ALERT, Chancellor Group, Inc. Announces Significant Increased Value of its Oil Reserves in A Real Audio Interview.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 2, 2000

Chancellor Group, Inc. (NQB:CHAG), conducted a Real Audio interview with Shane Rogers, the CEO of Chancellor Group, Inc. and it is now available for rebroadcast at http://www.nqbnewscast.com in the profile section. A direct link to the Real Audio interview can be found below. You'll need Real Player to here the interview.

http://www.nqbnewscast.com/Clients/Chancellor-Group/Chancellor-Group-Main.htm

Shane Rogers comments on their current 10 filing status, and about the increased value of their oil and gas reserves. Shane Rogers stated the value of their oil & gas reserves in their Texas property alone equals $1.1 billion at today's market prices for oil, and this does not include their Kentucky property which would add another $500 million to that value. Shane Rogers also commented that Chancellor Group should be filing their 10 registration statement some time next week with the SEC. Investors, analysts, and brokers are encouraged to contact the company for more information about Chancellor Group, Inc. at [e-mail] Market Makers and brokers who are interested in picking up CHAG as a stock they trade can contact Chancellor Group at [phone] or by visiting www.nqbnewscast.com

More information can be found at Chancellor Group yahoo club below!

http://clubs.yahoo.com/clubs/chancellorgroup

Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.