Challenger Announces Closing of Private Placement

Challenger Deep Resources Corp. (TSX VENTURE:CDE) ("Challenger" or the
"Company") announces that it has successfully closed its previously announced
non brokered private placement consisting of 2,250,000 units for gross proceeds
to the Company of $1,350,000 (the "Private Placement"). All of the units were
sold to arm's-length investors at a purchase price of $0.60 per unit. Each unit
consists of one common share and one common share purchase warrant. Each warrant
entitles the holder to purchase an additional common share of the Company at any
time until December 21, 2013 and is exercisable at a purchase price of $0.75 per
share. All securities issued in connection with the Private Placement are
subject to a four month plus one day hold period. Finder's fees of $64,323 cash
and 107,205 finder's warrants were paid to eligible parties in connection with
the Private Placement. The finder's warrants have the same terms as the warrants
issued under the Private Placement. The proceeds from the Private Placement will
be used for the continued exploration and development of the Company's Tabang
Coal Project in East Kalimantan, Indonesia and for general corporate purposes.
The completion of the Private Placement is subject to final approval from the
TSX Venture Exchange.


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 the expected use of proceeds from the Private
Placement. 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 permits, surface access 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.