Chapleau Resources Ltd.
TSX VENTURE : CHI

Chapleau Resources Ltd.

April 24, 2008 12:48 ET

Chapleau Drills High Grade Gold in Coringa, Brazil-3 m (56 to 59 m) of 65.77 g/t (1.92 oz/t) Au Intersected in Hole 62

CRANBROOK, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Chapleau Resources Ltd. (TSX VENTURE:CHI) is very pleased to report a significant high grade gold intersection on the Meio structure at the Coringa gold project in Brazil. Hole 62 intersected 3 m of 65.77 g/t (1.92 oz/t) Au, 65.17 g/t (1.90 oz/t) Ag, 6.03 % Pb, 4.35 % Zn and 0.45 % Cu from 56 to 59 m. This hole was drilled approximately 50 m southeast of hole 11 (2 m of 23.67 g/t Au, 28.25 g/t Ag and 1.67 % Pb from 50 to 52 m) confirming continuity of high grade gold mineralization on the Guaxebinha-Meio-Onca structure which has a strike length of 1120 m. Results for an additional two (2) holes on Meio are awaited.

The second phase exploration drilling of 44 diamond drill holes, from holes 23 to 66, totaling 5031.70 m was completed in March, 2008 and results for 7 holes are still outstanding. Gold results received for the first 37 holes of the second phase drilling have also confirmed excellent continuity along strike and to a depth of approximately 100m of the mineralized shear vein structures such as Serra (700 m) and Galena-Vesa-Boca (400 m). Drill results and in-house modeling of the shear structures have confirmed "stacked" quartz veins at Serra and plunging high grade zones of gold mineralization along various sections of the mineralized structures. Gold mineralization is also open along several more structures which currently have only one or two drill holes on them (see maps on website: www.chapleauresources.com).

The high grade gold intersections within larger envelopes of gold, silver, lead, zinc and copper mineralization associated with the drilled shear zones is very encouraging in moving Coringa forward in the definition of a potential gold resource. Less-than 12% of the claim area has been explored and the significant drill results to date, coupled with more recent identification of gold in pan concentrates beyond the current drill targets opens gold mineralization in all directions beyond the current known mineralized structures. Extensive follow-up geophysical programs and soil sampling along extensions of known mineralized structures and also in areas of cover outside of the current drilling are currently being planned.

The results for holes 44 to 62 are highlighted in the Tables below:



Summary of Drill Hole Results: Guaxebinha-Meio-Onca Structure

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Structure Mineralization
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Hole
BR_COR_# From To Width Gold Silver Copper Lead Zinc
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m g/t g/t % % %
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Guaxebinha
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DDH 14(i) 55.00 57.00 2.00 1.31 20.70 - 4.44 1.30
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Meio
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DDH 11(i) 50.00 52.00 2.00 23.67 28.25 0.22 1.67 0.88
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DDH 12(i) 49.00 50.00 1.00 3.43 4 - 0.12 -
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DDH 62 56.00 56.50 0.50 3.47 10.00 0.03 0.87 0.26
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56.50 57.00 0.50 59.80 65.00 0.37 8.60 5.20
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57.00 57.50 0.50 25.56 40.00 0.50 1.80 0.85
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57.50 58.00 0.50 149.80 135.00 0.61 10.40 11.00
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58.00 58.50 0.50 82.31 76.00 0.58 6.80 2.50
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58.50 59.00 0.50 73.70 65.00 0.63 7.70 6.30
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59.00 63.50 4.50 0.69 BD - 0.33 0.18
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DDH 63 Awaiting Results
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DDH 65 Awaiting Results
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Onca
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DDH 13(i) 76.00 76.5 0.50 11.22 22.00 0.11 0.24 -
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(i) Previously reported results in press release of August 30, 2007
- BD - Below detection limit of less than 0.1 g/t Ag
- Gold assays greater than 0.5 g/t Au are reported with the exception of
gold values included within mineralized intervals with widths of greater
than 1 m.
- Cu, Pb and Zn values greater than 0.1 % are reported with the exception
of Cu, Pb and Zn values included within mineralized intervals with widths
of greater than 1 m.


