IP Survey Confirms the Strike and Depth Extension of the Gold-Silver + Base Metal Structures at Coringa, Brazil - Phase 2 Drilling of 5000 m to Commence

    Trading Symbol: CHI:  TSX-V

    VANCOUVER, Oct. 11 /CNW/ - Chapleau Resources Ltd. (CHI: TSX-V) has
completed a 34 line-km Induced Polarization (IP) - dipole-dipole geophysical
survey over the northwestern part of the known gold-silver and base metal
mineralized structures at Coringa. See website www.chapleauresources.com for
maps. A well developed chargeability anomaly is associated with the
Galena-Vessa-Boca-Juara mineralized structure extending over 1.4 km and is
open to the northwest and southeast. The IP survey also confirmed the
extension of the Serra structure over 800 m and open to the southeast of Hole
19. The chargeability anomaly associated with the mineralized structures is
confirmed to depths of 137 m.
    The Phase 2 diamond drill program of 5,000 m has commenced on the 1.4 km
Galena-Vessa-Boca-Jaura mineralized structure and the 800 m Serra mineralized
structure. This phase of drilling is being done with two drill rigs.
    This press release was prepared by Ian Gendall, Pr. Sci. Nat., a
qualified person in compliance with National Instrument 43-101.



SOURCES LTD. "Eric Wiltzen" ----------------------- Eric Wiltzen/President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.

For further information:

For further information: For technical information regarding this press
release, kindly contact Ian Gendall at (604) 669-8511

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