Chariot Resources Limited
TSX : CHD

Chariot Resources Limited

November 16, 2009 08:50 ET

Chariot Resources Announces Mina Justa ESIA Approved For Public Distribution

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2009) - Chariot Resources Limited (TSX:CHD) ("Chariot" or the "Company") is pleased to announce that the Executive Summary and the Public Participation Plan elements of the Environmental Social Impact Assessment (ESIA) for the Mina Justa Project, have been approved for public distribution by the Peru's Ministry of Energy and Mines and that the review process can continue. A public workshop to be held in the local community, San Juan de Marcona, has been scheduled for December 10, 2009 and is to be followed by a full public hearing in the community on January 8, 2010.

"We are pleased to have received such rapid government approval for these key elements of the Mina Justa Project ESIA, so that the public participation phase of the review process can be launched. These steps are critical to getting ultimate approval of the Mina Justa Project," said Ulli Rath, President and CEO.

"We are continuing to add value to our project to compliment an already robust sales process that is underway in an effort to present a very attractive package to the market," concluded Mr. Rath.

ON BEHALF OF THE BOARD OF DIRECTORS

Ulli Rath, President & CEO

CHARIOT RESOURCES LIMITED

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian Securities Regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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