FOR IMMEDIATE RELEASE

MAY 27, 2008

CHANCERY RESOURCES INC. ANNOUNCES THE LAUNCH OF ITS NEW CORPORATE WEBSITE

Medellin- Chancery Resources Inc. (Chancery) OTCBB: CCRY is pleased to announce today that it has launched its new corporate website www.chancerymining.com Investors will be able to access corporate information, news releases, SEC filings tracking Chancery’s progress as it develops and expands its core project the El Cafetal Mine, a gold, silver and copper concession in Valparaiso, Colombia. Chancery Resources' corporate mission is to acquire, develop, and expand proven gold and mineral properties into world-class assets. With a focus on the rich gold deposits of Colombia, Chancery’s goal is to create increased value for our shareholders and partners doing so in a socially and environmentally responsible manner.

Notice Regarding Forward Looking Statements

This release contains forward-looking statements that are based on the beliefs of Chancery Resources Inc’s management and reflect Chancery’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate, "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may,"
"should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Chancery with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward looking statements.

Juan Restrepo Gutierrez
President & CEO
Chancery Resources Inc
Calle 10 No. 25 – 103.
Apto 110,
Medellin, Colombia

Email: info@chancerymining.com

Tel: 011-57-312-776-5740