Chariot Resources Limited
TSX : CHD

January 12, 2007 09:18 ET

Chariot Resources Limited Announces Stock Option Grants

TORONTO, ONTARIO--(CCNMatthews - Jan. 12, 2007) - Chariot Resources Limited (TSX:CHD) announced that pursuant to the Company's stock option plan, Chariot has granted incentive stock options to its directors, employees and consultants to purchase up to an aggregate of 3,685,500 common shares in the capital stock of the company, exercisable for a period of 10 years, at a price of Cdn$0.57 per share. The total number options now outstanding, 13,894,333 represents 4.6% of the Company's issued and outstanding common shares (4.4% on a fully diluted basis).

ON BEHALF OF THE BOARD OF DIRECTORS OF CHARIOT RESOURCES LIMITED.

"Ulli Rath", President & CEO

The Toronto Stock Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release.

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