Chariot Resources Ltd (CHD)

[sumisu]

Chariot Resources Selects Vat Leaching as Basis for Feasibility Study of Mina Justa Project Optimization Test Work Continue

Tuesday May 1, 11:30 am ET

Investor Conference Call at 2:30 pm ET, May 1, 2007

TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - Chariot Resources Limited ("Chariot") (TSX:CHD - News) announces that GRD Minproc Limited has completed the leaching process trade-off study and has recommended vat leaching as the preferred leaching process for incorporation into the feasibility study of the Mina Justa project. Other information on the leaching processes is contained in press releases dated February 5, 2007; March 7, 2007 and April 18, 2007.

The INDEC/Cade Engineering Group located in Santiago Chile has completed an evaluation of the capital and operating costs of vat leaching and thin layer heap leaching, the two leaching processes previously identified as potentially suitable for treating the Mina Justa copper oxide mineralization. GRD Minproc, the independent consultant engineer responsible for completion of the feasibility study of the Mina Justa project, has reviewed and evaluated the two studies. Highlights from these studies, with adjustments by GRD Minproc to match throughput requirements, and a comparison to the Mina Justa Scoping Study are:

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