September 30, 2006

EXHIBIT 10.1

September 30, 2006

CHANCERY RESOURCES, INC.
3rd Floor, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Ladies and Gentlemen:

RE:     Hunter Claims, BC

Pursuant to an agreement between Chancery Resources, Inc. and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ dated September 30, 2006, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, 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

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

Yours truly,

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