Chaparral Resources Inc. Announces Change in Control and First Quarter 2004 Results.

Business WireMay 17, 2004

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Chaparral Resources Inc. Announces Change in Control and First Quarter 2004 Results.

Energy Editors/Business Editors

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 17, 2004

Chaparral Resources Inc. (OTCBB:CHAR) today announced that Nelson Resources Limited (TSX:NLG) ("Nelson") has acquired from Central Asian Industrial Holdings N.V. ("CAIH") a majority interest in the Company.

Nelson has purchased from CAIH 22,925,701 shares of Chaparral (the "Sh...

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