Chariot Resources Ltd (CHD)

[sumisu]

Chariot Announces Substantial Progress on ESIA Related Changes on Marcobre Board

Monday June 18, 4:30 pm ET

http://biz.yahoo.com/ccn/070618/200706180397543001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - June 18, 2007) - Chariot Resources Limited ("Chariot") (TSX:CHD - News), on behalf of Marcobre SAC, the Peruvian company (70% owned by Chariot) that is developing the Mina Justa project, announces that Vector (Peru) has completed all environmental baseline studies which are an important component of the Environmental & Social Impact Assessment (ESIA) study that is currently underway for the Mina Justa Project. Under the auspices of the Peruvian Ministry of Mines, the results of these studies have been presented and discussed at a number of public meetings in the community of San Juan de Marcona. The overall reception of the Mina Justa Project has generally been very favorable.

On a related matter, Chariot also announces that Ms. Carol Fries has been appointed as a Director of Marcobre SAC ("Marcobre"), Furthermore, Ms Fries will also serve as Special Advisor to the President and CEO of Chariot, Ulrich Rath and in this capacity will provide advice and support related to Environmental and Community Relations matters relating to the Mina Justa project.

Ms. Fries replaces Mr. Jaime Soldi on the Board of Directors of Marcobre, while Mr Louis Carlos Rodrigo, currently a Director, becomes the Chairman of the Board. Mr. Bob Baxter, also a Director of Chariot, remains a Director of Marcobre.

Ms. Fries was most recently Vice-President, Environment, Health, Safety and Community Relations, with Chariot as well as Manager of Environment; Health, Safety Security and Community Relations for Marcobre. These responsibilities at Marcobre are now being assumed assumed by Mr. Jaime Soldi, General Manager with support from Mr. Maximo Ventura, Supervisor of Environment, Mr. Jorge Concepcion, Supervisor of Safety and Mr. Hugo Carrasco, Manager of Community Relations.

"I am delighted with the progress of our ESIA, and with the strong community support for our project," said Mr. Rath. "I welcome Carol Fries to the Board of Marcobre, and thank Jaime Soldi not only for his service to the Board and but also for his ongoing contributions to our critical community based programs," concluded Mr. Rath.

Chariot Resources Limited (TSX:CHD - News) is developing its 70% owned Marcona Copper Project in Peru. With exceptional infrastructure, a significant resource and strong financial and commercial partners, Chariot's Marcona Copper Project is scheduled to be a mid-tier copper producer by 2009.

Additional details about Chariot can be viewed at the Company's website, www.chariotresources.com.

CHARIOT RESOURCES LIMITED.

Ulrich (Ulli) Rath, President & CEO

Contact:
Toronto, Canada Office
Chariot Resources Limited
Ulli Rath, President & CEO
Office: [phone] or Cell Phone: [phone]

Toronto, Canada Office
Chariot Resources Limited
Forbes West
Office: [phone]
Website: http://www.chariotresources.com


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Source: Chariot Resources Limited