Tuesday, July 28, 2009

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FOR IMMEDIATE RELEASE

July 28, 2009

Vancouver, B.C.- Chancery Resources, Inc. (Chancery) (OTCBB:CCRY - News) is pleased to announce to Shareholders that a NI 43-101 compliant geological report of the El Cafetal Project has been completed.  The objective of the NI 43-101 was to assess the Preliminary Exploration Activities on the El Cafetal Mine, located in Valparaiso Municipality, Department of Antioquia, Colombia.

Prepared and submitted by James R. Reeves, Reg., P.Geo., in his capacity as a geological consultant to the Company the Technical Report was formatted on Canadian National Instrument 43-101 ("NI 43-101"), which is a mineral resource classification scheme that provides strict guidelines for the public disclosure of scientific and technical information relating to mineral properties. The recommendations outlined in the Geological report were to continue 2 phases of exploration. Phase I program has the goal of reopening and rehabilitating the caved lower tunnels for safe access, checking on previous sampling and resource data done and extending the resource through sampling the reopened portion of the mine.  In addition, geologic fieldwork on the surface is recommended to determine the presence and location of additional veins in other parts of the property and indicate the extent and grade of the stockwork mineralization.  Phase II program would include refurbishing and reconditioning of the plant and initial, trial stage production.

A .pdf copy of the NI 43-101 Compliant Geological Report is available on at our website: www.chancerymining.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with exploration for minerals; changes in the operating costs and changes in economic conditions and conditions in mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:

Chancery Resources Inc
Leila Adams, 214-288-9897
ir@chancerymining.com
www.chancerymining.com