Item 4.01 Changes in Registrant's Certifying Accountant

On October 19th, 2009, Chancery Resources, Inc. (the "Company" or "Registrant"), based on a decision made by its Board of Directors, filed a Form 8-K announcing that on October 16th, 2009, the Company had dismissed Manning Elliott, as its independent registered public accounting firm and, on October 16th, 2009, had engaged Malone & Bailey, PC, from Houston Texas as its new independent registered public accounting firm.

The Board of Directors decided to dismiss Manning Elliott and appoint Malone & Bailey, PC as the Company's new independent registered public accounting firm, primarily based on the following:

i. The Company's believe the change will allow a most cost-effective and timely completion of the audit review of the Company's financial statements for the fiscal year ending May 31, 2009, August 31, 2009 and the timely submission of future SEC filings.

ii. The Board of Directors believed that its decision to replace Manning Elliott was in the best interests of the Company.