Chapleau Resources Ltd. (Chapleau) is engaged in the acquisition and exploration of mineral properties in North America and South America. Its main focus is on exploration for gold and copper on mineral properties in Brazil and Peru. The Company has an interest in various properties, including Mato Velho, Coringa and La Yegua. Mato Velho is located in the state of Para in northern Brazil. Chapleau has an option agreement and amended agreement with Tamin Mineraçao Ltda. regarding the Coringa gold project totaling 19,092.69 hectares in the Para State. Chapleau and Bear Creek Mining Corporation (Bear Creek) have a letter of intent on the La Yegua porphyry copper (+/- gold and molybdenum) project in the Apurimac Department of southern Peru, whereby the Company can earn up to a 75 % interest in the project. La Yegua consists of 4,100 hectares of claims located 20 kilometers northeast of the Los Chancas. On September 1, 2009, Magellan Minerals Ltd. completed the acquisition of Chapleau.