Chariot Resources Limited
TSX : CHD

March 13, 2008 23:07 ET

Chariot Resources Limited: Press Release

TORONTO, ONTARIO--(Marketwire - March 13, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

The following is provided in connection with the current short form prospectus offering of Chariot Resources Limited ("Chariot") (TSX:CHD). Chariot announced today that it may determine to preclude the separate release of any further resource updates with respect to the Mina Justa Prospect prior to the release of the feasibility study which is expected to be completed during the second quarter of 2008. Chariot believes that this may simplify and expedite the feasibility study preparation process currently underway and will also ensure that the resource update will be disclosed as part of a complete technical report which will include an updated assessment of the project economics and will be prepared in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Chariot does not believe this change will require the filing of an updated technical report in accordance with the requirements of NI 43-101.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Contact Information

  • Chariot Resources Limited
    Ulrich (Ulli) Rath
    President & CEO
    (416) 363-4554 or Cell Phone: (416) 270-4481