------------------------------------------
DDH67        22.00    24.50   2.50   1.54    3.54        -   0.59   0.11
------------------------------------------------------------------------
includes     22.00    22.50   0.50   3.84       -        -   0.59   0.22
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH67       107.50   109.00   1.50  23.45   39.33     0.20   3.53   0.30
------------------------------------------------------------------------
includes    108.50   109.00   0.50  36.65   44.00     0.17   2.58   0.37
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH68       149.00   155.00   6.00   4.28    7.50        -   0.48   0.03
------------------------------------------------------------------------
includes    154.00   155.00   1.00  16.83   12.40        -   4.70      -
------------------------------------------------------------------------

------------------------------------------------------------------------
DDH69       169.80   170.30   0.50   1.15       -        -      -      -
------------------------------------------------------------------------

- Gold assays greater than 0.5 g/t Au are reported with the exception of
  gold values included within mineralized intervals with widths of greater
  than 1 m.

- Cu, Pb and Zn values greater than 0.1 % are reported with the exception
  of Cu, Pb and Zn values included within mineralized intervals with widths
  of greater than 1 m.

During November 2008, the remaining 8.7 km of the 70.7 -line km IP (induced polarization) dipole-dipole, geophysical survey and the time domain electromagnetic (EM) geophysical survey of 1,109.0 line-km were completed. These two geophysical surveys were done to cover all identified gold vein structures, pan concentrate and gold in soil anomalies both at Coringa and Mato Velho. Results from the EM and the remaining 8.7 km of the IP surveys are awaited in order to further delineate future drill targets on the 31,995 ha of claims.

Drill holes were inclined at between 50 degrees and 60 degrees. Core recovery for the mineralized intervals averaged greater than 95%. The estimated true widths of all the mineralized intervals are approximately 90% of the intersected widths in the holes. Gold mineralization occurs within silicified, quartz veined and sericite altered shear zones surrounded by hematitic and propylitic envelopes within volcanic rhyolites. Principal sulphide mineralization includes pyrite, galena, sphalerite and chalcopyrite between 0.5% and 20.0%.

Drill cores for assaying were taken at a minimum of 0.5 m and maximum of 2.0 m intervals. All core samples (HQ 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 SGS Geosol Laboratory in Itaituba in Brazil for preparation and the pulps sent directly to the SGS Geosol Laboratory in Belo Horizonte and Vespasiano for analysis. The core samples were crushed down to 2 mm, a split of 250 to 300 g was taken and pulverized to better than 95% minus 150 mesh. Gold analysis was by fire assay of a 30 g sample and an atomic absorption finish. Silver and additional 32 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. SGS Geosol, which is an ISO, 9001:2000 and ISO 14001: 2004 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

Signed:

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Chapleau Resources Ltd. Ian Gendall (604) 669-8511 (604) 669-7712 (FAX) Email: info@chapleauresources.com Website: www.chapleauresources.com