Chilco Warrants to Raise Over $500,000
Wednesday August 23, 10:08 am ET

LOS ANGELES, CALIFORNIA--(MARKET WIRE)--Aug 23, 2006 -- CHILCO RIVER HOLDINGS INC. (OTC BB:CRVH.OB - News) is pleased to announce that the company has recently received qualified subscriptions to exercise over $500,000 of share purchase warrants pursuant to the November 23, 2005 stock offering.

About Chilco River Holdings Inc.

Chilco River Holdings Inc. owns and operates the Bruce Hotel and Casino in Lima, Peru. The Bruce Hotel and Casino is a "destination" hotel and casino location for visitors traveling to the Republic of Peru. The Bruce Hotel and Casino business consists of a hotel, restaurants, and gaming casino. For additional information please visit www.chilcoriverholdings.com

Contact

Chilco River Holdings Inc.
Tom Liu
Chief Executive Officer
(909) 869-7933
http://www.chilcoriverholdings.com