Chariot Resources Ltd (CHD)

[sumisu]

Chariot Announces Additional High Grade Cu Oxide Intercepts From Three Areas 16 Metres @ 3.27%; 24 Metres @ 2.46%; 28 Metres @ 2.00%; 36 Metres @ 0.95%; and 42 Metres @ 1.09%

Tuesday June 26, 9:03 am ET

TORONTO, ONTARIO--(CCNMatthews - June 26, 2007) - Chariot Resources Limited ("Chariot") (TSX:CHD - News) is pleased to announce additional drill results from its planned 40,000 metre 2007 drilling campaign at the Marcona Copper Project. Results reported today are from the Northern Oxide, Western Pit Extension and Southern Extension areas. Previous drill results where released on May 17, and May 10, 2007 and August 1, 2006.

Northern Oxides: The Northern Oxides area is situated in the northern portion of the Mina Justa ultimate pit boundary. The results released today are from 10 holes that were intended to evaluate the northern extension of this area, as well as to better define its high grade core. The Scoping Study has identified this area as having the potential to become a high grade copper oxide starter area that could produce in parallel with or sequentially to production from the Magnetite Manto starter pit.

All 10 holes drilled in the Northern Oxides area contained intercepts of mineralization of 0.5 % Cu or more over significant intersections; and 7 of the 10 holes had grades of between 1.02% Cu to 3.27% % Cu over significant intersections. Notable highlights from the drilling at Northern Oxides are (all results are copper oxide mineralization):

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