Chapleau Resources Ltd.
TSX VENTURE : CHI

Chapleau Resources Ltd.

June 27, 2008 14:22 ET

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

CRANBROOK, BRITISH COLUMBIA--(Marketwire - June 27, 2008) - 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.

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

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