Chapleau Resources Ltd.: Company Closes Recently Announced Private Placement

Thu Jun 5, 2:23 PM

CRANBROOK, BRITISH COLUMBIA--(Marketwire - June 5, 2008) - Chapleau Resources Ltd. (TSX VENTURE: CHI.V) - Further to the Company's news release dated May 14, 2008, the Company is pleased to announce that it has received TSX Venture Exchange approval for and closed its private placement in respect to 2,000,000 units, at the price of $0.45 per unit, to raise proceeds of $900,000. All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period and may not be traded in British Columbia until September 24, 2008 except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture Exchange.

BY ORDER OF THE BOARD OF DIRECTORS OF

CHAPLEAU RESOURCES LTD.

James Stypula, CEO & 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.

Contacts

James Stypula
Chapleau Resources Ltd.
CEO & Director
(250) 489-5156
(250) 489-5185 (FAX)
Email: info@chapleauresources.com
Website: www.chapleauresources.com