Chapleau Resources Conducted Coringa Gold Project

Chapleau Resources Ltd. conducted ground exploration on the Coringa gold project, immediately south of the Mato Velho project, during January and February 2007. The initial work has identified an 8 by 3 km area with over 10 km of auriferous veining related to the 17 artisanal gold workings on the property (see maps on website - www.chapleauresources.com).

The auriferous veins are related to a northwest-trending regional fracture system containing at least 4 principal vein structures with widths varying from 1 to 20 m along strike. The vein structures within the mapped undeformed feldspar porphyry and felsic intrusion have gold mineralization associated with quartz, quartz stringer zones, stockworks, sericite, kaolinite, pyrite, (+/-chalcopyrite, galena, sphalerite and tetrahedrite). Extensive strike lengths (up to 6.65 km) can be seen on the structures with veins only being worked to a depth of some 20 to 30 m in most cases. The depth of the artisanal workings is principally related to the zone of weathering and saprolitic development. Deeper workings extending to 75 m also exist (Mai de Leite gold working).

A total of 5.5 km of soil lines have been cut and 220 soil samples collected with geochemical results expected by late-March. Initial mapping of the 17 historically known artisanal gold workings has been completed and rock sampling is currently in progress. Mapping and sampling of all known gold workings on the project will continue through to mid-March 2007 with drilling expected to begin in late-March 2007.

Drilling of 13 (1,969.4 m) core holes has been completed on the Mato Velho gold project. Results for 5 of the 13 holes were released on February 07, 2007 (see website for press release - www.chapleauresources.com).

The gold assays for the remaining 8 holes will be released upon receipt.

Drilling of 16 (2,277.9 m) core holes has been completed on the Nova Canaa gold project. Results for 7 of the 16 holes were released on January 19, 2007 (see website for press release - www.chapleauresources.com). The gold assays for the remaining 9 holes will be released upon receipt. -- www.cnxmarketlink.com