SOURCE: Chancery Resources, Inc.

November 25, 2008 09:56 ET

Chancery Resources Announces Strategy and Corporate Goals on Its Mineral Exploration Properties

VACOUVER, BC--(Marketwire - November 25, 2008) - Chancery Resources, Inc. (Chancery) (OTCBB: CCRY) is pleased to announce foundations of its strategy and corporate goals on its Mineral Exploration Properties. With the HCL Property, a block of contiguous mining claims located in Merritt, British Columbia, Canada and El Cafetal Gold Mine in the historic Valparaiso gold mining district, Colombia, Chancery Resources reaffirms its corporate mission of acquiring, developing, and expanding potential prospects to proven gold and mineral properties into world-class assets. With a focus on acquiring interest in properties through mineral evaluation in mining friendly areas, Chancery's goal is to create increased value for our shareholders and partners in a socially and environmentally responsible manner. For 2009, the Company will drill on HCL property in an effort to discover new gold zones at depth and along strike zone, significant exploration potential. A 15,000 meter exploration program to test for new zones and N.I. 43-101 compliant review is projected for 2nd quarter of next year.

Jeffrey Fanning, Vice President of Exploration, commented: "With current market conditions and rising mineral prices, we are looking into more strategic opportunities and assets carefully selected to expand and diversify our asset portfolio."

Notice Regarding Forward-Looking Statements

Forward-Looking Statements: With the exception of historical information contained in this press release, this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to, the effect of economic conditions, the impact of competition, and the results of financing efforts. The word "plans to," "possible "and" seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

2008 Chancery Resources, Inc. The information herein is subject to change without notice. Chancery Resources, Inc. shall not be liable for technical or editorial errors or omissions contained herein.

Contact Information

  • Contact:

    Carisa Newsom
    Vitae Investor Relations
    Email: Email Contact
    Tel: 1-214-484-9333