Developing The Highly Acclaimed Coringa Property in Brazil

High Grade Gold Of 28.80 g/t Au, with 95.50 g/t Ag, 3.51% Pb and 0.66% Zn Intersected over 1.0 m at Coringa

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Message: Chapleau Resources Ltd. Negotiates a $450,000 Private Placement

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Chapleau Resources Ltd. Negotiates a $450,000 Private Placement

posted on Feb 05, 08 06:03AM

CRANBROOK, BRITISH COLUMBIA - Feb. 5, 2008) - Chapleau Resources Ltd. (TSX VENTURE:CHI) wishes to announce that it has negotiated a non-brokered private placement in its Capital Stock of 1,000,000 units @ $0.45 for proceeds of $450,000.

Each unit consists of one share and one 2-year warrant exercisable at $0.60 in year one and $1.00 in year two.

Proceeds will be used for continued drilling on the Company's Brazilian Gold Projects.

This press release is available on the Chapleau Resources IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/Chapleau.

BY ORDER OF THE BOARD OF DIRECTORS

CHAPLEAU RESOURCES LTD.

Eric Wiltzen, Director

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.