Chariot Resources Ltd (CHD)

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Chariot Resources Announces Additional Positive Results From Metallurgical Testing Program and Projections for Vat Leach Operating Conditions

Wednesday April 18, 8:30 am ET

TORONTO, ONTARIO--(CCNMatthews - April 18, 2007) - Chariot Resources Limited ("Chariot") (TSX:CHD - News) is pleased to provide an update on its metallurgical testing program and to provide initial projections of operating conditions for vat leaching.. Other metallurgical information was released on January 10, 2006 and September 15, 2006; and on February 5, 2007 and March 7, 2007.

A follow-up round of thirteen vat leach tests has been completed at C.H. Plenge Laboratories in Peru. Eleven vat leach tests were carried out on one sample from Mina Justa and two vat leach test were carried out on one sample from Magnetite Manto.

The sample from Mina Justa is a composite sample made-up from a broad variety of copper oxide mineralized sections of drill core. Tests were performed using short vats (approximately 1 m high) and tall vats (approximately 5 m high). The tests on the sample from Mina Justa were done under varying conditions. Crush sizes varied between 1/4" and 3/8"; acid cure strength varied between 10 kg/t and 40 kg/t; and leach solution strength varied between 9 g/l acid and 20 g/l acid. The leach time for all tests was held constant at seven days. Highlights of the tests from Mina Justa are:

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