Chapleau Resources Ltd. Receives Approval for $2.5 Million Private Placement

Chapleau Resources Ltd. (TSX VENTURE:CHI) - 

Further to the Company's news release dated June 18, 2008, the Company is
pleased to announce that it has received TSX Venture Exchange approval for and
closed its private placement in respect to 5,000,000 units, at the price of
$0.50 per unit, to raise proceeds of $2,500,000.  All of the shares, warrants
and any shares issued upon exercise of the warrants comprising the units are
subject to a hold period and may not be traded in British Columbia and Ontario
until October 28, 2008 except as permitted by the Securities Act (British
Columbia) and Securities Act (Ontario) and the Rules made thereunder and the TSX
Venture Exchange.


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.