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Chancery Resources Announces Operations update forecast and grow opportunities for 2009

December 4, 2009

VANCOUVER, Dec. 2 /PRNewswire-FirstCall/ – Chancery Resources, Inc. (Chancery) (OTCBB:CCRY – News) is pleased to announce an update in operations as Q3 2009. Highlights on “El Cafetal” property in Antioquia, Colombia, include a NI 43-101 resource assessment completed, including recommendations for expansion and additional mineralization in the area and include refurbishing and reconditioning of the plant and initial, trial stage production. Our properties HCL & Felder in British Columbia are on schedule for the exploration program at the end of Q1 2010 or sooner as weather permits. We are looking into more strategic opportunities and assets carefully selected to expand and diversify our asset portfolio before the end of the year 2009. Lastly, the company is meting with few Securities Companies to act as Agent for a private placement or corporate debenture primarily for the development of the properties in Colombia. Due to the recent spike of gold prices we believe funding may be executed before the end of the year.

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.

SOURCE Chancery Resources


Source: newswire



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