Chapleau Resources Ltd. Negotiates a $900,000 Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES 


Chapleau Resources Ltd. (TSX VENTURE:CHI) wishes to announce that it has
negotiated a non-brokered private placement of 2,000,000 units at $0.45 for
proceeds of $900,000.


Each unit consists of one share and one two-year warrant exercisable at $0.60 in
year one and $1.00 in year two.


Proceeds will be used for continued exploration on the Company's Brazilian Gold
Projects.


The proposed private placement is subject to TSX Venture Exchange approval.

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.