Deputies say the whole thing began with a call about shots fired at a home at Glendon Road near the Moore County line.
Later, they got another call about gunshots from a vehicle.
Officers spotted a car that matched the description of the car involved in the shooting and tried to pull it over. The driver fled and officers followed at speeds that went up to 90 miles per hour.
After following the driver for about 20 miles, officers stopped the vehicle along Alston Bridge Road just east of Siler City around 1:30 pm. They say 35-year-old David Scott Herring - of 505 Herring Path, Bear Creek - would not obey orders to put down his weapon and exit the vehicle.
Investigators say Herring fired two shots at officers - hitting Sgt Chris Perry and Captain Roy Allen.
Officers returned fire and Herring was killed.
Perry and Allen were shot in the legs. Their injuries were described as non life-threatening and they are in good condition at UNC Hospitals.
A second person who jumped out of Herring's car during the chase was detained, but later released without charge.
The State Bureau of Investigation is conducting an investigation into the incident - which is routine after any officer involved shooting.
Major Gary Blankenship with the Chatham County Sheriff's Office he's extremely grateful that the two officers are not more seriously injured and will recover.
"We are thankful for the many prayers on their behalf," he said.
Sgt Perry is a 14 year veteran of the sheriff’s office. Captain Allen is an 18 year veteran and has been with the sheriff’s office since 2002.