September 30, 2006

EXHIBIT 10.1

September 30, 2006

CHANCERY RESOURCES, INC.
3rd Floor, 000 Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
Xxxxxx X0X 0X0

Ladies and Gentlemen:

RE:     Hunter Claims, BC

Pursuant to an agreement between Chancery Resources, Inc. and Xxxxxxxx Xxxxxxxxx dated September 30, 2006, Xxxxxxxx Xxxxxxxxx, the owner of the claims, will hold in trust for Chancery Resources, Inc., a 100% undivided interest in the subject claims under the terms of the agreement:

		Number of	Date of
Tenure No.	Claim Name	MTO Cells	Expiration
540601	Hunter	9	September 7, 2007

Xxxxxxxx Xxxxxxxxx will deliver full title on demand to Chancery Resources, Inc. when all terms and conditions have been met regarding the aforementioned agreement.

Yours truly,

XXXXXXXX XXXXXXXXX
Xxxxxxxx Xxxxxxxxx