Trust Agreement dated November 6, 2008 between our company and CB Resources Ltd

The Trustee is the recorded holder of certain mineral Claims in the Province of British Columbia, (collectively, the “Claims”) as listed in the Mining Acquisition Agreement between Chancery and the Trustee, dated November 6, 2008 (the “Property Agreement”).

Chancery, being a Nevada corporation cannot, under British Columbia laws, hold registered title to the Claims directly.

Chancery and the Trustee now wish to enter into a trust agreement whereby Trustee would hold registered ownership of the Claims in trust for Chancery on the terms and conditions as hereinafter set forth.

Chancery is a body corporate duly incorporated, organized and validly subsisting under the laws of Nevada; and

Chancery has full power and authority enter into this Agreement and any agreement or instrument referred to or contemplated herein.

Trustee represents and warrants to Chancery that the Trustee is legally capable and has the full power and authority to carry on as a trustee and to hold the Claims as a trustee on behalf of Chancery and to enter this Agreement any agreement or instrument referred to or contemplated herein.

The representation and warranties hereinbefore set out are conditions on which the parties have relied in entering into this Agreement and each party will indemnify and save the other party harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breach or any representation, warranty, covenant, agreement or condition made by the other party and contained herein.

This Agreement will terminate on November 6, 2009 unless on or before that date, Chancery terminates in writing this Agreement.

Trustee may terminate this Agreement and transfer the Claims to and into the name of CB Resources, if at any time Chancery fails to make any payment or file any assessment with a governmental or regulatory agencies as necessary to keep the Claims in good standing and Chancery agrees not to defend or dispute such action.

Trustee will not do any act or thing which would or might in any way adversely affect the rights of Chancery hereunder.

Trustee will assist Chancery in making all necessary filings and payments required to be made by Chancery pursuant to section 3 of this Agreement, including filings required to be made on or through the BC Mineral Titles Online website.

Trustee will transfer registered ownership of the Claims to Chancery or its authorized agent immediately on request made by Chancery, provided that Chancery will pay all transfer fees.

Trustee will promptly provide Chancery with any and all notices and correspondence from government or regulatory agencies in respect of the Claims.

Any notice, direction or other instrument required or permitted to be given under this Agreement will be in writing and will be given by the delivery or facsimile transmission or the same or by mailing the same by prepaid registered or certified mail in each case addressed as follows:

if to Chancery

Dallas, Texas 75001

if to Trustee

Vancouver, British Columbia, V6E 2J3

Any notice, direction or other instrument aforesaid will, if delivered by courier or facsimile transmission, be deemed to have been given and received on the next business day following the day on which it was delivered or sent by facsimile, and if mailed, be deemed to have been given and received on the fifth business day following the day of mailing, except in the event of disruption of the postal services in which event notice will be deemed to be received only when actually received.

Any party at any time give to the other notice in writing of any change of address of the party giving such notice and from and after the giving of such notice, the address or addresses of such party for the purpose of giving notice hereunder.