Chancery Resources Inc. (OTCBB: CCRY) has the corporate mission 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 their shareholders and partners, while doing so in a socially and environmentally responsible manner.

El Cafetal Gold Mine

Chancery's core project is the producing El Cafetal Gold Mine in the historic Valparaiso gold mining district of Colombia. Located 120 kilometers south of Medellin, Valparaiso is on the Eastern flank of the Western Cordillera Mountain range in the Department of Antioquia, Colombia.

The El Cafetal concession covers an area of 135 hectares and Chancery's management team is focused on the expansion and exploitation of this gold, silver and copper deposit within this historic mining district.

The Antioquia region has been Colombia's most prolific gold producing region for hundreds of years but has seen little modern exploration or development, leaving much of its potential to be realized. The diverse geological environment makes possible the exploitation of a wide variety of minerals and metals of considerable economic consequence. Colombia is a major producer of gold, silver, emeralds, platinum, oil and coal.

Colombia is seeking to attract a new generation of foreign investment, notably in the energy, mining and infrastructure sectors. Colombia's President, Alvaro Uribe has reaffirmed his government's resolve to strengthen the country's economy and its commitment to private sector initiatives to advance the development of the country's mining industry.

Colombia Overview

Macroeconomic Stability

Colombia is one of the most stable economies in Latin America, as shown by its above average steady economic growth reaching 6.8% last year.

Political Stability

Colombia is known as the oldest and most stable Latin American democracy. All presidents have been elected democratically, except for a short period, between 1953 and 1957, when there was a military dictatorship. According to the World Competitiveness Yearbook 2006, Colombia ranks number one in the Latin American region in terms of consistent and transparent government policies.

Foreign Investors’ Trust in Colombia

Foreign direct investment has grown significantly; in 2006 it stood at $6,295 million. There are more than 700 multinational companies that have investments in Colombia. Of note among them are AngloGold Ashanti, Procter & Gamble, Johnson & Johnson, 3M, SABMiller, Telefonica and Nestle. The country provides investors with the possibility of entering into 3 to 20 year legal stability agreements that ensures that rules related to investment determinants will remain unchanged and will continue to apply for the duration of the agreement.

Competitive and highly qualified human resources

According to the World Competitiveness Yearbook, Colombia ranks number one among the leading economies in Latin America in terms of availability of skilled labor and ranks second in terms of qualified managers.

Strategic Location

• Colombia has coastlines on both the Atlantic and Pacific Oceans and has a modern port infrastructure.
• Easy access to North American, European, Asian and Latin American markets
• Colombia is in the same time zone as the East Coast of the United States which is an advantage compared to other countries as it facilitates Call-Center activities and Business Process Outsourcing (BPO) from Colombia to the entire continent
• Export Platform and Privileged Access to World Markets
• Free Trade Agreements
• FTA with the United States, currently under ratification
• FTA Colombia - Chile
• FTA Colombia – Central America (Honduras, Guatemala and El Salvador)
• Special Foreign Trade System
• 10 duty-free zones that provide customs, exchange and fiscal benefits
• New law for single company duty-free zones to encourage foreign trade, providing tax incentives
• Incentives for large exporters
• Special import/export systems
• Multiple development poles
• With a population of over 41 million, Colombia has the third largest population in the region
• Infrastructure and Communications
• 6 seaports on the Caribbean and 2 seaports on the Pacific Ocean
• 5 international airports
• 91% of the national roads are paved
• Access to 3 submarine communication cables, ensuring stable and reliable communications