Mina Justa Deposit

March 2007

www.chariotresources.com
TSX : CHD
 Legal Notice

FORWARD - LOOKING STATEMENTS

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statements relate to future events or the Corporations future performance
and reflect expectations and assumptions regarding the growth, results of
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Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results or
performance of the Corporation to be materially different from any future
results, performance or achievements expressed or implied by the forward-
looking statements, A discussion of factors that may affect the
Corporations actual results, performance, achievements or financial
position is contained under Risk Factors in the Corporations Annual
Information Form. There can be no assurance that actual events,
performance or results will be consistent with these forward-looking
statements and accordingly readers should not place undue reliance on
forward-looking statements. The Corporation assumes no obligation to
update or revise forward-looking statements to reflect new events or
circumstances, except as required by law.

1
 Robust Starter Project - Scoping Study

Mina Justa - 2005

Open pit (oxides & sulphides)
Low cost SX-EW & Concentrate Production
Up to 260M lbs Cu / annum
Initial Start-up Capex US$235M
NPV US$ 364M at US$ 1.20/lb Cu
IRR 28%
Unsurpassed Infrastructure

2
 Significant Increase in Copper Resources

Mina Justa 2006

Completed 61,547 metres of drilling in 2006
Measured and Indicated resources up 150% to
5.4 billion pounds
Focus on upgrading 1.7 billion pounds Inferred
Final drill program in 2007
Definitive feasibility study, environmental
assessment and debt financing underway
Start-up late 2009

3
 New Global Classified Resources In 2006

New global classified resource for Mina Justa within a 0.3% Cu cut-
off as calculated by Snowden:

* Pounds of Cu in Measured and Indicated up 150% over

2005.
*Approx. 73% of resource is Measured & Indicated.

Category M tonnes CuT(%) MlbCu

Measured + Indicated 346.6 0.71 5,418

Inferred 127.9 0.60 1,690

4
 How To Best Increase Size Of Project ?
Emphasis On New Mine Plan
Preliminary Whittle On New Resource Indicates Total
Pounds Copper Produced Could Increase 60%
Mine Plan Scoping Study Revised Plan
Leaching 120 MT @ 0.62% 175MT @ 0.57% + 20%
Flotation 22 MT @ 2.00% 66MT @ 1.30% + 129%
Total 142 MT @ 0.82% 241MT @ 0.77% + 60 %

Value Of Mina Justa has Shifted to Sulphides/Floatation

Looking at extending leach life beyond 11 years; and
Looking at doubling size of concentrator

5
 Regional Setting

Project Located in World Class IOCG Mineralized Belt

PERU

Lima

MARCONA Mantos Blancos 400Mt @ 1.0% Cu

Iron/Copper
DISTRICT Manto Verde 250Mt @ 0.75% Cu
Candelaria 470Mt @ 0.95% Cu (0.2g/t Au, 4.5g/t Ag)

El Soldado 200Mt @ 1.5% Cu

Mina Justa is first >200Mt copper discovery made in

South America in almost 10 years

6
 Unsurpassed Infrastructure

Within 25km of Project:

Paved highway (Pan

American)
National Power Grid
Skilled Labour
Water Source
2 Deep Water Sea Ports

7
 Ideal Mining Location

Low elevation

Flat, sparsely vegetated terrain

No archaeological issues

No nearby farming communities - surface rights owned

by vendor and Government of Peru

No nearby parks or environmentally sensitive

sensitive areas
areas

8
 Unique Strategic Partnership

Chariot has formed a unique joint venture with two significant Korean
groups:

Korea Resources Corporation (Govt. of Korea)

&
LS-Nikko Copper Inc. (owner of Onsan copper smelter)

JV company (Marcobre S.A.C): 70% Chariot, 30% Korean Partners

Contribute 30% of acquisition, exploration and development

LS-Nikko has right to purchase majority of output for 10 years
on market terms

70% of cathode + 90% of concentrate production

Agreement on project financing reduces project risks

9
 Vat Leaching Simple Proven Process

10
 Exploration Potential Around Mina Justa

Land position 33,000 ha (127 sq. m)

11
 Year 2007 Is Important We Have Ambitious Targets

Drilling (Delineation, Exploration,

Construction
Geotech)

Feasibility Study Production

Environmental Impact
Assessment

Financing

Permitting

12
 Research Coverage Has Increased

Well covered by Canadian analyst community

Canaccord Adams
Haywood Securities
Laurentian Bank
Paradigm Capital
Raymond James
RBC Capital
Westwind Partners

13
 Financial Status

Raised C$ 75M to
date
Cash C$ 28M
Base Case costs
funded through
2007

14
 Directors & Officers

Ed Thompson - Chairman
Ex Anglo American, ex President PDAC
Geologist
Ulli Rath President & CEO
Ex - Rio Algom / CEO Milpo
Geologist, 38 years experience, 5 years Peru
Bob Baxter Director
Ex Savage Resources / North Limited
Geologist, 25 years experience, 10 years Peru
David Bell - Director
Founder of the Hemlo Gold Deposit
Geologist
John Kutkevicius Director
Lawyer International Tax Specialist
Fernando Porcile Director
Ex President, South American Copper for Falconbridge
Mining Engineer, over 40 years experience in the mining industry

15
 Capital Structure

Outstanding Shares: 302M

Options : 12M

Shareholder Composition: 50% Institutional

50% Retail

Largest Shareholder 19.9% Rio Narcea

Directors/Insiders 8M shares and options

16
 Investment Highlights

Perus next copper mine Mina Justa Project:

August 12 Site Visit\DSC01113.JPG
9
9Mining
Mining friendly country
9
9excellent
excellent location and infrastructure
9
9Modest
Modest start -up capital
start-up
9
9Potential
Potential for long life low cost production
9
9Significant
Significant exploration upside
9
9Production
Production planned for 2009

Strong
Strong Management

Strategic
Strategic Partners

Excellent
Excellent Infrastructure

Robust
Robust Project

17
 March 2007

Peru Canada
Av. Benavides 1180 Suite 702, 55 University Ave
Miraflores Toronto, Ontario
Lima 18 M5J 2H7

T 51.1.617 1313 T 1.416.363 4554

F 51.1.446 4652 F 1.416.363 2444

www.chariotresources.com