Summary of Drill Hole Results: Serra, Boca, Das Pacas, Eloy and
Da Roca Structure

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Structure Mineralization
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Hole
BR_COR_# From To Width Gold Silver Copper Lead Zinc
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M g/t g/t % % %
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Serra
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DDH 44 50.10 51.10 1.00 0.60 BD - - -
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61.00 61.50 0.50 0.77 BD - - -
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DDH45(i) 28.20 28.70 0.50 3.87 4.30 - - -
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44.50 45.00 0.50 5.06 BD - - -
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70.00 71.00 0.50 0.87 1.20 - - -
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81.00 81.50 0.50 24.69 66.00 0.29 - -
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DDH 46 112.10 112.70 0.60 19.50 BD - - -
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DDH 47 85.50 86.00 0.50 0.54 BD - - -
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DDH 48 No significant results
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DDH 49 62.60 63.10 0.50 7.31 9.30 - - -
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DDH 50 42.60 42.80 0.20 6.49 14.00 - - -
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DDH 52 No significant results
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DDH 55 46.00 47.00 1.00 44.51 84.00 0.13 1.1 0.26
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88.50 89.00 0.50 1.28 4.00 - - -
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92.50 93.00 0.50 3.78 6.80 - - -
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103.00 105.00 2.00 4.57 11.18 - 0.38 0.30
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108.40 109.00 0.60 15.85 52.00 - 0.11 -
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DDH 57 No significant results
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DDH 59 86.00 86.50 0.50 0.89 5.70 - - -
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DDH 59 96.50 97.20 0.70 12.72 6.90 - - -
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DDH 59 111.50 112.10 0.60 1.19 33.00 - 0.49 0.51
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DDH 59 112.10 112.60 0.50 8.13 15.00 - - -
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DDH 61 Awaiting Results
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DDH 64 Awaiting Results
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Boca
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DDH 58 98.00 98.50 0.50 48.10 13.45 - 0.19 -
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DDH 60 82.50 83.00 0.50 2.11 BD - -
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DDH 58 Awaiting Results
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DDH 60 Awaiting Results
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Das Pacas
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DDH 66 Awaiting Results
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Eloy
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DDH 51 51.50 51.80 0.30 0.54 BD - - -
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DDH 53 44.40 44.90 0.50 7.47 BD - 0.56 0.41
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DDH 54 No significant results
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Da Roca
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DDH 56 56.00 57.00 1.00 1.19 BD - - -
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(i) Previously reported results in press release of February 26, 2008
- BD - Below detection limit of less than 0.1 g/t Ag
- Gold assays greater than 0.5 g/t Au are reported with the exception of
gold values included within mineralized intervals with widths of greater
than 1 m.
- Cu, Pb and Zn values greater than 0.1 % are reported with the exception
of Cu, Pb and Zn values included within mineralized intervals with widths
of greater than 1 m.


Ian Gendall (President) commented: "We are extremely encouraged with the latest results at Coringa and are continuing to expand the gold mineralization beyond areas previously drilled in 2007. Gold mineralization continues to be intersected in the majority of the holes and we are confident that we now have sufficient drill holes on 1.1 km of the 10 km of gold mineralized vein structures to potentially define a gold resource".

Drill holes were inclined at between 50 degrees and 60 degrees with a maximum of 185.10 m core length. Core recovery for the mineralized intervals averaged greater than 95%. The estimated true widths of all the mineralized intervals are approximately 90% of the intersected widths in the holes. Gold mineralization occurs within silicified, quartz veined and sericite altered shear zones surrounded by hematitic and propylitic envelopes within granite and rhyolites. Principal sulphide mineralization includes pyrite, galena, sphalerite and chalcopyrite between 0.5% and 20.0%.

Drill cores for assaying from holes 46 to 66 were taken at a minimum of 0.2 m and maximum of 2.0 m intervals. All core samples (HQ diameter) were cut with a diamond saw and one-half of the core placed in bags, numbered and sealed then sent via a secure transport agency to the SGS Geosol laboratory in Itaituba in Brazil for preparation and the pulps sent directly to the SGS Geosol laboratory in Belo Horizonte and Vespasiano for analysis. The core samples were crushed down to 2 mm, a split of 250 to 300 g was taken and pulverized to better than 95% minus 150 mesh. Gold analysis was by fire assay of a 30 g sample and an atomic absorption finish. Silver and additional 32 elements using aqua regia acid digestion were analyzed by Inductively Coupled Plasma (ICP). As part of the Company's QA/QC program duplicates, blanks and internationally recognized standards were included in the sample batches to check on assay precision and accuracy. SGS Geosol which is an ISO 9001:2000 and ISO 14001: 2004 registered laboratory also has a quality control program in place which includes standards and duplicates.

This press release was prepared by Ian Gendall, Pr. Sci. Nat., a qualified person in compliance with National Instrument 43-101.

For technical information regarding this press release, kindly contact Ian Gendall at 604 669 8511.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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