Warrant Information

Warrant Symbol - CHD.WT
Number Trading - 57.75 million
Expiration Date - Dec. 22, 2006
Cusip - 15963M 10 4

Warrants called to trade news:

Chariot Resources to list on TSX on Dec. 30

2004-12-24 13:16 MT - New Listing

TSX bulletin 2004-1553

An application has been granted for the original listing in the mining category of 231,084,041 common shares of which 147,734,911 common shares will be issued and outstanding and 83,349,130 common shares are reserved for issuance.

An application has also been granted for the listing of 57.75 million common share purchase warrants of which 55 million common share purchase warrants will be issued and outstanding and 2.75 million common share purchase warrants are reserved for issuance.

Each whole warrant entitles the holder to acquire one common share at an exercise price of 35 cents per share expiring on Dec. 22, 2006.

The common shares and the warrants of the company will be listed and posted for trading at the open on Thursday, Dec. 30, 2004.

The company will be subject to the reporting requirements of Section 502 of the Toronto Stock Exchange company manual.

Common share symbol: CHD

Common shares Cusip No.: 15963M 10 4

Warrant symbol: CHD.WT

Warrant Cusip No.: 15963M 11 2

Temporary market-maker: G. Phillips, RBC Capital Markets

Other markets: The common shares of the company have been listed for trading on TSX Venture Exchange since May 7, 1998. The common shares will be delisted from TSX-V on Dec. 30, 2004.

Listing statement No. 5499 is being prepared and the following constitutes information appearing in the statement

Incorporation: The company was incorporated under the laws of the Yukon on Nov. 12, 1996, under the name Hyperion Resources Corp. On Feb. 21, 2002, the name of the corporation was changed to Chariot Resources Ltd. On Oct. 28, 2004, the corporation was continued under the Business Corporations Act (British Columbia).

Fiscal year-end: April 30

Nature of business: The company is a development-stage company engaged in mineral exploration and development.

Transfer agent and registrar: Computershare Trust Company of Canada at its principal offices in Toronto and Vancouver

Share capital:

Authorized: Unlimited common shares and unlimited common share purchase warrants

Issued: 147,734,911 common shares and 55 million common share purchase warrants

Reserved: 20,099,130 common shares issuable pursuant to the company's stock option plan, of which 2,366,333 options have been granted at exercise prices ranging from 16 cents to 45 cents per with a term to expiry of five years;

55 million common shares issuable pursuant to the exercise of common share purchase warrants at an exercise price of 35 cents and expiry date of Dec. 22, 2006;

5.5 million common shares issuable pursuant to underwriters' overallotment option exercisable for 30 days from the closing of the offering; and

2.75 million common shares issuable pursuant to underwriters' overallotment option warrants at an exercise price of 35 cents and expiry date of Dec. 22, 2006.

Dividends: The company does not intend to pay dividends in the foreseeable future.

Public offering: Pursuant to a prospectus dated Dec. 21, 2004, RBC Dominion Securities Inc., Canaccord Capital Corp., GMP Securities Ltd. and Haywood Securities Inc., as underwriters, are offering 110 million units of the company at a price of 25 cents per unit, for gross proceeds of approximately $27.5-million. Net proceeds of the offering in the amount of $25.85-million will be used by the company to provide general working capital to finance continuing operations.