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Chariot Resources Limited Announces Close of Arrangement With China Sci-Tech Holdings Limited

TORONTO, ONTARIO--(Marketwire - June 10, 2010) - Chariot Resources Limited (TSX:CHD) announced today that the previously announced plan of arrangement (the "Arrangement") with China Sci-Tech Holdings Limited (SEHK:985) has closed. Chariot's common shares are expected to be delisted from the Toronto Stock Exchange within two to three business days.

ON BEHALF OF THE BOARD OF DIRECTORS

Ulli Rath, President & CEO, CHARIOT RESOURCES LIMITED